FNDS3000 Corp Announces Addition of Ernst Schoenbaechler to Board of Directors
July 17 2008 - 6:00AM
PR Newswire (US)
PONTE VEDRA BEACH, Fla., July 17 /PRNewswire-FirstCall/ -- FNDS3000
Corp. (OTC:FDTC) (BULLETIN BOARD: FDTC) (Frankfurt: "FT4," A0MWLG)
is announcing a shareholder update. FNDS3000 Corp has added Ernst
Schoenbaechler to its Board of Directors. Ernst Schoenbaechler has
over 38 years of experience in the banking industry. As a senior
manager he was responsible for capital market business, securities,
foreign exchange and money markets where he positioned Bankers
Trust AG, Zurich, in the Swiss Capital Markets. In 1985 he founded
his own finance company in Pfaeffikon, Switzerland, with
subsidiaries in Canada and Luxemburg and became a pioneer in the
then booming primary capital markets focused on trading for Asian
borrowers. Later, his company concentrated more on venture capital
deals and private placements. Since 2004, he has been an
independent financial consultant working with various public
companies. Mr. Schoenbaechler has also held (management) positions
at Credit Suisse, Clariden Bank, UBS, Citibank and Manufacturers
Hanover Trust. David Fann, President of FNDS3000 stated, "We are
pleased to announce that Mr. Schoenbaechler has joined our Board of
Directors. As a consultant to the company, Mr. Schoenbaechler has
been instrumental in the business development and growth of
FNDS3000. His background in the banking industry will assist us in
identifying additional business strategies on a global basis. We
welcome his experience and assistance as we continue executing on
our business strategies." About FNDS3000 Corp FNDS3000 Corp is a
financial services company providing prepaid card and merchant
processing solutions. We provide prepaid cards to a market with
over 1 Billion individuals worldwide who do not have bank accounts,
estimated at over $100 Billion in annual revenue. Our products
allow employers to replace payroll checks for all workers. In
addition, employers can use our products in lieu of cash to pay
employees -- this may be greater than 50% of the worldwide working
population. Domestic and international sharing of money, similar to
Western Union(TM), is a key feature of our solution. This market is
estimated to be over $100 Billion annually. Many of our products
carry worldwide brand marks and can be used anywhere in the world
that accepts those brands. Other services include gift cards, bill
pay, prepaid cellular and other prepaid products. Our merchant
processing solutions provide comprehensive credit, debit, and check
card payment programs. We are dedicated to the service and
profitability of our merchants. The combination of card issuing and
merchant processing enables FNDS3000 to provide turnkey financial
transaction solutions to virtually any market worldwide. 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. DATASOURCE: FNDS3000 Corp. CONTACT: David Fann,
President, FNDS3000 Corp., +1-904-273-2702, Web site:
http://www.fnds3000.com/
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