FastFunds Financial Corporation Announces the Closing of Revenue Producing Security Company With Government and State Affilia...
July 24 2014 - 10:00AM
FastFunds Financial Corporation ("FastFunds" or the "Company") (OTC
Pink:FFFC) and its wholly-owned subsidiaries, Cannabis Angel, Inc.,
and The 420 Development Corporation, announce the closing of the
Brawnstone Security, LLC ("Brawnstone") acquisition. Brawnstone is
a licensed armed security, private investigation, security
technology solution provider and tactical training company
servicing active accounts with several Government affiliated HUD
housing establishments, schools, and industrial facilities across
the Ohio region. The unaudited financial statements furnished by
Brawnstone, and based on management's opinion, show a projected
revenue run rate exceeding $1 million for 2014.
Additional information pertaining to Brawnstone can be found on
their websites at:
http://www.brawnstone.com/
http://www.urbancombatacademy.com/
The Company is pleased to announce that all requirements of the
due-diligence process have been met, and therefore the closing of
this transaction has been finalized. The Company would like to
extend its utmost gratitude to the management and staff of
Brawnstone for working diligently to complete this transaction in a
timely fashion.
As previously mentioned in a July 22, 2014 press release,
management and staff of the Company are working towards
transitioning part of Brawnstone's existing marketing efforts
towards securing a client base within the cannabis
industry. Over the next several years, as legalization takes
effect in several other States, the Company hopes to position
itself as a major competitor within the industry by offering
solutions to businesses competing within the cannabis industry,
such as armed security and asset protection. Details of this
planned roll out will be released to shareholders of the Company in
the coming weeks as developments materialize.
"We are pleased to have completed the acquisition of
Brawnstone. The closing of this transaction brings us one step
closer to realizing our vision behind the formation of The 420
Development Corporation. Our positioning and strategy moving
forward as a going concern demonstrates our ability to maximize
shareholder value. Our goal in continuing to acquire
operational, revenue producing companies with sustainable long-term
business models, and transitioning their existing operations and
marketing efforts towards the cannabis industry, will solidify our
position within this space for years to come. The vertical
markets that we are concentrating on are necessary components to
all businesses competing within the cannabis market, and the
completion of the Brawnstone acquisition will leverage our ability
to move forward and capture a controlling interest in companies
that fit our core areas of focus," commented Mr. Henry Fong,
President and CEO of FastFunds Financial Corporation.
"We are excited to have completed this transaction with
FastFunds. Being part of a public company will provide us the
financing we need to grow our existing business and also compete
within the cannabis industry. We've built a solid business
with leading industry professionals being part of our team. We
look forward to working with the management and staff of FastFunds
to capitalize on these tremendous opportunities moving forward,"
commented Mr. Daniel Unsworth, President and Founder of Brawnstone
Security, LLC.
Shareholders of the Company can expect to receive regular
updates pertaining to these and other developments in the coming
weeks.
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is
publicly traded on the Pink Sheets exchange, under the symbol
"FFFC." The Company currently operates in the financial services
industry segment with a single credit card services portfolio. The
Company is currently seeking new business opportunities to
diversify and complement its current services and products, to
enhance its technical capabilities and to offer growth
opportunities to its stockholders. The Company recently
announced the formation of Cannabis Angel, Inc., a company involved
in providing financing alternatives, corporate finance and general
management consulting services to early-stage cannabis companies
and related ventures. Most recently, the Company developed and
launched GreenEnergyMedia.TV. This new website acts as an
interactive social media hub that caters exclusively to providing
the medical and recreational marijuana communities with access to
several hundred news and social media feeds in real-time.
FORWARD-LOOKING STATEMENTS
This news release may include "forward-looking statements"
regarding FastFunds Financial Corporation, and its subsidiaries,
business and project plans. Such forward-looking statements are
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and section 21E of the United States Securities and
Exchange Act of 1934, as amended, and are intended to be covered by
the safe harbor created by such sections. Where FastFunds Financial
Corporation expresses or implies an expectation or belief as to
future events or results, such expectation or belief is believed to
have a reasonable basis. However, forward-looking statements are
subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from future results
expressed, projected or implied by such forward-looking statements.
FastFunds Financial Corporation does not undertake any obligation
to update any forward-looking statement, except as required under
applicable law.
CONTACT: For Further Information Please Contact:
FastFunds Financial Corporation & Cannabis Angel, Inc.
Mr. Henry Fong
President and Chief Executive Officer
Phone: (561) 514-9042