|By Marketwired .||
|July 31, 2014 10:00 AM EDT||
WEST PALM BEACH, FL--(Marketwired - July 31, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (PINKSHEETS: FFFC) and its wholly-owned subsidiary, The 420 Development Corporation, announce that Brawnstone Security, LLC ("Brawnstone") has been awarded a security services contract for an additional Ohio-based HUD housing facility. Brawnstone is a licensed armed security, private investigation, security technology solution provider and tactical training company servicing active accounts with several Government affiliated HUD housing facilities, schools, and industrial establishments across the Ohio region. Under the terms of the new contract, Brawnstone will be responsible for installing security hardware and peripheral monitoring devices throughout the premises of the property. It is the opinion of Brawnstone's management that this new contract could have an estimated value of $50,000 once fully completed. By being awarded this new contract, Brawnstone hopes to also receive a security staffing contract with the facility to provide armed personnel, which would generate additional recurring revenues for the company.
FastFunds is pleased with the progress that Brawnstone is making on expanding its operations and in receiving additional security services contracts in the Ohio region. As previously announced in a press release dated July 24, 2014, FastFunds completed the closing of acquiring a 70% interest in Brawnstone Security, LLC.
"We are very pleased with the progress Brawnstone is making in securing additional contracts. Security is such an important aspect in several types of industries, and Brawnstone is certainly up to the task in delivering the highest level of service in their space," commented Mr. Henry Fong, President of FastFunds Financial Corporation.
Brawnstone is continuing to market their services through several outlets and is preparing a proposal in response to a recent RFP issued by a large multi-national oil and gas company. Additional information pertaining to this development will be released to shareholders as more information becomes available.
"We are very excited about the future of Brawnstone. We have built a solid business to date and will continue to strive towards expanding our operations to include a presence in several industries. Our ability to scale and offer armed security services and highly advanced technological solutions will allow us the opportunity to bid on contracts that few others are qualified to fulfill. The level of expertise that we retain as a company sets us apart from the competition. Our merger with FastFunds brings us one step closer in being able to finance future growth in a timely fashion," commented Mr. Daniel Unsworth, President of Brawnstone Security, LLC.
Shareholders of the Company can expect to receive regular updates as progress is being made on these and other developments.
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
President and Chief Executive Officer
Phone: (561) 514-9042
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