Security First International Holdings, Inc. Signs Letter of Intent to Acquire 49% of Gentec LLC
FT. LAUDERDALE, Fla. - Nov. 7, 2016 - PRLog -- Security First International Holdings, Inc. (OTC:SCFR), a leading provider of mobile financial products and services for consumers, is pleased to announce that it has signed a letter of intent with Gentec LLC. whereby the two companies plan to enter into an equity and exclusive license agreement in order to pursue mutually beneficial business opportunities in the Health and Wellness product industry.
Gentec, an online distributor of nutraceuticals, has a product line that consists of energy, testosterone booster and sleep sprays that are sold online through the company's e-commerce website and Amazon.com.
Security First International Holdings plans to digitally market Gentec's products with the company's GraphX ad technology that has been in private beta testing for the past 3 months with Gentec and other online merchants.
" With the growing awareness and market demand for Health and Wellness worldwide Security First International Holdings is positioning itself to be a market leader in digital advertising of nutraceutical products." said Brian Fowler President
Terms of the proposed transaction were not disclosed. Security First International Holdings and Gentec anticipate finalizing the definitive Agreement by December 7, 2016.
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About Security First International Holdings, Inc.
Security First International Holdings is a company focused on providing innovative financial payment products and services to consumers globally. We provide new possibilities for the mobile commerce market through technology and platforms that will create a meaningful financial impact on all consumers. Through a mobile technology that works in combination with Android devices, direct carrier billing and prepaid reloadable cards; Security First International Holdings, Inc. is re-defining the conventional application of funding sources for prepaid reloadable cards. A technology company redefining mobile shopping, Security First International Holdings, Inc. is bringing together alternative consumer financing solutions designed to create a consumer mobile shopping lifestyle that is a more connected, powerful experience.
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