EffTec International, Inc. Announces Agreement with 32Group, Inc.
AVON, Conn., May 02, 2019 (GLOBE NEWSWIRE) -- EffTec International, Inc. (OTC:EFFI) a holding company designed to acquire and manage technology-centric health and wellness companies with related but distinct products, services, markets and opportunities, is pleased to announce that it has entered into an agreement with 32Group, Inc. headquartered in Paris, France. Majid Pishyar, Chairman and CEO of 32Group, will join EffTec’s Board of Directors to help the company expand its services internationally. Additionally, 32Group has made a $ 320,000 equity investment into EffTec at $ .15 per share.
“We are pleased to partner with such a prestigious international firm that is uniquely positioned within the major world economies,” commented EffTec CEO, Paul Cristiano. “The extensive global knowledge base of 32Group will assist us as we continue to grow domestically and internationally.”
32Group Chairman and CEO, Majid Pishyar, noted: “32Group offers its products and services across five continents. The important health and wellness work that EffTec is leading, aligns with our own company vision. We believe the model and products offered by EffTec are on point in today’s developing healthcare technology environment and as part of our commitment 32Group has completed a $320,000 investment in EffTec to help expand its global footprint.”
About EffTec International, Inc.EffTec International, Inc. (EFFI: OTC) is a holding company featuring technology-centric direct-to-consumer and B2B health and wellness programs aimed at containing costs, improving productivity, and enhancing the quality of medical encounters. EffTec’s Strategic Business Unit, TeleCare Partners Group (https://www.telecarepg.com), develops and manages telemedicine programs for the eldercare sector, as well as for municipalities, and not-for-profit organizations. TeleCare Partners Group specializes in reducing unnecessary hospital readmissions at Skilled Nursing Facilities.
To better reflect its new technology-related business model EffTec International is in the process of changing its name to “Nexteligent Holdings, Inc.” and will secure a new ticker symbol.
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