FASTFUNDS FINANCIAL ANNOUNCES ACHIEVEMENT OF POSITIVE CASH FLOW
FOR BRAWNSTONE SECURITY, INC. DURING THE FOURTH QUARTER AND
OUTLINES ADDITIONAL GROWTH PLANS
WEST PALM BEACH, FL -- January 21, 2016 -- InvestorsHub
NewsWire -- FastFunds Financial Corporation (OTCPK: FFFC) (the
Company or FastFunds) announced today that its security unit,
Brawnstone Security CO, Inc. (Brawnstone) reached positive cash
flow on an unaudited basis during the fourth quarter of 2015. The
implemented margin enhancements and cost-cutting initiatives were
realized, and these efforts will be on a continuing basis as the
Company moves forward. In addition, in our last press release on
this subject, we indicated the Company was on a run rate to reach
$750,000 in revenue during 2015. The Company has exceeded these
expectations and the 2015 revenues were approximately $796,000. All
of these figures are on an unaudited basis.
The Companys growth plans for 2016 will include significant
focus on development of its current online educational operations.
The Company currently operates through 3 active websites:
These online operations offer training courses and certain types
of accreditation for professionals. We have plans underway to
extend these course offerings to areas including accreditation for
professionals in the cannabis industry, including hydroponic
growing. There are plans to expand course offerings in the tactical
training area with the addition of a course titled, Shoot, Run, and
Hide. This course will contain instructional subjects on actions to
take in the event of a mass shooting; which has become an area of
increasing concern for individuals and institutions given the
tragic events of 2015. The target market for this course will
include hospitals, schools, and government and municipal
agencies.
"We are very pleased that our cost cutting and financial
enhancement initiatives announced earlier this year have been
successfully implemented and were evident in the fourth quarter,"
commented FastFunds Chief Executive Officer, Henry Fong. "We intend
to continue working to improve Brawnstones business model in 2016
and are excited at the opportunities to build on the solid
foundation we have created so far; especially the offering of an
online training course addressing Shoot, Run & Hide that has
been a popular topic in the media of late."
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
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Henry Fong, CEO
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561-514-9042
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