FastFunds Financial Corp (fka FFFC)

[zeekhoe]

NEWS: FastFunds Financial Corporation and Subsidiaries Cannabis Angel, Inc. and The 420 Development Corporation Announce the Completion of a Second Agreement Pertaining to the Acquisition of a Revenue Producing Company Specializing in Event Staffing and Security

http://www.otcmarkets.com/news/otc-market-headline?id=16296195

WEST PALM BEACH, FL, Jul 17, 2014 (Marketwired via COMTEX) -- FastFunds Financial Corporation ("FastFunds" or the "Company") (PINKSHEETS: FFFC) and its wholly-owned subsidiaries, Cannabis Angel, Inc., and The 420 Development Corporation, are pleased to announce the completion of a second signed letter of intent pertaining to the acquisition of a revenue producing company specializing in event staffing and security services. The acquisition candidate specializes in unarmed security and staffing services and has developed its business over the past 25 years to include several large scale contracts with clients servicing industries such as industrial manufacturing, food processing, residential subdivisions, retail shopping facilities, hospitals, and construction sites. Upon closing of this proposed acquisition, the Company will look to diversify their existing marketing strategy to include security and staffing based services within the cannabis sector.
The Company has met with the acquisition candidate and hopes to complete its due-diligence as soon as possible. At that time, the Company will work alongside its accounting and legal staff to prepare a definitive agreement to pursue the completion of this proposed transaction.

The aforementioned letter of intent is non-binding. Completion of this transaction is subject to, amongst other things, further due diligence by the parties, negotiation and execution of a definitive agreement, and any board of director and/or stockholder approvals as necessary.

Mr. Henry Fong, President of FastFunds Financial Corporation states: "We are very pleased with the progress we are making towards finalizing the process of completing our necessary due diligence. All members of our staff are dedicated towards completing their financial, legal and regulatory compliance due diligence. We are excited about the prospect of closing this and other acquisitions in the near future. These series of proposed acquisitions will add value to the Company and will generate increased value to our existing and future shareholders."

The Company anticipates that once this proposed transaction has been finalized, the investment community at large will recognize the value that has been generated and will reward our current and future shareholders with higher valuations.

Shareholders of the Company can expect to receive additional updates as to these developments in the coming weeks.