FFFC .0002 News - FastFunds Financial Corporation Subsidiary, Financiera Moderna, Announces Progress in Direct Marketing of Life Insurance and Expansion Into Additional Markets
WEST PALM BEACH, FL, Dec 11, 2013 (Marketwired via COMTEX) -- FastFunds Financial Corporation (OTCQB: FFFC) announced today through its majority owned subsidiary, Financiera Moderna ("FM"), that its related insurance marketing group, Compra Vida, Inc., has recruited through its direct marketing program over 100 Spanish speaking recruits as prospective insurance agents. Compra Vida, headquartered in Houston, Texas, has recently expanded its direct marketing program for insurance to three additional Texas cities including Dallas, San Antonio and McAllen. All of these markets have a high Hispanic population that are underserved in regard to the financial sector. The company's plans are to use the prospective insurance agents to market other FM/Compra Vida financial products developed for the Spanish speaking population while they are undergoing the required licensing process.
Mr. Alfredo Rodriguez, Chief Executive Officer of FM and President/CEO of Compra Vida, said, "We are excited about the reception our recruiting has received in these new areas among the Spanish speaking community and this indicates the Hispanic market is tremendously underserved and ripe for growth in marketing our financial services products."
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.
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.
Henry Fong
Chairman
561-514-9042
SOURCE: FastFunds Financial Corp.
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SUBJECT CODE: Financial Services:Personal Finance
