SOURCE: FastFunds Financial Corp.

FastFunds Financial Corporation

January 22, 2014 08:00 ET

FastFunds Financial Corporation Announces Formation of Subsidiary to Provide Early Stage Funding to Cannabis-Related Projects

WEST PALM BEACH, FL--(Marketwired - January 22, 2014) - FastFunds Financial Corporation (OTCQB: FFFC) announced today it has formed a new wholly-owned subsidiary, Cannabis Angel, Inc., whose purpose is to assist and provide angel funding, business development and consulting services to Cannabis related projects and ancillary ventures. 

The Company will not be providing financing or consulting work for business activities that are involved in the growing or distribution of legal medical or recreational marijuana operations in those States in which they are allowed. The Company intends to work with ventures that do not directly violate any current Federal Laws, but rather are ancillary businesses that work within the industry. 

The Company also announced that it has entered into an agreement with a Minneapolis-based private equity fund to provide financing for agreed upon projects.

About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Over-the-Counter QB under the symbol "FFFC." The Company currently operates in the financial services industry segment with a single credit card services portfolio. The Company is currently seeking new business opportunities to diversify and complement our current services and products, enhance our technical capabilities and offer growth opportunities for our stockholders.

FORWARD-LOOKING STATEMENTS
This news release may include "forward-looking statements" regarding FastFunds Financial Corporation, and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where FastFunds Financial Corporation expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. FastFunds Financial Corporation does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact Information

  • For Further Information Contact:
    Henry Fong
    Chairman
    561-514-9042