|By Marketwired .||
|June 19, 2014 10:00 AM EDT||
WEST PALM BEACH, FL--(Marketwired - June 19, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (PINKSHEETS: 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 the official launch of the GreenCard. Through the Company's 49% ownership in Cannabis Merchant Financial Solutions, Inc., the GreenCard is the only pre-paid smart card created exclusively for the cannabis industry.
The GreenCard features advanced technology and enhanced security measures that will alleviate several concerns currently being faced by proprietors of medical and recreational cannabis dispensaries. Being able to offer a solution in the marketplace that will replace the cash-only component to the cannabis industry will generate significant demand for the GreenCard. The Company believes that the roll-out of the GreenCard will contribute to maximizing shareholder value in the years to come. As the cannabis industry evolves and other States begin to legalize and decriminalize marijuana, the Company will be positioned at the forefront as a leading financial solutions provider catering exclusively to this developing market.
Market research studies and analysis have shown that the cannabis industry in the U.S. alone will be valued in excess of $9 billion by 2016. The Company expects that financial services will play a significant role in how the industry evolves and transitions into a mainstream segment of everyday commerce. Retailers and consumers will demand the integration of secure and scalable financial service platforms that will process transactions in real-time and provide the convenience of portability and extensibility for future growth.
The GreenCard also features the added benefit of positioning cannabis retailers on the same level as large corporations by allowing them to offer rewards to their customers. The GreenCard provides cannabis retailers with turn-key functionality that allows them to maximize the value of a loyal customer base. One of the key components to staying competitive in any industry is for businesses to recognize who their customers are. The GreenCard offers cannabis retailers the opportunity to integrate a customer loyalty and retention program that incentivizes their customers by rewarding them with points when making a purchase. The GreenCard allows cannabis merchants to promote and encourage a recurring flow of business by retaining the loyalty of their existing and future customer base.
The Company believes that recurring revenues can be derived from its ownership in Cannabis Merchant Financial Solutions, Inc. and its GreenCard. Given the thousands of transactions that take place within the cannabis industry within retail environments on a daily basis, processing and clearing fees are expected to cumulatively multiply as the industry itself grows and matures in the years to come. The Company invites its current and prospective shareholders to view an introductory video pertaining to the GreenCard on GreenEnergyMedia.TV's Cannabis Live by following this link:
Shareholders of the Company can expect to receive regular updates pertaining to ongoing developments of the GreenCard.
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Pinksheets 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
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