FastFunds Financial Corporation and Subsidiary Cannabis Angel Announce Acquisition of Green Information Systems, Inc., Its Do...
February 26 2014 - 8:15AM
Marketwired
WEST PALM BEACH,
FL-(Marketwired - February 26, 2014) -
FastFunds Financial Corporation ("FastFunds" or the "Company")
(OTCQB: 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, announced today that
it has signed a definitive agreement to acquire 100% of the assets
and certain liabilities of Green Information Systems, Inc.,
including its domain portfolio. The portfolio includes
GreenEnergyTV.com a five year old website that recently focused on
principally green energy issues. Cannabis Angel plans to redevelop,
rebrand and promote the GreenEnergyTV.com website throughout
several online media channels with a focus on the marijuana
industry.
After its relaunch, GreenEnergyTV.com will act as a social media
hub for all aspects of the ever-developing marijuana industry.
Given that the marijuana industry has evolved significantly over
the last few months, after its relaunch, the website will act as an
interactive informational portal that will connect all major social
media outlets in one place. Over the next 60 days,
GreenEnergyTV.com will be redeveloped to include interactive media
news feeds, video channels, and social media sharing
capabilities.
FastFunds, through its wholly-owned subsidiary Cannabis Angel,
will look to capitalize on this multi-billion dollar market by
allowing industry participants to communicate and share information
pertaining to the marijuana industry, in real-time. Over the next
several months, the relaunched website will build on this
interactive platform by including an e-commerce marketplace to
allow industry related merchants to showcase and sell their
products and services through this online media platform. The
Marketplace will allow merchants to connect their existing shopping
cart, or build new electronic storefronts to showcase their
products. The relaunched website intends to offer several
subscription-based payment models that will suit each of its
Marketplace customers based on their sales volumes and active
product listings.
FastFunds will focus its efforts and resources on redeveloping
the GreenEnergyTV.com brand to become a significant online social
media property that will attract the attention of third party
endorsements and sponsorships relating to the marijuana
industry.
Through existing online social media outlets, such as Facebook,
Twitter and YouTube, GreenEnergyTV.com will work towards building
its base of followers amongst these outlets. FastFunds is presently
developing plans to launch a viral online marketing campaign to
attract further interest to the GreenEnergyTV.com brand.
FastFunds Financial Corp. shareholders can look forward to
receiving additional information and updates in the weeks to come
pertaining to the development and launch of GreenEnergyTV.com.
Henry Fong, Chief Executive Officer of FastFunds and Cannabis
Angel, stated, "We are excited about building this social medium in
this quickly growing industry and believe this website will be a
highly useful focal point to provide information and user derived
social media related to the marijuana industry."
Completion of all document and closing for this transaction is
currently set to be completed no later than March 21, 2014.
About FastFunds
Financial CorporationFastFunds 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 STATEMENTSThis 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 FongChairman & CEO561-514-9042