JACKSONVILLE, Fla.,
July 12 /PRNewswire-FirstCall/ --
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: "FT4," A0MWLG), an international
prepaid processing company currently introducing electronic payment
solutions to the South African market, today announced a series of
management changes and appointments designed to strengthen the
Company and position it for its next critical growth phase.
SOUTH AFRICA APPOINTMENTS
Robert Klein has been appointed
as President and Country CEO, South
Africa, responsible for leading the Company's South African
business operations. Starting October
2009, Klein was a consultant engaged to review mobile
banking platforms to be integrated into FNDS3000's system. His
remit quickly extended to key account management and customer
service. His success in these areas led to his becoming the
logical choice for assuming the key executive management role in
South Africa.
John Hancock, Chief Executive
Officer of FNDS3000, noted, "When we established our operations in
South Africa last year, we
recruited high quality talent from the global payment processing
industry to successfully navigate through our system development,
testing and production launch. Now that our business has
progressed to being fully operational, it became important to
establish in-country leadership that strengthens our operations
team, marketing and contract management expertise.
Consequently, we are very pleased to welcome Robert to
FNDS3000, who has fast proven to be an ideal complement to our
South Africa team."
Prior to FNDS3000, Klein served as Executive Director of
International Sports Media, Ltd., a digital media and content
provider owned by Raymond Goldsmith,
the Chairman of the Company, where he managed key industry
partnerships in North America,
Europe and Australasia. He
also spent six years with the Union of European Football
Associations (UEFA), the European governing body of the sport,
where he was responsible for creating and selling new media sports
rights for the organization in territories across the globe.
Prior to earning a Post Graduate Sports Marketing degree from
Edinburgh University, Klein graduated
from Bangor University with a BA honors degree in French.
FNDS3000 also effected several key staff appointments to support
Klein's efforts, including Kotie
Coetzee, who has been named Chief Operating Officer,
South Africa. In addition,
Lenus LeRoux became Head of
Operations, and Alex Braude was
named Chief Technology Officer.
Joining FNDS3000 in early 2009, Coetzee currently is a Director
of FNDS Tech (Pty) Ltd and appointed Public Officer for FNDS3000,
South Africa. With over two
decades experience in banking with emphasis in the South African
Card industry, Coetzee has held senior managerial roles at Nedbank,
Citibank and First National Bank.
LeRoux originally joined FNDS3000's South African operations in
early 2008 to oversee the subsidiary's Fraud and Compliance
division. As a member of the Association of Certified Fraud
Examiners and having served as Secretary of the International
Association of Financial Crime Investigators, he brought the
Company a wealth of financial fraud knowledge and experience.
His prior posts have included positions at Investec Bank,
CSC24Seven.com, Credit Card Services Company SAL, Nedbank and ABSA.
Responsible for managing all system development and overseeing
all internal and outsourced IT projects for the Company since 2008,
Braude brings FNDS3000 more than 25 years experience in the field
of Information Technology with several leading South African
companies, including IRT, Sable Data, Landis and Gyr.
Victoria Vaksman, Executive Vice
President, EMEA (Europe,
Middle East and Africa), continues to lead the FNDS3000
executive team on creating strategic alliances designed to generate
new growth opportunities for the Company in targeted developing
markets; as well as developing and managing key strategic
relationships with major customers, sponsoring banks and card
brands.
CORPORATE MANAGEMENT CHANGES
Joe Tumbarello, who has served as
FNDS3000's Chief Operating Officer since 2007, has elected to leave
the Company for a new career opportunity with Global Cash Card, a
valued FNDS3000 partner.
FNDS3000 has also formed three new management committees, whose
respective members will steer international business development
and manage corporate oversight, financial controls and
communications relating to its worldwide business activities.
Concluding, Hancock added, "The combined talent, experience and
dedication that can be found in our expanded leadership team are
immeasurable and should serve as powerful impetuses for helping
FNDS3000 achieve our most ambitious global growth objectives.
In closing, I'd like to acknowledge the valuable contribution
that Joe Tumbarello has made to our
Company over the past three years, whose diligent efforts on our
behalf have helped to solidify FNDS3000 emergence in the
international prepaid arena. We wish him the greatest success
in his new business venture."
About FNDS3000 Corp
Headquartered in the U.S. with operations in South Africa, FNDS3000 Corp is engaged in
executing a series of international growth initiatives designed to
position the Company as a major player in the world's fastest
growing payment card segment: prepaid cards. Given that 40%
of the adult population in South
Africa is currently unbanked or underbanked, FNDS3000's
initial focus has concentrated on offering tailored prepaid card
programs and services to business customers in this developing
prepaid market, including network branded and closed loop programs
that support employee payroll, insurance, medical aid, gift cards,
prepaid cellular charges and small-scale international transfer of
funds. The Company provides these programs and services through a
proven, proprietary U.S. processing platform that has been designed
for international and cross border capability. For more
information, please visit www.FNDS3000.com, or follow us on Twitter
@_FNDS3000.
Forward Looking Statements
Matters discussed in this press release contain forward
looking statements. 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 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.
SOURCE FNDS3000 Corp