|By Marketwired .||
|July 2, 2014 10:00 AM EDT||
WEST PALM BEACH, FL--(Marketwired - July 02, 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 issue a shareholder update on the following corporate developments.
New Business Opportunities
The Company is currently conducting extensive due-diligence on several industry related acquisition opportunities. The Company's goal is to focus on completing acquisitions of operational entities that when combined as wholly-owned subsidiaries of the Company will contribute significant shareholder value. The acquisition targets are focused primarily towards ancillary services that will enrich the on-going developments currently taking place within the cannabis industry. These market segments include staffing services, security services and original digital media production. We anticipate these developments to culminate in the near future, at which point, further announcements will be made to our shareholders and to the investment community at large.
Addition of Original Video Content on CannabisLive
Several of the Company's representatives recently attended the Cannabis Business Summit hosted at the Denver Convention Center on June 24
The Company was pleased to have attended the Summit and looks forward to securing partnerships that were proposed amongst several third-party companies that were also present. The Company believes that these partnerships and strategic co-marketing alliances could add value to several of the initiatives currently being pursued.
Balance Sheet Restructuring
Over the next several weeks, the Company will be focused on restructuring its balance sheet pertaining to liabilities and outstanding debts. Given the Company's initiative in completing several key strategic acquisitions, this process is necessary as to transition into a structure that's beneficial to all parties. The Company is diligently working with members of its staff and outside counsel to complete these tasks in a timely fashion. Shareholders of the Company can expect to receive additional updates as to these 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.
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