EAF GROUP of COMPANIES INC. Announces Formation of Credit Counselling Division, Northern Light Debt Relief (NLDR) to its Stable of Companies
Toronto, Canada (Oct 1, 2021) - EAF GROUP of COMPANIES INC. is proud to announce the formation of its latest division Northern Light Debt Relief (NLDR) to its stable of companies.
Recognizing market trends and the contraction in economic activity impacting debt sustainability, particularly in low and middle-income households, the creation of credit counselling division Northern Light Debt Relief (NLDR) was the next step in EAF GROUP’s product offerings.
In addition to providing critical debt relief and liquidity support to consumers, NLDR is a perfect complement to EAF GROUP’s inbound offerings by eliminating the pain points of client acquisition and lowering related resources for even more integrated sustainability.
“We are significantly expanding our reach to deliver a wider range of omnichannel services to our clients,” said Jozef De Ruysscher, NLDR Managing Partner, “We very much look forward to contributing to the long-term growth of the EAF GROUP."
"This is an exciting milestone for our next chapter of growth," said Themis George, CEO & Founder of EAF GROUP of COMPANIES INC., "The combination of NLDR with our other offerings such as ECHO Auto Finance, AutoProtectTM, ECHO Auto Group and EAFdigital complements and continues to create significant value for all stakeholders."
"NLDR is a compelling opportunity for growth and market expansion," said Sandy Hum, Director of Marketing for EAF GROUP and Co-Founder of EAFdigital. "As NLDR transitions to complement all our offerings to drive sustainable, long-term growth for this exciting sector."
About EAF GROUP of COMPANIES INC.
EAF GROUP of COMPANIES Inc. focuses on B2B and B2C financial services through divisions ECHO Auto Finance, ECHO Auto Group, AutoProtectTM, Northern Light Debt Relief and EAFdigital, all united in vision. By leveraging all the benefits of eco-system self-sustainability, the GROUP innovates, differentiates and generates sustained value for our clients and business partners.
ECHO GROUP of COMPANIES INC. introduces EAFdigital to it’s Family
Toronto, Canada (Oct 1, 2021) - EAFdigital is the connective arm that binds the ecosystem of the EAF GROUP OF COMPANIES INC.. Instead of a cycle of outside dependency, EAFdigital is the fintech solution provider that spearheads a wide range of self-sustaining services -- agency marketing, information architecture, content creation, design, and more -- dedication to improving operations with the express goal to support, sustain and holistically drive growth within all divisions.
EAFdigital supplies all divisions of the EAF GROUP with data-driven, customized focused solutions. Instrumental in streamlining processes and cost-efficiencies in each division, thus eliminating redundancies. EAFdigital’s fluidity to each division allows quick turnaround for stimulating all processes and capturing data to continually drive the EAF GROUP forward.
EAFdigital is a division of EAF GROUP OF COMPANIES INC.
About EAF GROUP of COMPANIES INC.EAF GROUP of COMPANIES Inc. focuses on B2B and B2C financial services through divisions ECHO Auto Finance, ECHO Auto Group, AutoProtectTM, Northern Light Debt Relief and EAFdigital, all united in vision. By leveraging all the benefits of eco-system self-sustainability, the GROUP innovates, differentiates and generates sustained value for our clients and business partners.
ECHO Auto Finance Announces Its Transformation into a Holding Company (EAF GROUP of COMPANIES INC.) and launching FinTech solutions company, EAFdigital
- Five subsidiaries under the umbrella of the new GROUP, focused on growth and innovation
- The transformation will reinforce EAF GROUP’s position as an attractive investment destination for investors
- This transformation establishes the necessary platform to realize the GROUP's strategic objectives and strengthen its infrastructure
Toronto, Canada (Oct 1, 2021) - EAF GROUP of COMPANIES INC. today announced its transformation into a holding group structure and reinforcing its capabilities in technology innovation by launching a dedicated applied fintech solutions division, EAFdigital. This transformation marks a new chapter in the Group's history and signals its readiness for expansion.
The EAF GROUP of COMPANIES INC., will become the parent company with a starting portfolio of five divisions: ECHO Auto Finance, a dedicated B2B dealer finance division, ECHO Auto Group, the company brick & mortar automotive inventory provider, AutoProtectTM, warranty product offering, Northern Light Debt Relief (NLDR) and EAFdigital -- a new innovative fintech services division, focusing on providing innovation and nascent solutions through pragmatic innovation.
The GROUP will benefit from the integration and synergies between its subsidiaries, ensuring efficient intra-group operations across the organization. The operational independence of each subsidiary will create an agile, fluid environment supporting rapid responses to evolving market trends. It will also facilitate the introduction of best-in-class services to all market participants, diversification of investment opportunities, and the continued development of its infrastructure, and future product offerings.
Themis Georges, Founder and CEO, said: "The transformation into this new structure under EAF GROUP OF COMPANIES INC., will support the continued growth of all subsidiaries and reinforce its position to achieve successful delivery, while aligned with the GROUP’s strategy."
"The transformation into a GROUP is part of our continuous development evolution. The development is focused on enhancing offerings, attracting investments and diversifying our portfolio,” said Sandy Hum, Director of Marketing and Co-founder of EAFdigital, “while supporting subsidiaries to achieve their ambitions, and providing access to attractive investment opportunities."
ECHO Auto Finance announces the launch of a new automotive warranty product, AutoProtect™ This new product means clients can purchase comprehensive warranty protection along with their vehicle purchase during the sales lifecycle.
AutoProtect™ initial launch will provide three comprehensive warranty plans for consumers to choose from to suit their needs during the vehicle purchase lifecycle.
"We couldn't be more excited to launch this great product", said Themis Georges, CEO & Founder of ECHO Auto Finance. "At ECHO, we are thrilled to offer AutoProtect™, our first (of many) product lines. As more customers rely on their vehicles during these unprecedented times, we're happy to provide our customers the opportunity to protect their purchase now and into the future. AutoProtect™ will play a big role in our ecosystem and helps us further our commitment to consumers."
"At ECHO we believe in the power of having strong relationships with our customers", said Sandy Hum, Director of Marketing. "We're extremely excited to launch new product opportunities, we feel AutoProtect™ is a wonderful match for consumers.”
ECHO Auto Finance and AutoProtect™ are divisions of EAF Group of Companies Inc.
For more info, visit: https://autoprotectwarranty.com/
ECHO Delivers Impressive 2020 Financial Results
Stronger Together...It has been a wild ride this year!
TORONTO, CANADA - (NOVEMBER 12, 2020) - Navigating a second year is always challenging, coupled with an unprecedented crisis like COVID-19 can have devastating impact on every part of the business. Reliable data underpins both crisis planning and response. The outcome? Wider and longer-term perspectives have helped ECHO’s emergence from the crisis even stronger and more sustainable.
ECHO demonstrated outstanding execution in a challenged environment with total sales of $10.5 million, an increase of 15% with only a 6% drop in funded vehicles.
"I would like to thank our talented employees for their commitment and focus to our customers during the global pandemic," Themis Georges, ECHO CEO and Founder. “The world has changed, yet I am singularly proud that ECHO did not lay off any talent during this crisis. Rather, ECHO added a second location and additional staff to continue momentum to grow, generate sales, and remain committed to our proven Total Growth Strategy."
“These record results demonstrate the strength and resiliency of our ECHO Team,” said Sandy Hum, ECHO Director of Marketing. “Supported by a predictable revenue framework, that we believe positions ECHO very well for future growth and market share gains."
“I am proud of the company's performance, we demonstrated outstanding execution in a challenged environment,” said Georges. “The guiding principles we established at the onset of the pandemic, combined with our ability to innovate rapidly, strong relations with Financial Institutions & Dealer Partners provided confidence in our robust operating outlook. Our strategies are working and I am confident that ECHO will emerge from the pandemic as a stronger and even more resilient company.”
I would like to thank our talented employees for their commitment and focus to our customers during the global pandemic, the world has changed, yet I am singularly proud that ECHO did not lay off any employee during this crisis. Rather, ECHO added a second location and additional staff to continue momentum to grow, generate new product platforms, and remain committed to our proven Total Growth Strategy.
I am proud of the company's performance, we demonstrated outstanding execution in a challenged environment. The guiding principles we established at the onset of the pandemic, combined with our ability to innovate rapidly, strong relations with Financial Institutions & Dealer Partners provided confidence in our robust operating outlook. Our strategies are working and I am optimistic that ECHO will emerge from the pandemic as a stronger and even more resilient company.
Strong Growth and Expansion for ECHO Auto Finance
TORONTO, CANADA - (JULY 21, 2020) - ECHO Auto Finance, a leading provider for alternative automotive lending in Ontario experienced record growth in 2020. The company is now expanding with more staff and a new second location.
This continued company momentum speaks to significant market opportunity and demand delivered by ECHO Auto Finance. ECHO’s continued growth directly ties to the strategic initiatives set in place, which has been increasing a robust customer sales base and delivery footprint along with expanding product portfolio and brand partnerships.
ECHO continues to work on innovative sustainable strategies that have allowed ECHO to retain and grow employee talent despite the current economic climate.
“ECHO’s unwavering commitment to engaging the dealer automotive sector has enabled us to grow more effectively,” said Themis Georges, CEO of ECHO Auto Finance. "Even during these unprecedented times, we continue to successfully execute our growth strategy. This expansion presents ECHO with a unique opportunity to significantly expand our footprint and continue strong momentum.”
ECHO’s rapid growth and expansion has positioned itself to meet massive shifts in mobility and consumer behavior. The deliberate approach ECHO has taken to bring solutions to targeted markets will continue to allow ECHO to thrive far beyond operating roadmap.
“ECHO has quickly become the trusted industry lender in Ontario, because of its dedication to its dealer partner network,” said Sandy Hum, Director of Marketing. “ECHO’s aggressive growth parallels what I experienced at Trend Financial when I joined. As a result, ECHO has emerged as an essential lender in Ontario. I’m very excited where ECHO occupies the auto lending sector in the coming months.”
About ECHO Auto Finance
Established in 2018, ECHO Auto Finance is a leading alternative automotive lending provider in Ontario with two locations in Ontario. A boutique automotive financial services company, "Finance Magic Happens Here", ECHO has quickly entered into a period of rapid growth and expansion. For more information on ECHO Auto Finance, please visit our website at www.ECHOautofinance.com
Mr. Sandy Hum
Director of Marketing