EF Hutton Announces meggalife
Revolutionary Approach Builds Retirement Savings By Rewarding Users for Online Activity
SPRINGFIELD, Ohio, Nov. 1, 2017 /PRNewswire/ -- Megga Inc., a subsidiary of HUTN, Inc. (OTC: HUTN), today revealed the upcoming November launch of meggalifeTM, a groundbreaking suite of fun and useful online applications designed to help users accumulate assets for retirement and help America solve its retirement crisis.
Meggalife offers user a game-changing value proposition: a new way to save for their retirement through their everyday online activities, funded by advertising revenues. Meggalife apps are built to streamline and simplify the user experience, presenting the features that users want most.
Specifically, the Meggalife platform awards points to users – similar to those awarded by airlines and credit cards — as they engage in online activities. Every time a user utilizes meggalife applications, such as searching the internet, listening to music, or sharing messages, photos and videos with friends and family, and engage in other meggalife online activities, they will be earning points toward their retirement. It's like a frequent-flyer program for financial security. The advertising revenues generated by meggalife are deposited into Megga Trust, an affiliated entity that is overseen by independent third-party trustees which will invest the revenues in a fund that is advised by EF Hutton Investments LLC, subsidiary of HUTN, Inc. Users may redeem their points at age 68 to bolster their income for retirement. Meggalife also will reward top points earners with exclusive prizes, contests, and content.
"Meggalife is designed to help users effortlessly and easily build a nest egg for retirement, simply by engaging in their daily online activities," said Christopher Daniels, President of Megga, Inc., and CEO of HUTN, Inc. "HUTN, Inc. is focused on enhancing the lives and financial security of individuals and families. Why shouldn't the users who spend hours each day engaged in online activities reap their fair share of the financial rewards, rather than being used to enrich internet company investors and executives?"
November 1st is a historic date for technology revolutions," stated Daniels. "On this day in 1994, Amazon's domain name was registered, transforming the way consumers shop online. In 1998, the first handheld, global satellite phone system was launched, transforming the way people communicate. November 1, 2017, will be remembered as the day Meggalife led the user-focused internet revolution by harnessing technology to help users gain financial freedom."
This new approach has wide appeal because it benefits many people, but it may be particularly valuable to the roughly 220 million Americans who have little or no retirement savings. Meggalife may be especially relevant for younger people who have grown up with the internet and social media as major fixtures in their lives, but may not enjoy the financial security of previous generations. According to the National Institute on Retirement Security, 65 percent of working households are far behind on retirement savings, and the median retirement account is less than $10,000 for all working-age households1. Furthermore, Social Security is expected to deplete its funding by 20342, likely necessitating cuts to Social Security payments and creating financial hardships for those without adequate retirement assets.
"We believe that private sector models for tackling the retirement funding gap are desperately needed to serve the millions of Americans who need help in achieving their retirement dreams," Daniels added. "Moreover, as a nation, we are facing a trillion-dollar gap in retirement funding and potential shortfalls in the Social Security Trust Fund. This is a national emergency, and it will only get harder to fix the longer Washington waits to act."
Pre-registration is free at www.meggalife.com. The first 25,000 to pre-register for Meggalife will have an opportunity to win $1,000,000. Terms and conditions apply. See website for details.
About Meggalife and EF Hutton
Meggalife is offered by Megga Inc. Megga Inc. and EF Hutton are both subsidiaries of HUTN Inc. EF Hutton Investments LLC intends to be a leader in digital finance and investment services, and a brand that has been known for innovation for more than 110 years. HUTN, Inc., the parent company stock is traded under the symbol HUTN. Learn more at www.efhutton.com. Not all individuals may be eligible to participate in the Meggalife suite of products. For a complete set of terms and conditions governing participation in Meggalife, eligibility, relevant privacy policies, fees and more, visit www.meggalife.com.
Participants in Meggalife must join the Beanstalk Club investment club to accumulate points in the 401(k). Membership in the Beanstalk Club is offered subject to the Terms and Conditions which are available at www.meggalife.com. Beanstalk Club assets are held in trust overseen by independent, third party trustees. EF Hutton Investments, LLC is the SEC registered investment adviser to the trust and collects fees for its services. An individual's participation, or continued participation in the Beanstalk Club and Meggalife is expressly conditioned on the individual's compliance with all applicable Terms and Conditions. Points earned through use of the Meggalife platform have no cash value and are not exchangeable and remain the property of Megga Inc. until redemption by the user at user at age 68.
For more information on Meggalife, the Beanstalk Club, or any other material contained in this Press Release, including a complete set of Terms and Conditions, please visit www.meggalife.com.
Cautionary Note Regarding Forward-Looking Statements. Certain statements contained in this press release that are not historical facts may constitute "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Megga and meggalife are tradenames of Megga Inc.
1 Source: National Institute on Retirement Security. http://www.nirsonline.org/index.php?option=com_content&task=view&id=768&Itemid=48
2 Source: Social Security Board of Trustees report 2016. https://www.ssa.gov/OACT/TRSUM/index.html
SOURCE Megga Inc.
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