NEW YORK, NY — (Marketwired) — 11/27/15 — 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 its Business Services division, through its UK-based staffing company, HT Skills Ltd., obtained approval and accreditation as a certified training facility to provide AAT accounting curriculum to trainees for placement in the organizations HT Skills provides staffing.
The Association of Accounting Technicians (“AAT”) is the UK–s leading qualification and membership body for vocational accountants. AAT maintains 125,000 members in more than 90 countries which represent various levels of the finance and accounting world, including students, people already working in accountancy and self-employed business owners. AAT awards around 90% of all vocational qualifications in accounting, and is sponsored by the professional accounting bodies CIPFA, ICAEW, CIMA and ICAS. The organization–s Accounting Qualification is universally respected and internationally recognized. Organizations such as Sainsbury–s, P&G, Morgan Stanley, the Ministry of Defense hire AAT-qualified members for their knowledge, skills, diligence and enthusiasm and their standards of professionalism.
On November 10th, HT Skills application to become a certified AAT Training Provider was approved. The certification will allow EFactor Group–s Business Services division to provide accounting training through HT Skills to increase trainees– skills and value to the companies and entrepreneurial enterprises in which HT Skills places trainees, apprentices and part and full time staff.
“Expanding our business services offering to entrepreneurs is our core strategy in the division,” began Marion Freijsen, COO of EFactor Group Corp. “Critical to the value provided by our division is availing a growing pool of staffing options with high-demand skill sets such as accounting and book keeping. We expect HT Skill will significantly expand its trainee and apprenticeship following and is expected to increase our division–s revenues in the coming quarters. We will also advertise HT Skills– achievement and the subsequent launch of their accounting training programs to the thousands of EFactor.com entrepreneur-members in the UK and millions worldwide.”
HT Skills, Ltd. is one of four operating businesses under EFactor Group–s Business Services division. The Group–s division provides EFactor.com entrepreneur-members and other members in the Group–s Social Networks division with a portfolio of business services which include; staffing, mentoring, marketing, advertising and public relations. As reported by the Company on November 16th, the Group–s Business Services division recorded a 168% year over year and 25% sequentially to $0.6 million in the Company–s third quarter earnings report and form 10-Q.
Mr. Martin Prescott, Managing Director of EFactor Group–s HT Skills, Ltd., added, “Adding accounting training as certified by the AAT is a significant development for us and the companies for whom we staff with our trainees. Flexible and long-term staffing options are widely sought by businesses in the UK and throughout Europe. For this reason, we also expect the marketing of our accounting training capability will result in an increased number of staffing requests and positions for our trainees, heightened recognition of our company as a leader in the staffing industry, and the opportunity to expand our catchment area beyond UK borders.”
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 2.0 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:
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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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