Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

EFactor Group Corp. Acquires Business Growth Systems

Posted by fidest press agency su mercoledì, 9 luglio 2014

san franciscoSAN FRANCISCO, CA / ACCESSWIRE. EFactor Group Corp. (OTCQB: EFCT) (“EFactor Group Corp.” or “the Company”), owners of a group of entrepreneur-focused service companies and EFactor.com, a niche social network providing content and resources for entrepreneurs worldwide, today announced the acquisition of an entrepreneur-focused business services platform, Business Growth Systems, Ltd. (“BGS”).BGS was founded in 2006 to help entrepreneurs throughout the United Kingdom grow their businesses rapidly from startup to maturity. BGS is a training and education company and conducts more than 20 seminars each month in different cities around the United Kingdom. The training provided helps entrepreneurs to grow sales, increase profits and manage time more effectively. The end result is a profitable, fast growing-company that relies less on the founding entrepreneur, and more on the staff hired to take the business to its next level. BGS has served over 23,000 customers through its live events and products since inception.BGS unaudited financial statements for the twelve month period ended December 31, 2013 reflected revenue of $1.83 million. For the three months ended March 31, 2014, revenues were $1.45 million. EFactor acquired 100% ownership of BGS in consideration for EFactor shares equaling to approximately $4.55 million. “BGS” event-focused outreach and connections are highly relevant to EFactor’s core concept of offering live events in support of a thriving social network and we are keen to use the team’s expertise and offer these seminars to all our members,” began Marion Freijsen, COO of EFactor Group Corp. “It is also a clear match to one of EFactor’s Four Pillars – “Knowledge”. Their expertise in event planning and entrepreneur-focused seminars are not only a value to our growing group of EFactor.com members in the UK, we are planning for BSG to eventually run our own EFactor branded events, like our ‘Pitch-It-in-Person’ events held worldwide.”EFactor Group Corp. (OTCQB: EFCT) has at its core EFactor.com, a niche social network for entrepreneurs. EFactor.com provides its members with the people, tools, marketing and expertise to succeed and make real, trustworthy and lasting connections. At the core of the network lies a strong algorithm that allows members to not only connect with people, but with the right people. In addition, EFactor.com provides knowledge, facilitates preparing for funding and resources to reduce business costs, delivered through a mix of online social networking and offline domestic and international events. EFactor.com has over one million members in 222 territories across 240 industries. It is incorporated in Nevada and headquartered in San Francisco

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