NEW YORK, NY — (Marketwired) — 10/22/15 — EFactor Group Corp. (OTCQB: EFCT) (“EFactor Group”, the “Group” or the “Company”), the premier business network for entrepreneurs designed to provide a variety of tools and business services to help drive business success, today announced the Group–s Social Networks Division surpassed 2.0 million members as a result of new registrations across all social network platforms including EFactor.com, the Company–s hub of its entrepreneur-focused social network to connect, educate, service and help fund entrepreneurs.
EFactor Group–s Social Networks division is one of three, dedicated business divisions tailored to service the needs of entrepreneurs worldwide. The Group–s divisions include; Social Networks, Business Services, and Funding. In each division, EFactor Group has acquired businesses aligned with each Division–s focus and the collective mission of EFactor to help entrepreneurs “Build Better Businesses”.
EFactor Group–s Social Network Division is founded on EFactor.com, the Group–s member-based, social networking website for entrepreneurs. After a member registers their profile, the site–s algorithm encourages members connect with each other, educate themselves in a community of entrepreneurs, learn about needed business services, review funding options like RocketHub and prepare for future financing considerations by participating in EScore. Escore is a service provided to EFactor members that measures an entrepreneur–s business performance in key areas of leadership, sales and marketing, technology, finance, and social value. As ratings improve in each area, EScore advocates that an entrepreneur–s business is better prepared to be considered an attractive investment.
EFactor.com was launched in 2008. The Group added its second and third businesses to its Social Networks division in 2014. In July of 2014, Netherlands-based GroupCard, B.V. was acquired by the Group and added to the Social Networks Division. GroupCard uses community-based social networks to build fan loyalty for small and mid-sized sporting leagues and teams in Europe. GroupCard indirectly funds sports teams through a percentage of consumer (fan) purchases at designated retail locations also participating in the GroupCard program. Fans are identified by a co-branded GroupCard/team logo card presented to the retailer who allocates a percentage of profits from the sale to the member–s team. This percentage is automatically accrued and then wired to the team–s finance department.
In October of 2014, the Group then acquired, ELEQT, Ltd. ELEQT is an exclusive social discovery network for trendsetters in style and business. ELEQT uses social networking by offering a trusted social network, , where members can engage with fascinating people to meet, discover things to do, review places to go and learn of trends to follow. ELEQT also organizes hundreds of exclusive member-only events around the world sponsored by dozens of brands such as Maserati®, Moet-Chandon® and the Ritz-Carlton® who are actively marketing their products and services to ELEQT members. ELEQT–s network will be presented entrepreneurial financing opportunities for EFactor.com members and automatically provided access to EFactor.com. EFactor.com members are provided access to ELEQT if they have enrolled in a VIP Membership.
EFactor Group recorded 1.9 million members of its Social Networking Division as of June 30, 2015. In September, EFactor.com launched its upgraded website, new content, and improved functionality. The subsequent marketing of the site and the growth of the EFactor.com network through September and into October is credited to the Division surpassing its 2.0 million member mark.
Marion Freijsen, Co-Founder and COO of EFactor Group Corp., stated, “EFactor.com is the heart and soul of our Company and it is the core focus of our Group and target market. The total market of entrepreneurs is estimated at 300 million worldwide from which we have targeted 90 million entrepreneurs who can be serviced by our office locations, have an active engagement on the internet, and engage on social media platforms. For each successive quarter, we plan to see an increase in members as we enhance our offerings to engage and further monetize members of our fast-growing Social Networks Division.”
EFactor.com provides freemium and paid-for VIP membership options. In addition to membership revenues, EFactor.com also earns revenues from on-line ad placement and click-through advertising results from a list of brand-leading businesses who have equally targeted entrepreneurs for their products and services.
EFactor Group Corp. is the premier business network for entrepreneurs designed to provide a variety of tools and business services to help drive business success. Through its wholly owned business services subsidiaries, EFactor Group provides its growing entrepreneurial community of over 1.9 million members with social networking and education, entrepreneur-focused business services, and financing opportunities including crowd funding. A proprietary selection and matching algorithm to offer specific content and resources tailored to each entrepreneur–s unique business needs. With members in every country in all 196 countries in the world across 240 industry groups, EFactor Group has built the only comprehensive entrepreneurial community that serves as a source of inspiration and ideas on platform that also consolidates essential services to foster business growth.
EFactor Group–s operations are categorized by the following Business Divisions:
1. Social Networking
2. Business Services
3. Funding options.
For more information about EFactor Group Corp. (OTCQB: EFCT) please visit: . Or see our company video :
EFactor hosts a social network designed to support you as your business grows, along every step of your journey. We–ll be there to congratulate you every time you win and will coach and inspire you whenever you feel frustrated by setbacks. You can count on us to connect you with the right people for you and your company and offer you the resources and talent that will help you succeed. We are highly motivated everyday people who genuinely care about our team and customers. We cheer each other on and have each other–s back. We get to see our ideas come to life every single day. We–re entrepreneurs, contributing our expertise to the community.
For more information or to become a member of EFactor, please visit:
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not statements of historical fact and often contain words such as “may,” “will,” “expect,” “believe,” “anticipate,” “plan,” “estimate,” “seek,” “could,” “should,” “intend,” “potential,” or words of similar meaning. Forward-looking statements are based on management–s current expectations, beliefs, assumptions and estimates regarding our company, industry, economic conditions, government regulations, energy policies and other factors. These statements are subject to significant risks, uncertainties, and assumptions that are difficult to predict and could cause actual results to differ materially and adversely from those expressed or implied in the forward-looking statements. These risks include risk factors described from time to time in the reports and registration statements we file with the Securities and Exchange Commission, including those in our most recent Form 10-K and any updates thereto in our Forms 10-Q. There may be other risks and uncertainties that are not currently known to us or that we currently believe are not material. We make forward-looking statements based on currently available information, and we assume no obligation to, and expressly disclaim any obligation to, update or revise publicly any forward-looking statements made in this release, whether as a result of new information, future events or otherwise, except as required by law.
Marion Freijsen
Co-Founder/COO
EFactor Group Corp.
Main: +1 650 380 8280
Email:
EFactor email:
John Mattio
Corporate and Investor Communications
EFactor Group Corp.
Main: +1 203 297 3911
Email:
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