0001014897-15-000071.txt : 20150317 0001014897-15-000071.hdr.sgml : 20150317 20150317090508 ACCESSION NUMBER: 0001014897-15-000071 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150316 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150317 DATE AS OF CHANGE: 20150317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EFH Group, Inc. CENTRAL INDEX KEY: 0001565700 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 208594615 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-55175 FILM NUMBER: 15704950 BUSINESS ADDRESS: STREET 1: 77 WATER STREET STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 212-742-5000 MAIL ADDRESS: STREET 1: 77 WATER STREET STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 FORMER COMPANY: FORMER CONFORMED NAME: Twentyfour/seven Ventures, Inc. DATE OF NAME CHANGE: 20121231 8-K/A 1 f3515efh8kitems801901.htm AMENDMENT TO FORM 8-K EFH Group FORM 8-K



SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549


FORM 8-K /A


Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act


March 16, 2015

Date of Report (Date of Earliest Event Reported)


EFH Group, Inc.

 (Exact name of registrant as specified in its charter)



Colorado

 

000-55175

 

20-8594615

(State or other jurisdiction of incorporation or organization)

 

(Commission File Number)

 

(I.R.S. Employer Identification Number)


77 Water Street, 7th Floor

New York, NY

 

10005

(Address of principal executive offices)

 

(Zip Code)


(212) 742-5000

 (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


EXPLANATORY NOTE


This amendment to the Form 8-K, filed March 16, 2015, is being filed solely to incorporate the appropriate press release, which has been revised for clarity.  No other changes have been made.



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Item 8.01 - Other Events


On March 16, 2015, the Company announced that it was launching a new internet initiative that will connect consumers with financial professionals across a range of service lines.


This service will be free for consumers.  The services include, but are not limited to: retirement, insurance, financial planning, tax, trusts and estates, real estate, and other financial advisory services.


The Company will not offer any financial products to consumers and is therefore not subject to regulation.  Instead, the Company helps independent financial firms to attract new clients.


Item 9.01 – Exhibits


Ex 99.1 – Press release dated March 16, 2015


SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.


EFH Group, Inc.


By:      /s/ Christopher Daniels

Dated:

March 17, 2015

Christopher Daniels

Chief Executive Officer




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 EX-99.1 2 f20150316efhuttonpressreleas.htm EXHIBIT 99.1 Exhibit 99.1

FOR IMMEDIATE RELEASE



 

EF Hutton Launches GATEWAY: First-of-its-Kind, One-Stop-Shop for Independent Providers of Financial Services


Internet Service Connects Consumers with Financial Experts

________________________________________________________


NEW YORK, Monday, March 16, 2015 – EF Hutton Financial, Corp. a subsidiary of EFH Group Inc. (OTC: HUTN) today launched a national internet initiative at www.efhutton.com. EF Hutton’s B2C internet service is unique in the financial services industry because it connects consumers to qualified independent financial professionals across a wide range of financial service lines.


The service is free to consumers and provides the convenience of accessing all services from one single website.    Consumers can choose a provider with confidence knowing that EF Hutton verifies provider’s qualifications and thereby assures satisfaction – making efhutton.com the trusted source for all their financial needs.  The services include: retirement, insurance, financial planning, tax, trusts and estates, real estate, and many other financial services.  Clients can book appointments with providers of their choice without leaving the website. And EF Hutton provides a reward program that gives points to clients that use service providers in EF Hutton’s network.  The web-based service model has similarities to Uber in that EF Hutton receives a portion of service revenues, and similar to Angie’s List in that it qualifies the service providers on the network.   People know that the EF Hutton brand stands for the highest-quality financial advice – advice worth listening to.  


Service providers benefit from a source of new clients, because EF Hutton does the marketing – saving them precious time and money – a great value for smaller independent providers who lack resources to attract new clients.  It is estimated that it typically costs more than $250 for financial service providers to acquire a new client.  Financial providers can sign up for free and pay only for each client introduction.  For an added fee, EF Hutton offers higher service levels with guaranteed introductions to prospective clients.


According to industry reports, independent financial service providers face significant challenges due to higher costs resulting from a lack of scale and a lack of resources for marketing resulting in high client acquisition costs (“CAC”) and a related loss of business opportunities.  A series of articles in 2014 published in ThinkAdvisor magazine and written by Michael Kitces, highlighted the dilemma for independent financial providers.  EF Hutton’s new financial network effectively reduces CAC – thereby helping independent firms to generate more revenue and to better compete.


With more than one million independent financial service professionals in the United States, representing a range of small and specialty firms, there is compelling value to those financial professionals who join EF Hutton’s service network.  These professionals and firms represent expertise in retirement planning, financial planning, tax, insurance, real estate and other financial advice.  


This initiative is led by EF Hutton’s new management team which includes the grandson of EF Hutton, Mr. Stanley Hutton Rumbough as Chairman.  The Company’s new management started at the end of 2014 and includes Mr. Christopher Daniels as CEO and Mr. Lance Diamond as CFO.  


Mr. Daniels said, “Consumers know EF Hutton for our high-quality professional advice. Our new service expands consumer choice.  And we do it with advanced internet-based technology that allows us to deliver these benefits to the largest number of people.”


Mr. Rumbough added, “My grandfather started EF Hutton to help people with their financial affairs, and we honor his legacy by helping them to choose financial service professionals to address their needs.”


EF Hutton’s objective is to grow the service network rapidly to include thousands of independent providers who service millions of clients nationwide. The famous EF Hutton brand, which is widely-known for service and innovation, is expected to accelerate growth of The Gateway.  Furthermore, EF Hutton plans on expanding the economic value of the service network by adding new services, features and benefits.  The value of The EF Hutton Gateway will come from its size and growth-rate and the extent of interaction among consumers and providers.


EF Hutton has also established an institutional division to meet the needs of corporations, institutions and government entities, each of which require a different set of services than the typical individual client.  The company plans to grow the institutional division organically and by acquisition of firms that specialize in servicing such clients.  The institutional division is expected to commence operations in the third quarter of 2015.


About EF Hutton

EF Hutton Financial Corp. is a subsidiary of EFH Group, Inc. (OTC: HUTN). EF Hutton provides financial services and solutions that improve the lives of individuals, families and their communities.  In connection with this strategic direction, EFH Group, Inc. has decided to change its name to EF Hutton America, Inc. The name change is expected to be effective in the second quarter of 2015.  EF Hutton is legendary for the service and value it provides to clients.  EF Hutton is bringing that legendary service back using technology and other innovative means to add value.  That is why, as everyone knows, “when EF Hutton talks, people listen.”


# # # # #


Direct Inquiries to:

   Steve Brownell

   Cognito

   steve.brownell@cognitomedia.com





























Cautionary Note Regarding Forward-Looking Statements

This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Contact EFH Group, Inc. for additional information.