FastFunds Financial Corporation Updates Recent Activities of Cannabis Angel Subsidiary and Partners
April 10 2014 - 10:00AM
Marketwired
FastFunds Financial Corporation Updates Recent Activities of
Cannabis Angel Subsidiary and Partners
WEST PALM BEACH,
FL--(Marketwired - April 10, 2014) - FastFunds
Financial Corporation ("FastFunds" or the "Company") (PINKSHEETS: 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,
provide the following updates regarding it recent business
activities.
Worldwide Marijuana
Investments, Inc. ("WMII") The Company's collaboration to
date with WMII has resulted in several business opportunities that
the companies are jointly pursuing. The experience to date is
highly positive and the Company believes the WMII business model
will be beneficial to its activities.
Cannabis Merchant
Financial Solutions ("CMFS") Based on a recent marketing
trip to Colorado, CMFS President, Kurt Martig, reports that at this
time there are no major banks or processors targeting the cannabis
industry in Colorado. In order to take advantage of this
opportunity, the Company is evaluating the feasibility of
implementing a call center model. This envisions a continuous
telemarketing call center model approach offering ATM services,
potential credit card processing, a smart card prepaid debt rewards
card, and money availability to new and current businesses in the
Cannabis Industry. A mailer will be sent to the business owner
in advance of a call followed by attempts to close the business
over the phone. Plans will then be made to meet with clients
when necessary to obtain contracts.
The CMFS smart card offering will be a big part of this
project's success. It complements the credit card processing debit
card ACH solution and ATM services the companies are planning to
add. CMFS is branding its card, "The Green Card", to give it
identity with the cannabis marketplace. The companies believe
that by offering multiple products, CMFS can position itself to
gain business through established relationships as more products
and services become available. The Company looks forward to
providing regular updates in the coming weeks ahead.
About Cannabis Merchant
Financial Solutions, Inc. CMFS, located in Centennial,
Colorado and Chaska, Minnesota, is dedicated to providing creative
financial solutions for the cannabis industry. For more
information, please visit the
website: www.cannabismerchantfinancialsolutions.com
About FastFunds
Financial Corporation FastFunds Financial Corporation is a
holding company that is publicly traded on the PINKSHEETS 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 FongChairman &
CEO561-514-9042