FASTFUNDS FINANCIAL CORPORATION PROVIDES UPDATE FOR SUBSIDIARY
BRAWNSTONE SECURITY
WEST PALM BEACH, FL -- September 14, 2015 -- InvestorsHub
NewsWire -- FastFunds Financial Corporation (OTCPK:
FFFC) (the Company or FastFunds) is pleased to provide the
following updates for its operating subsidiary, Brawnstone Security
(Brawnstone) based in Canton, Ohio.
1. Revenue Enhancement and Gross Margin Stabilization.
Unaudited revenues year to date for Brawnstone have stabilized at
approximately $64,000 per month totaling approximately $512,000 as
of August 31, 2015. The Company has been aggressively working on
gross margin enhancement and expense reductions and will be
reporting these in greater detail in the forthcoming Quarterly
Report on Form 10-Q for the three and nine months ended September
30, 2015.
2. Security Marketing Plan for Upcoming Ohio Cannabis
Vote. Favorable polling in Ohio currently indicates the
potential passage of legalization for both medical and recreational
marijuana use in that State. Recreational use has already been
legalized in Colorado, Washington, Oregon Alaska and Washington,
D.C. Brawnstone has begun development of its roll-out plan for
offering security services in the event of passage in the companys
home state of Ohio. Further updates will be available as these
plans move forward in conjunction with the Ohio vote.
About FastFunds Financial Corporation
FastFunds Financial Corporation ("FastFunds" or the "Company")
is a holding company that is publicly traded on the OTC Pink
exchange, under the symbol "FFFC." Through its wholly-owned
subsidiaries, Cannabis Angel, Inc. and The 420 Development
Corporation, the Company is focused on acquiring and building a
portfolio of revenue producing companies that provide ancillary
services to the cannabis industry. FastFunds does not engage in
activities that violate Federal laws.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the companys progress, business
opportunities and growth prospects, they are based on managements
current beliefs and assumptions as to future events. However, since
the companys operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
CONTACTS:
FastFunds Financial Corporation
|
|
Henry Fong, CEO
|
|
561-514-9042
|
|