WEST PALM BEACH, FL and PHOENIX, AZ --(Marketwired - February 04, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (OTCQB: FFFC) 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, and SinglePoint, Inc., a state-of-the-art mobile technology company and full-service mobile marketing agency, announced today they have signed an agreement for Cannabis Angel to provide general management consulting services and financing recommendations regarding SinglePoint's recently announced initiative; a mobile payment system for use by cannabis dispensaries at the point-of-sale.
SinglePoint also provides text message marketing and notifications. This will enable cannabis establishments to send out text messages informing their clients of the latest inventory and new products or services. Within this technology cannabis stores will be able to market goods and products to a targeted customer base providing a unique advertising platform given other forms of advertising can be extremely curtailed by statutes in many jurisdictions. For an example text WEED to 37284. For further details, see SinglePoint's press dated January 31, 2014 for more information on the company and their exciting new product.
Henry Fong, Chief Executive Officer of FastFunds and Cannabis Angel, stated, "We are excited to be working with SinglePoint to help them develop their business including their potentially game-changing mobile payment system for cannabis dispensaries."
Greg Lambrecht, President of SinglePoint said, "We are very excited to be preparing our mobile payment product for use by the cannabis industry and believe Cannabis Angel can help us reach our goals both for potential financing as well as business development."
About SinglePoint, Inc.
Headquartered in Phoenix, AZ, SinglePoint, Inc. is a state-of-the-art mobile technology company and full-service mobile marketing agency. We operate a best-in-class mobile commerce and communication platform specifically designed to serve the needs of the non-profit community as well as for profit companies. We make any campaign instantly interactive via the mobile phone. This functionality allows our clients to conduct business transactions, accept donations and engage in targeted communication campaigns with their customers/donors through any mobile devices. Send more messages, create more awareness, and raise revenues and donations.
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Over-the-Counter QB 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 our current services and products, enhance our technical capabilities and offer growth opportunities for our stockholders; and 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 projects.
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.