PONTE VEDRA BEACH, Fla., Dec. 5 /PRNewswire-FirstCall/ -- FNDS3000 Corp (OTC:FDTC) (BULLETIN BOARD: FDTC) (Frankfurt: "FT4," A0MWLG) today announced that it entered into an amended and restated note purchase agreement on December 1, 2008 in the principal amount of $1,000,000, increasing the original note which was $320,000. The Company also entered into a Securities Purchase Agreement ("SPA") pursuant to which an investor has agreed to purchase 8,000,000 shares of common stock and a warrant to purchase 30% of the issued and outstanding shares of the Company on a fully diluted basis (the "Warrant") at an exercise price of $0.35 per share. The purchase price for the Shares and the Warrant is $2,000,000. Michael J. Dodak, Chairman and Chief Executive Officer of FNDS3000 Corp, stated: "We have been searching for an opportunity to partner with an investor to provide sufficient capital to fund our operations until we reached a cash flow positive position in 2009. We are pleased that in this extraordinary credit environment we have a good prospect of securing financing well into next year at a very reasonable cost. The ability to acquire funding at this stage in the Company's development will provide a confidence boost for our customers, vendors and investors. The cash infusion provides us with resources and capabilities to enhance and optimize our present capability to execute the next phase of the Company's growth as we continue the roll out of our prepaid debit cards in South Africa." The Securities Purchase Agreement for the equity financing is expected to close by January 5, 2009, subject to certain conditions, including, but not limited to, completion of satisfactory due diligence and other customary conditions. A copy of the Letter of Intent will be filed by the Company on Form 8-K, which will be available on the Company's website in the SEC filings section. About FNDS3000 Corp: FNDS3000 Corp (OTCBB: FDTC) (Frankfurt: "FT4," A0MWLG) 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. 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 Corp to provide turnkey financial transaction solutions to virtually any market worldwide. Forward Looking Statements 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 not limited to, the potential loss of our relationships with each of the parties that sponsor our cards and banks that manufacture, issue, and own the debit cards; the loss of our service providers; security breaches of our electronic information; the inability to raise sufficient capital to fund its operations; and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise its forward looking statements even if experience or future events make it clear that any of the projected results expressed or implied herein will not be realized. 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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