EFactor Group Corp. Announces New CFO and Changes to Board of Directors


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PK:EFCT
07/03/2014 [ACCESSWIRE]

Thomas Trainer Appointed to Chairman of the Board; Mark Noffke Appointed CFO

SAN FRANCISCO, CA. / ACCESSWIRE / July 3, 2014 / 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 appointment of Thomas Trainer to Chairman of the Board and Mark Noffke to Chief Financial Officer of EFactor Group Corp.

Adriaan Reinders, CEO of EFactor Group Corp. and exiting Chairman of the Board commented, "With our most recent round of acquisitions, the Board of Directors and I decided that concentrating my efforts and that of our management team on the operations and growth of EFactor Group Corp. is the best use of my time.  Having an experienced corporate executive such as Tom lead the Board will help us focus on the positioning and value of our operations. I am equally excited to have Mark work with us as CFO.   His contributions have been important throughout his years of service and he is supremely qualified to serve as CFO."

Newly appointed Chairman of the Board, Mr. Thomas Trainer, is a well-recognized and awarded leader in the business technology field. Throughout the course of his 40-year career, he has assisted companies such Citigroup, PepsiCo, Reebok, Eli Lilly &Company and Joseph E. Seagram to the forefront of their Industries, in his role as their Global Chief Information Officer. For these accomplishments, Tom received in 2005 "The Albert Einstein Award for Career Achievement in Information Technology", to add to his other awards of "CIO of the Year" and "CIO of the Decade" from various industry magazines.  

In 1996, Mr. Trainer helped found "The Working Council of CIOs of The Advisory Board" and "The Pharmaceutical Research and Manufacturers Association (PHARMA) CIO Forum". He has lectured internationally on business and technology issues, including "The World Congress of Information Technology" in Washington, DC; and various conferences sponsored by The Economist, Forbes, BusinessWeek, Fortune, and Financial Times. In 2009 he was the keynote speaker at the "Inaugural Sino-American CIO Conference" in Beijing. Mr. Trainer has also been profiled on CBS TV's "American Edition" and CNBC's "Technology Edge" Broadcast programs.

Effective July 1, 2014, Jim Solomon stepped down as CFO and board member of EFactor Group Corp. and was replaced by Mark Noffke, the Company's Executive Vice President of Finance since 2012. Mr. Noffke was also appointed to the Company's board of directors. Mr. Noffke has over 37 years of experience as a seasoned financial and management professional. He has served as Chief Financial Officer of several small cap public companies since 2004. Mr. Noffke also founded a professional service company that provides accounting services to both public and private companies.  Mr. Noffke was a Managing Director of a boutique investment bank, where he conducted due diligence and acquisition analysis in various industries, including waste recycling, forest products and automotive and has served as the chief financial officer and a Director of U.S. Forest Industries, Inc., a timber manufacturing company, where he was responsible for developing the company's accounting infrastructure. Mr. Noffke, is a Certified Public Accountant and has a Bachelor of Science in Accounting from Valparaiso University in Indiana. 

About EFactor Group Corp.

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. For more information, visit http://www.efactor.com

EFactor Group Corp. also has various subsidiary service organizations including a UK communications and public relations agency and a company that delivers matching software for mentees to get matched to the perfect mentor.  For more information about EFactor Group Corp. please visit, http://efactorgroup.com/

The EFactor.com Value – The Entrepreneurs Wingman

EFactor.com is 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.

See our Company Video here:  http://ir.efactorgroup.com/videos/view/4/efactor-video

Forward-Looking Statements:

Safe Harbor: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of EFactor Corp., to be materially different from the statements made herein.

Company and Investor Relations 

Marion Freijsen – Co-Founder/COO
EFactor Group Corp.
Main: +1 650 380 8280
Email: marion@EFactorgoup.com
EFactor email: http://www.EFactor.com/marion

John Mattio – Investor Relations
EFactor Group Corp.
Main: +1 203 297 3911
Email:  john.mattio@EFactor.com


SOURCE: EFactor Group Corp.

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