EFT Holdings, Inc. Auditor Raises 'Going Concern' Doubt

EFT Holdings, Inc., formerly EFT Biotech Holdings, Inc., is an e-business company. The Company operates through two segments: online and beverage. The online segment is engaged in the sales of nutritional products, personal care products and EFT-phones. The online segment sells the Company's products to its affiliates through its Website. The beverage segment includes the bottled water factory in Baiquan, Heilongjiang Province, the People's Republic of China. The Company offers various categories of products, which include nutrition, personal care, automotive and house care. The Company's products are directly sold to customers through its Website. As of March 31, 2016, the Company sold 27 different nutritional products, some of which are oral sprays; 21 different personal care products; an automotive product; a house cleaner, and a flip top portable drinking container that contains a filter to remove impurities from the water.