Fastfunds Financial Corporation Announces Progress in Consolidation of Convertible Debt and Progress on Social Media Roll-Out for Tommy Chong Green Card

WEST PALM BEACH, FL / ACCESSWIRE / April 29, 2015 / FastFunds Financial Corporation (PINKSHEETS: FFFC) (the “Company” or “FastFunds”) announced today the progress in its present initiative for dilution reduction by consolidating its outstanding convertible debt and the total number of lenders. To date, the Company has restructured convertible notes totaling approximately $170,000 from three lenders into one.

“We believe this initiative will significantly reduce dilution of the Company’s shares since collectively these three lenders could in the aggregate convert up to 15% of the Company at any given time, whereas consolidation into one lender reduces this to a much lower percentage,” said FastFunds CEO, Henry Fong. “The Company is committed to minimizing dilution while balancing its capital needs. We will continue to pursue further consolidation and believe there is more that can be done.”

The Company is also reporting considerable progress with Soren Holdings and Marketing for previously reported social media roll-out strategy including identification of potential contractors to implement the plan. The Company continues to make progress with identification and sign-up of participating dispensaries and vendors as program participants with the Tommy Chong Green Card.

The Company will provide future updates as significant events occur on these key initiatives.

About the Tommy Chong Cannabis Green Card

The Tommy Chong Cannabis Green Card functions as a pre-paid loyalty debit card with a turnkey customer rewards technology. In addition, the card functions as a re-buildable stored value card that can be used to purchase merchandise at the participating dispensary.

About FastFunds Financial Corporation

FastFunds Financial Corporation (“FastFunds” or the “Company”) is a holding company that is publicly traded on the OTC Pink exchange, under the symbol “FFFC.” Through its wholly-owned subsidiaries, Cannabis Angel, Inc. and The 420 Development Corporation, the Company is focused on acquiring and building a portfolio of revenue producing companies that provide ancillary services to the cannabis industry. FastFunds does not engage in activities that violate Federal laws.

Safe Harbor for Forward-looking Statements

This news release may contain forward-looking statements that are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, they are based on management’s current beliefs and assumptions as to future events. However, since the company’s operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company’s filings with the Securities and Exchange Commission.

CONTACTS:

FastFunds Financial Corporation
Henry Fong, CEO
561-514-9042

SOURCE: FastFunds Financial Corporation

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