SOURCE: FastFunds Financial Corp.

October 25, 2013 09:00 ET

FastFunds Financial Subsidiary Financiera Moderna Announces Plans to Develop Mortgage Products for the Spanish Speaking Consumer

WEST PALM BEACH, FL --(Marketwired - October 25, 2013) - FastFunds Financial Corporation (OTCQB: FFFC) announced today that its majority owned subsidiary Financiera Moderna (FM), is developing a line of mortgage products targeted specifically to the Spanish speaking consumer. One of the primary goals is development and marketing of mortgage products that will accommodate the credit qualification profile of the Spanish speaking consumer.

The Company is currently in discussions with a mortgage banking group that would include forming a Spanish branded mortgage division. At this time, there have been no agreements or understandings reached.

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