SOURCE: FastFunds Financial Corp.

FastFunds Financial Corp.

April 10, 2014 10:00 ET

FastFunds Financial Corporation Updates Recent Activities of Cannabis Angel Subsidiary and Partners

WEST PALM BEACH, FL--(Marketwired - April 10, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (PINKSHEETS: FFFC) and its wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, provide the following updates regarding it recent business activities.

Worldwide Marijuana Investments, Inc. ("WMII")
The Company's collaboration to date with WMII has resulted in several business opportunities that the companies are jointly pursuing. The experience to date is highly positive and the Company believes the WMII business model will be beneficial to its activities.

Cannabis Merchant Financial Solutions ("CMFS")
Based on a recent marketing trip to Colorado, CMFS President, Kurt Martig, reports that at this time there are no major banks or processors targeting the cannabis industry in Colorado. In order to take advantage of this opportunity, the Company is evaluating the feasibility of implementing a call center model. This envisions a continuous telemarketing call center model approach offering ATM services, potential credit card processing, a smart card prepaid debt rewards card, and money availability to new and current businesses in the Cannabis Industry. A mailer will be sent to the business owner in advance of a call followed by attempts to close the business over the phone. Plans will then be made to meet with clients when necessary to obtain contracts.

The CMFS smart card offering will be a big part of this project's success. It complements the credit card processing debit card ACH solution and ATM services the companies are planning to add. CMFS is branding its card, "The Green Card", to give it identity with the cannabis marketplace. The companies believe that by offering multiple products, CMFS can position itself to gain business through established relationships as more products and services become available.
The Company looks forward to providing regular updates in the coming weeks ahead.

About Cannabis Merchant Financial Solutions, Inc.
CMFS, located in Centennial, Colorado and Chaska, Minnesota, is dedicated to providing creative financial solutions for the cannabis industry. For more information, please visit the website: www.cannabismerchantfinancialsolutions.com

About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the PINKSHEETS 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; and recently announced the formation of Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects.

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:
    FastFunds Financial Corporation & Cannabis Angel, Inc.
    Henry Fong
    Chairman & CEO
    561-514-9042