FastFunds Financial Corporation Announces Formation of Subsidiary to Provide Early Stage Funding to Cannabis-Related Projects...
January 22 2014 - 8:00AM
Marketwired
WEST PALM BEACH,
FL-(Marketwired - January 22, 2014) - FastFunds
Financial Corporation (OTCQB: FFFC) announced today it has formed a
new wholly-owned subsidiary, Cannabis Angel, Inc., whose purpose is
to assist and provide angel funding, business development and
consulting services to Cannabis related projects and ancillary
ventures.
The Company will not be providing financing or consulting work
for business activities that are involved in the growing or
distribution of legal medical or recreational marijuana operations
in those States in which they are allowed. The Company intends to
work with ventures that do not directly violate any current Federal
Laws, but rather are ancillary businesses that work within the
industry.
The Company also announced that it has entered into an agreement
with a Minneapolis-based private equity fund to provide financing
for agreed upon projects.
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