FastFunds Financial Corporation and Subsidiary Cannabis Angel Announce Acquisition of Green Information Systems, Inc., Its Domain Portfolio and Website With Plans to Redevelop, Rebrand and Relaunch as an Online Social Media Hub for the Marijuana Industry
Feb 26, 2014
WEST PALM BEACH, FL--(Marketwired - February 26, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (
: FFFC ) and its 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, announced today that it has signed a definitive agreement to acquire 100% of the assets and certain liabilities of Green Information Systems, Inc., including its domain portfolio. The portfolio includes GreenEnergyTV.com a five year old website that recently focused on principally green energy issues. Cannabis Angel plans to redevelop, rebrand and promote the GreenEnergyTV.com website throughout several online media channels with a focus on the marijuana industry. After its relaunch, GreenEnergyTV.com will act as a social media hub for all aspects of the ever-developing marijuana industry. Given that the marijuana industry has evolved significantly over the last few months, after its relaunch, the website will act as an interactive informational portal that will connect all major social media outlets in one place. Over the next 60 days, GreenEnergyTV.com will be redeveloped to include interactive media news feeds, video channels, and social media sharing capabilities. FastFunds, through its wholly-owned subsidiary Cannabis Angel, will look to capitalize on this multi-billion dollar market by allowing industry participants to communicate and share information pertaining to the marijuana industry, in real-time. Over the next several months, the relaunched website will build on this interactive platform by including an e-commerce marketplace to allow industry related merchants to showcase and sell their products and services through this online media platform. The Marketplace will allow merchants to connect their existing shopping cart, or build new electronic storefronts to showcase their products. The relaunched website intends to offer several subscription-based payment models that will suit each of its Marketplace customers based on their sales volumes and active product listings. FastFunds will focus its efforts and resources on redeveloping the GreenEnergyTV.com brand to become a significant online social media property that will attract the attention of third party endorsements and sponsorships relating to the marijuana industry. Through existing online social media outlets, such as Facebook, Twitter and YouTube, GreenEnergyTV.com will work towards building its base of followers amongst these outlets. FastFunds is presently developing plans to launch a viral online marketing campaign to attract further interest to the GreenEnergyTV.com brand. FastFunds Financial Corp. shareholders can look forward to receiving additional information and updates in the weeks to come pertaining to the development and launch of GreenEnergyTV.com. Henry Fong, Chief Executive Officer of FastFunds and Cannabis Angel, stated, "We are excited about building this social medium in this quickly growing industry and believe this website will be a highly useful focal point to provide information and user derived social media related to the marijuana industry. "
Completion of all document and closing for this transaction is currently set to be completed no later than March 21, 2014. 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. FORWARD-LOOKING STATEMENTS
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. Contact Information
FastFunds Financial Corporation & Cannabis Angel, Inc.