FastFunds Financial Corporation Subsidiary Cannabis Angel and SinglePoint, Inc. Announce Agreement
February 04 2014 - 8:00AM
Marketwired
WEST PALM BEACH, FL and PHOENIX,
AZ -(Marketwired - February 04, 2014) -
FastFunds Financial Corporation ("FastFunds" or the "Company")
(OTCQB: FFFC) 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, and SinglePoint, Inc., a
state-of-the-art mobile technology company and full-service mobile
marketing agency, announced today they have signed an agreement for
Cannabis Angel to provide general management consulting services
and financing recommendations regarding SinglePoint's recently
announced initiative; a mobile payment system for use by cannabis
dispensaries at the point-of-sale.
SinglePoint also provides text message marketing and
notifications. This will enable cannabis establishments to send out
text messages informing their clients of the latest inventory and
new products or services. Within this technology cannabis stores
will be able to market goods and products to a targeted customer
base providing a unique advertising platform given other forms of
advertising can be extremely curtailed by statutes in many
jurisdictions. For an example text WEED to 37284. For further
details, see SinglePoint's press dated January 31, 2014 for more
information on the company and their exciting new product.
Henry Fong, Chief Executive Officer of FastFunds and Cannabis
Angel, stated, "We are excited to be working with SinglePoint to
help them develop their business including their potentially
game-changing mobile payment system for cannabis dispensaries."
Greg Lambrecht, President of SinglePoint said, "We are very
excited to be preparing our mobile payment product for use by the
cannabis industry and believe Cannabis Angel can help us reach our
goals both for potential financing as well as business
development."
About SinglePoint,
Inc.
Headquartered in Phoenix, AZ, SinglePoint, Inc. is a
state-of-the-art mobile technology company and full-service mobile
marketing agency. We operate a best-in-class mobile commerce and
communication platform specifically designed to serve the needs of
the non-profit community as well as for profit companies. We make
any campaign instantly interactive via the mobile phone. This
functionality allows our clients to conduct business transactions,
accept donations and engage in targeted communication campaigns
with their customers/donors through any mobile devices. Send more
messages, create more awareness, and raise revenues and
donations.
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;
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.
For Further
Information Contact: FastFunds Financial Corporation & Cannabis
Angel, Inc. Henry Fong, Chairman & CEO561-514-9042SinglePoint,
Inc. Greg Lambrecht, President 855-711-2009