Fastfunds Financial Corporation Subsidiary, Financiera Moderna, Announces Plans to Begin Marketing Affordable Care Act Compli...
November 14 2013 - 11:42AM
Marketwired
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.
For Further
Information Contact:Henry FongChairman561-514-9042