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SOURCE EFactor Group Corp.
SAN FRANCISCO, Dec. 20, 2013 /PRNewswire/ -- EFactor Group Corporation (OTCBB: EFCT) ("EFactor Group Corp." or "the Company"), owner of EFactor.com, a niche social network for entrepreneurs, content aggregator and provider of resources to entrepreneurs worldwide, announced today that its common shares have been granted eligibility status by the Depository Trust Company (DTC), subsidiary of the Depository Trust & Clearing Corporation (DTCC).
DTC is the world's largest post-trade financial services company. It provides electronic clearance, settlement, and information services for the vast majority of the equities and other securities in the U.S. Trading of securities through DTC allows for cost-effective clearing and guaranteed settlement. Securities that are not DTC-eligible are often not accepted for trading at many brokerages due to the amount of paperwork and manpower required to execute and settle trades, thus making it more difficult for a significant percentage of investors to easily access the shares.
"We are pleased to have met this final requirement for the future trading of EFCT shares," began Adrie Reinders, CEO of EFactor Group Corp. "DTC-eligibility facilitates brokerage firms to trade our stock for their clients. We expect that our DTC-eligible status will improve our overall share liquidity and share attractiveness on the market."
About EFactor Group Corp.
EFactor Group Corp. (OTCBB: 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 a lot of people, but with the right people. In addition, EFactor 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 mentors to find the best mentees. For more information about EFactor Group Corp. please visit, http://efactorgroup.com/
The EFactor Value
EFactor 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.
Investor Relations Contact:
John Mattio, Sr. Vice-President
MZ North America
Direct: (212) 301-7131
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