FastFunds Financial Corp. & Subsidiary Cannabis Angel Announce the Official Launch of the GreenCard, the Only Pre-Paid Smart ...
June 19 2014 - 10:00AM
Marketwired
FastFunds Financial Corporation and Subsidiary Cannabis Angel
Announce the Official Launch of the GreenCard, the Only Pre-Paid
Smart Card Created Exclusively for the Cannabis Industry
WEST PALM BEACH,
FL--(Marketwired - June 19, 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,
are pleased to announce the official launch of the
GreenCard. Through the Company's 49% ownership in Cannabis
Merchant Financial Solutions, Inc., the GreenCard is the only
pre-paid smart card created exclusively for the cannabis
industry.
The GreenCard features advanced technology and enhanced security
measures that will alleviate several concerns currently being faced
by proprietors of medical and recreational cannabis
dispensaries. Being able to offer a solution in the
marketplace that will replace the cash-only component to the
cannabis industry will generate significant demand for the
GreenCard. The Company believes that the roll-out of the
GreenCard will contribute to maximizing shareholder value in the
years to come. As the cannabis industry evolves and other
States begin to legalize and decriminalize marijuana, the Company
will be positioned at the forefront as a leading financial
solutions provider catering exclusively to this developing
market.
Market research studies and analysis have shown that the
cannabis industry in the U.S. alone will be valued in excess of $9
billion by 2016. The Company expects that financial services
will play a significant role in how the industry evolves and
transitions into a mainstream segment of everyday
commerce. Retailers and consumers will demand the integration
of secure and scalable financial service platforms that will
process transactions in real-time and provide the convenience of
portability and extensibility for future growth.
The GreenCard also features the added benefit of positioning
cannabis retailers on the same level as large corporations by
allowing them to offer rewards to their customers. The
GreenCard provides cannabis retailers with turn-key functionality
that allows them to maximize the value of a loyal customer
base. One of the key components to staying competitive in any
industry is for businesses to recognize who their customers
are. The GreenCard offers cannabis retailers the opportunity
to integrate a customer loyalty and retention program that
incentivizes their customers by rewarding them with points when
making a purchase. The GreenCard allows cannabis merchants to
promote and encourage a recurring flow of business by retaining the
loyalty of their existing and future customer base.
The Company believes that recurring revenues can be derived from
its ownership in Cannabis Merchant Financial Solutions, Inc. and
its GreenCard. Given the thousands of transactions that take
place within the cannabis industry within retail environments on a
daily basis, processing and clearing fees are expected to
cumulatively multiply as the industry itself grows and matures in
the years to come. The Company invites its current and
prospective shareholders to view an introductory video pertaining
to the GreenCard on GreenEnergyMedia.TV's Cannabis Live by
following this link:
http://www.GreenEnergyMedia.TV/Cannabis-Live/
Shareholders of the Company can expect to receive regular
updates pertaining to ongoing developments of the GreenCard.
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is
publicly traded on the Pinksheets exchange, 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 its current services and products, to
enhance its technical capabilities and to offer growth
opportunities to its stockholders. The Company 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 related ventures. Most recently, the Company developed and
launched GreenEnergyMedia.TV. This new website acts as an
interactive social media hub that caters exclusively to providing
the medical and recreational marijuana communities with access to
several hundred news and social media feeds in real-time.
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 Please Contact: FastFunds Financial
Corporation & Cannabis Angel, Inc. Mr. Henry Fong Chairman and
Chief Executive Officer Phone: (561) 514-9042