The Americas Group Division of FNDS3000 Corp Increases Volume of Debit and Credit Processing by 9% in July
August 05 2008 - 6:00AM
PR Newswire (US)
PONTE VEDRA BEACH, Fla., Aug. 5 /PRNewswire/ -- FNDS3000 Corp (OTC
Bulletin Board: FDTC) (Frankfurt: "FT4," A0MWLG) announced that
through its recent acquisition and entree into the merchant
acquiring business that they have increased the monthly volume of
processed debit and credit transactions by 9% in the month of July,
in its first full month of operations after the acquisition, as
compared to the previous month of June. Victor Gerber, EVP of the
Americas and Global Acquiring commented, "The sales pipeline is
strong and we are certain our team of seasoned sales executives
will continue to grow our merchant portfolio domestically and
globally. Since the acquisition by FNDS3000, we are executing on
our strategy to line-extend already strong business relationships
with a robust suite of prepaid cards, Gateway processing, Capital
Funding, Electronic Funds Transfer and Point-of-Sale products." "We
knew we had a gem of a distribution channel. This type of
performance shows the capability of our new sales team. We believe
that as we introduce our global suite of products to the Americas
these professionals will continue to add high quality merchants to
grow our processing portfolio," said Michael Dodak, CEO of
FNDS3000. About FNDS3000 Corp FNDS3000 Corp is a financial
transaction processing company providing prepaid debit card and
merchant processing solutions. We provide prepaid debit 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, +1-904-273-2702, , or Joe McGuire, Chief Financial
Officer, +1-904-273-2702, , both of FNDS3000 Corp Web site:
http://www.fnds3000.com/
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