Fastfunds Financial Corporation Releases Mid-Year Letter to Update Stockholders

WEST PALM BEACH, FL / ACCESSWIRE / June 24, 2015 / FastFunds Financial Corporation (PINKSHEETS: FFFC) (the Company or FastFunds) is pleased to provide the following letter addressed to its stockholders:

Dear Shareholder,

At mid-year 2015 we would like to update our shareholders on your Company’s progress, operations and outline future goals and plans.FFFC’s business operations has for some time predicated on a holding company concept. We have always believed that this approach creates a business structure that allows maximum operational flexibility, while the diversification potential minimizes losses and maximizes gains. With a diversification of various segments of an industry creates the best opportunity for the so called Black Swan effect. These stand-alone entities, with its separate management, functions and business model offer the opportunity for either Spin-outs or Spin-offs, that can be separately financed and managed, thereby minimizing dilution to the holding company shareholders and concurrently maximizing shareholder value.

The Company identified in early 2014 a business sector that it believes would create significant future shareholder value – the emerging cannabis legalization in the United States. To date this has been proven accurate as now 23 states have legalization in some form, and industry experts forecast the cannabis business in the U.S. to become the next major U.S. industry. As more states adopt legalization of some form, which appears to be on the horizon, this growth will continue. The forecasted hyper-growth combined with the high business margins, in our view, creates the economic environment for a Black Swan occurrence.

FFFC’s principal focus is the development of four separate business verticals for the emerging U.S. cannabis industry. These business segments are as follows:

1. FINANCIAL SERVICES

FFFC’s entry into the financial services sector came with the 2014 acquisition of 49 percent of Cannabis Merchant Financial Solutions, Inc. (CMFS). This FFFC subsidiary has developed the Green Card and Tommy Chong Green Card, a reloadable stored value card with a rewards feature, and the Tommy Chong Frequent Buyers Card, which functions as a gift card or rewards card. It is significant to note that both the reloadable stored value cards and gift cards are multi-billion businesses in other business verticals.

In November 2014, FFFC signed a license agreement with celebrity actor, activist, writer, musician, Tommy Chong, as representative and spokesman for its flagship card products. The Company believes the Tommy Chong celebrity status as supported by his over 4.5 million social media followers will be an important products differentiator as it advances its business plan in this vertical.

To date FFFC is developing a national group of master resellers, distributors and sales representatives for these card products. This undertaking is continuing. The Company has already signed a number of merchants and vendors for these products during this pre-launch period. An early fall social media launch is being planned, ahead of the forthcoming 2016 Presidential Elections which many forecasters are predicting further legalization approvals. Significant key manpower resources are being identified as well as selection of the lead social media development entity.

2. METHODS FOR IMPROVEMENTS IN PLANT BOTANY

Development of methods and technologies to significantly enhance plant growth and purity will be in great demand as the cannabis industry develops. Improvements in plant botany is a multi-billion sector of the agricultural industry today, especially in the food sector.

In May 2015, FFFC signed an operating agreement with Wisconsin-based Sanidor Systems to create Pure Grow Systems, LLC. Under the terms of the agreement, FFFC acquired 49 percent interest in Pure Grow and participation in 50 percent of the profits. Pure Grow’s mission is dedicated to the healthy production and processing of raw materials used for medicinal or other health related purposes. One of the products in the Pure Grow System’s line provides technology in potentially clean, sanitize and disinfect the processing environments of plants and herbs used in the formulation of alternative botanical and herbal therapies. The Pure Grow management team has a long history in the development of herbal and medicinal products. They have an understanding of the need for cleaner and safer ingredients for medical products.

3. SECURITY SERVICES AND EQUIPMENT

Without the ability to deposit cash in banks, the marijuana industry is essentially a cash-only business. Abundance of cash, combined with high products sales operating margins makes the cannabis business a target for criminal activities. The security industry in the U.S. is estimated to exceed $300 billion dollars.

Our plan is to enter this potentially lucrative market through our acquisition of an existing, operational security company. In mid-2014, FFFC acquired a 70 percent interest in Canton, Ohio based, Brawnstone Security, Inc. (Brawnstone), a diversified security, training and investigations company. Brawnstone presently services 15 clients and has a staff of 33 professionals. It is equipped for installation of business security systems, intrusion devices and technology based solutions. Brawnstone is an approximate three year old company.

During the past year, we have devoted our resources in restructuring the Brawnstone balance sheet and restoring higher margins by increasing the Company’s operating efficiency. These initiatives have borne fruit at the present time: Brawnstone has an annual revenue run rate of $750,000.00. Our strategy is to use the Brawnstone platform to enter the cannabis market plan in late 2015 or early 2016. The Company’s research shows that operating margins for cannabis related security services could exceed current billing levels by at least 100 percent.

4. CANNABIS ANGEL. INC.

FFFC’s wholly owned subsidiary, Cannabis Angel, Inc. (CA) will evaluate and provide corporate development services and early seed financing for worthwhile development stage cannabis ventures. CA’s mission is to incubate these enterprises for their progress to the next level of growth. To date, CA has made investments in companies involved in the distribution of cannabis related products and development of a social media website. It is significant to point out that all of FFFCs activities in the cannabis industry are ancillary, or pick and shovel, and are evaluated to insure compliance with all State and Federal Laws.

We will continue to update our shareholders on the Company’s activities as it develops. Management is appreciative of your continued support.

Sincerely,

HENRY FONG
President & Chief Executive Officer

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 companys progress, business opportunities and growth prospects, they are based on managements current beliefs and assumptions as to future events. However, since the companys 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

ReleaseID: 430085