SOURCE: FastFunds Financial Corp.

June 18, 2012 07:00 ET

FastFunds Financial Corporation Announces 3:1 Stock Dividend for Shareholders of Record as of June 18, 2012

WEST PALM BEACH, FL--(Marketwire - Jun 18, 2012) - FastFunds Financial Corporation (OTCBB: FFFC).

As reported on the Company's Current Report on Form 8-K filed on June 11, 2012; the Board of Directors, on June 5th, 2012, unanimously approved a dividend whereby the shareholders of FastFunds Financial Corporation (the "Company") would receive a dividend payable as a three for one (3:1) forward split of the issued and outstanding shares of the common stock (the "Dividend Shares") of the Company.

The record date for shareholders to receive the Dividend Shares is June 18, 2012. The effective date and the payment date are subject to approval by the Financial Industry Regulatory Agency ("FINRA"). The Company will release additional information as soon as it is available from FINRA.

Barry Hollander, Acting President of the Company, stated, "The stock dividend is intended to lay the groundwork for the growth of our Company, allowing us to continue our ongoing efforts to improve trading liquidity, broaden ownership, promote capital investment for acquisitions and enhance shareholder value. As we reported on our Current Report on Form 8-K, filed on May 31, 2012 we recently acquired Carbon Capture USA, Inc. The Carbon acquisition is our first step in the Company's plan for diversification into several business segments including consumer products, natural resources and technology."

Contact Information

  • For Further Information Contact:
    Henry Fong