SOURCE: FastFunds Financial Corp.
WEST PALM BEACH, FL--(Marketwire - Aug 2, 2012) - FastFunds Financial Corporation (OTCQB: FFFC) (PINKSHEETS: FFFC) announced today its new strategic direction for the Company. In addition to the current business operations in financial services, the Company plans on expanding its business activities into the following additional business segments:
- Technology development
- Consumer products
- Natural resources including alternative energy
The Company recently announced the acquisition of Carbon Capture USA, Inc., which holds a soon-to-be issued U.S. patent on a method of decomposing a gaseous medium using radio frequency energy to separate elementary components of gases including carbon dioxide. The Company has also been actively seeking other business opportunities in these segments and is presently conducting due diligence on several interesting alternatives.
Barry Hollander, Acting President of the Company, stated, "While we are in the preliminary stages of executing our plan, we believe there are some exciting business opportunities in these segments. Our overall goal is to address segments with large markets that have tremendous future potential including technology that has wide ranging implications in the marketplace. We believe that diversifying into four completely different areas of operations gives the Company and our stockholders significantly greater opportunity to find companies or situations with the greatest potential for shareholder maximization."
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 or otherwise offer growth opportunities for our stockholders.