In addition to these opportunities in Southeast Asia, the Company decided to diversify and invest into other industries. Therefore the Company on September 7, 2011, the Company created a new wholly owned subsidiary, Efactor Holdings, Inc. (“EHI”) and issued 4,000,000 shares of EHI to the Company. On September 24, 2011, EHI entered into a Share Exchange Agreement with EFactor Corp., a Delaware corporation (“EFactor”), pursuant to which EHI obtained all of the issued and outstanding shares of common stock of EFactor, in exchange for the issuance of an aggregate of 14,000,000 shares of EHI common stock.
