|By Marketwired .||
|June 10, 2014 10:00 AM EDT||
WEST PALM BEACH, FL--(Marketwired - June 10, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (OTCQB: FFFC) and its wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, are pleased to announce their planned upcoming enhancements and proposed product integrations pertaining to GreenEnergyMedia.TV's Marketplace. The Company plans to have the Beta Marketplace integrated for preliminary soft-launch within 90 days of this announcement in order to start accepting pre-launch user and vendor registrations.
As the Company strives to continuously build its GreenEnergyMedia.TV online presence, the following enhancements will provide the necessary platform to launch additional products and services that will maximize overall shareholder value.
In the weeks to come, the Company plans on implementing significant upgrades to the Marketplace area of the GreenEnergyMedia.TV website, including integration of its smart debit card payment and customer retention platform as well as several other financial solutions that cater to vendors within the cannabis industry offered by Cannabis Merchant Financial Solutions, Inc. Users and vendors of the Marketplace will have access to enhanced features commonly found on top-tier auction websites that include real-time product listings, live bidding, instant purchase functionality and turn-key payment processing. GreenEnergyMedia.TV's Marketplace will allow users to post items for sale or auction through an interactive online interface, directly targeting vendors and consumers within the cannabis industry. The Company anticipates future revenues to be generated through product listing and auction settlement fees including sponsorship and endorsement revenue within select product listing categories.
As the cannabis industry continues to experience exponential growth, GreenEnergyMedia.TV's Marketplace will act as a platform that will allow vendors from within the industry to list their products for sale or auction to a targeted audience of prospective purchasers.
New technologies pertaining to cultivation and energy efficiency are being released on a daily basis and are core elements of the future of the cannabis industry. Existing and developmental stage companies within the industry will look to market their products to a targeted group of buyers. In a recent Gallop study, the medical marijuana market in the U.S. alone is expected to surpass the $9 billion mark by 2016. The Company looks to capture a portion of this market by developing products and services that are marketable to prospective customers within this multi-faceted industry.
Current and future shareholders of the Company can expect to receive timely updates as additional features are developed and integrated into the GreenEnergyMedia.TV website.
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the OTCQB 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.
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.
For Further Information Please Contact:
FastFunds Financial Corporation & Cannabis Angel, Inc.
Mr. Henry Fong
Chairman and Chief Executive Officer
Phone: (561) 514-9042