TULSA, OK — (Marketwired) — 10/02/14 — Efftec International, Inc. (OTC: EFFI), a holding company focused on direct acquisition and development in growth industries, is pleased to announce that it has executed a binding revenue sharing agreement with Nemestrinus Ltd. (“Nemestrinus”), a United Kingdom company.
The general terms of the agreement will result in Efftec receiving a 10% revenue share of all sales which follow users of PotSnob visiting Nemestrinus–s web properties through the PotSnob app on their phone. The upcoming version 1.3 of PotSnob, which we anticipate releasing within weeks, will contain all of the necessary coding and technological infrastructure to be able to hyperlink to the properties in question, and to track all sales which occur as mentioned.
As Efftec continues to grow the number of downloads/installations of PotSnob, while improving on its features and abilities, we believe that this agreement holds great potential to increase exposure of both companies, further grow the user-base for the app and lead to an increase in the net value of PotSnob.
Efftec International, Inc. (OTC: EFFI) is a holding company whose focus is the acquisition and development of proprietary technologies. The Company is actively expanding its footprint in the technology marketplace through acquisitions of valuable IP and existing companies with proven business models.
About PotSnob:
PotSnob provides users a sleek and intuitive way to access detailed information pertaining to their favorite cannabis strains. With its new navigation and search functionality put in place, finding your preferred strains has never been this easy. Additionally, the new PotSnob provides laboratory tested THC/CBD levels, concise but detailed strain descriptions, as well as individually paired food recommendations (–munchies–) for each strain. The newly redesigned PotSnob app is the cannabis connoisseurs– best friend and companion.
Safe Harbor:
This Press Release may contain, among other things, certain forward-looking statements, including, without limitation, (i) statements with respect to the Company–s plans, objectives, expectations and intentions; and (ii) other statements identified by words such as “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans” or similar expressions. These statements are based upon the current beliefs and expectations of the Company–s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company–s control).
Contact:
Alexander Desousa
CEO
866-601-2639
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