SOURCE: FastFunds Financial Corp.

November 14, 2013 07:00 ET

FastFunds Financial Corporation Subsidiary, Financiera Moderna, Announces Plans to Begin Marketing Affordable Care Act Compliant Health Insurance Plans

WEST PALM BEACH, FL--(Marketwired - November 14, 2013) - FastFunds Financial Corporation (OTCQB: FFFC) announced today that its majority-owned subsidiary, Financiera Moderna, Inc., has completed marketing plans through its affiliated insurance entity to market Affordable Care Act compliant health insurance plans. 

The affiliate insurance entity has signed a memorandum of understanding with an insurance provider that will provide an array of insurance plans through a variety of providers specifically addressing the needs of the Spanish speaking Texas consumer. The first phase of the marketing will involve distribution of service information packages to familiarize targeted consumers with the various health insurance options at the lowest possible costs that might be available to them. Targeted consumers will be advised of the various levels of subsidies, which in some cases could be up to 90%. In addition, the company will offer assistance to the consumer to navigate the healthcare.gov website. The marketing is expected to begin the week of November 18, 2013.

The service provider will oversee the technical implementation and integration of the enrollment under the Marketplace Directory also providing training to the insurance agents in the regulatory and compliance components under the Affordable Care Act. 

Mr. Alfredo Rodriguez, Chief Executive Officer of Financiera Moderna, said, "This is a unique historic business opportunity in being able to offer the benefits provided under the Affordable Care Act to a significant population that might not be able to be reached through regular programs or efforts. Meantime, we see an increase in awareness and desire to obtain more information regarding the Affordable Care Act by the Latino population that has been historically lacking of health insurance or medical insurance coverage."

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