FundsTech Corp Announces Name Change to FNDS3000 Corp, and New Stock Trading Symbol (OTC Bulletin Board: FDTC)
March 28 2008 - 6:00AM
PR Newswire (US)
PONTE VEDRA BEACH, Fla., March 28 /PRNewswire-FirstCall/ --
FNDS3000 Corp (OTC:FDTC) (BULLETIN BOARD: FDTC) (Frankfurt: "FT4,"
A0MWLG) has announced that it has been assigned a new stock trading
symbol, FDTC.OB, effective as of the open of trading today. The
ticker symbol change follows the change in the company's name from
FundsTech Corp (OTC:FNDS) (BULLETIN BOARD: FNDS) , to FNDS3000 Corp
(OTC:FDTC) (BULLETIN BOARD: FDTC) . Michael Dodak, CEO of FundsTech
stated, "The FNDS3000 brand will be the premier international brand
for the distribution of our products including our payroll, money
transfer and gift card programs, and FNDS3000 will focus its
efforts on the promotion and protection of the FNDS3000 brand and
the expansion of its use by our strategic partners, financial
institutions and other entities in a variety of applications
worldwide." In addition to the name change, the website will change
from http://www.fundstech.com/ to http://www.fnds3000.com/. About
FNDS3000 Corp FNDS3000 Corp is a financial services company that
provides prepaid and debit cards to the over 1 billion working
population worldwide who do not have a bank account. This market is
estimated at over $100 billion on an annual basis. The industry
average revenue for prepaid payroll cards is $12.00 per month per
card. Our payroll card product allows the employer to replace
payroll checks for their un-banked and other workers. In addition,
it allows employers to use the card where they now have to pay
their employees in cash, which is estimated to be over 50% of the
worldwide working population. Our cards allows for domestic and
international money transfer, providing an inexpensive, safe and
secure alternative to traditional money transfer companies like
Western Union(R) and MoneyGram(R), a market estimated to be over
$100 billion annually. Our suite of card products can be used at
millions of retailers and ATM's on a worldwide basis. Other
services include gift cards, bill pay, prepaid cellular, etc.
Matters discussed in this press release contain forward looking
statements as defined under the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward
looking statements involve risk and uncertainties, which could
significantly impact the actual results, performance or
achievements of the Company. Such risks and uncertainties include,
but are limited to, the time frame for production of revenue,
product development and commercial introduction, the impact of
rapid price and technological change and competition, manufacturing
and supply uncertainties and other risks as may be detailed from
time to time in the Company's periodic reports filed with the
Securities & Exchange Commission. Contact: David Fann President
FNDS3000 Corp 904-273-2702 http://www.fnds3000.com/ DATASOURCE:
FundsTech Corp CONTACT: David Fann, President of FNDS3000 Corp,
+1-904-273-2702, Web site: http://www.fundstech.com/
http://www.fnds3000.com/
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