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Monday, December 22, 2014 2:05:04 PM
FOR IMMEDIATE RELEASE:
EFH Group Trading Under New Symbol -
HUTN
DENVER and NEW YORK, December 22, 2014 – EFH Group,
Inc. was assigned a new symbol and is now
traded on the OTC – QB market under the symbol HUTN
.
EFH Group, Inc., a holding company. Through its wh
olly-
owned subsidiary, EFH Financial Corp., expanding
the range of financial services and products it pro
vides to individuals, corporations and institutions
throughout
the United States. The Company was previously a pr
ovider of surety bonds, a specialty financial produ
ct.
EFH Group is in the process of expanding its busine
ss. In November 2014 the company engaged a new
management team with extensive experience in financ
ial services. At the same time, the company purcha
sed
assets that are important to its business expansion
. The assets were purchased for 57,970,000 shares,
consisting
of 52,173,000 shares of common stock and 5,797,000
shares of class B common stock. The asset purchase
was
based on a value of $157,500,000 based on company a
ssessment which includes an independent third-
party
valuation. The assets ’
presentation in future financial statements, whethe
r on the balance sheet or in the notes,
will be based on generally accepted accounting prin
ciples.
In 2015, the company plans to introduce new product
s and services which will be provided to individual
s,
corporations and institutions in the United States
via the internet and other distribution channels.
In the first
quarter of 2015 the company intends to announce its
new product, sales and distribution plans.
# # #
Please direct inquiries to:
media@efhgroup.com
This release contains includes "forward-
looking statements" within the meaning of the safe
harbor provisions of the United
States Private Securities Litigation Reform Act of
1995. These statements are based upon the current b
eliefs and
expectations of company
management and are subject to significant risks and
uncertainties. If underlying assumptions
prove inaccurate or risks or uncertainties material
ize, actual results may differ materially from thos
e set forth in the
forward
-looking statements. The company undertakes no obli
gation to publicly update any forward-
looking statement,
whether as a result of new information, future even
ts or otherwise.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10371887
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