SOURCE: FastFunds Financial Corp.

November 20, 2013 07:00 ET

FastFunds Financial Corporation and Subsidiary Financiera Moderna Announce Closing of Transaction for Marketing Support and Acquisition of Interests in Spanish Direct Sales Organization & Spanish Branded Real Estate Firm

WEST PALM BEACH, FL --(Marketwired - November 20, 2013) - FastFunds Financial Corporation (OTCQB: FFFC) announced today that its majority-owned subsidiary, Financiera Moderna, Inc. ("FM"), has closed the transaction previously announced on October 10, 2013 and November 12, 2013. This will give FFFC/FM an equity interest in a Spanish speaking direct sales organization and a Spanish branded real estate firm as well as giving FM the capability to market and develop products to the Spanish speaking marketplace.

Mr. Alfredo Rodriguez, Chief Executive Officer of FM said, "We are excited about this opportunity as it fills a big vacuum presently existing in the Spanish speaking community since it has been long known that this population group has been underserved in relation to financial products."

Mr. Rodriguez and Mr. Jayden Slentz, President of FM, are the controlling individuals of both marketing entities as well as officers of FM.

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