FastFunds Financial Corporation and Subsidiary Cannabis Angel, Inc. Issue Shareholder Update on Recent Corporate Developments
July 02 2014 - 10:00AM
Marketwired
FastFunds Financial Corporation and Subsidiary Cannabis Angel, Inc.
Issue Shareholder Update on Recent Corporate Developments
WEST PALM BEACH,
FL--(Marketwired - July 02, 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 issue a
shareholder update on the following corporate developments.
New Business
Opportunities
The Company is currently conducting extensive due-diligence on
several industry related acquisition opportunities. The
Company's goal is to focus on completing acquisitions of
operational entities that when combined as wholly-owned
subsidiaries of the Company will contribute significant shareholder
value. The acquisition targets are focused primarily towards
ancillary services that will enrich the on-going developments
currently taking place within the cannabis industry. These
market segments include staffing services, security services and
original digital media production. We anticipate these
developments to culminate in the near future, at which point,
further announcements will be made to our shareholders and to the
investment community at large.
Addition of Original
Video Content on CannabisLive
Several of the Company's representatives recently attended the
Cannabis Business Summit hosted at the Denver Convention Center on
June 24th and 25th. The Company's representatives were given
press credentials in order to film interviews within the exhibit
hall and speaker discussion forums. The Company invites its
shareholders to visit the CannabisLive area of the
GreenEnergyMedia.TV website to see its coverage of the
event.
http://www.GreenEnergyMedia.TV/Cannabis-Live/
The Company was pleased to have attended the Summit and looks
forward to securing partnerships that were proposed amongst several
third-party companies that were also present. The Company
believes that these partnerships and strategic co-marketing
alliances could add value to several of the initiatives currently
being pursued.
Balance Sheet
Restructuring
Over the next several weeks, the Company will be focused on
restructuring its balance sheet pertaining to liabilities and
outstanding debts. Given the Company's initiative in
completing several key strategic acquisitions, this process is
necessary as to transition into a structure that's beneficial to
all parties. The Company is diligently working with members of
its staff and outside counsel to complete these tasks in a timely
fashion. Shareholders of the Company can expect to receive
additional updates as to these developments in the coming
weeks.
About FastFunds Financial Corporation FastFunds Financial
Corporation is a holding company that is publicly traded on the
Pink Sheets 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 FongChairman and
Chief Executive OfficerPhone: (561) 514-9042