WEST PALM BEACH, FL / CRWEPRESSRELEASE / September 14, 2015 /FastFunds Financial Corporation (OTCMKTS:FFFC) (the Company or FastFunds) is pleased to provide the following updates for its operating subsidiary, Brawnstone Security (Brawnstone) based in Canton, Ohio.
1. Revenue Enhancement and Gross Margin Stabilization. Unaudited revenues year to date for Brawnstone have stabilized at approximately $64,000 per month totaling approximately $512,000 as of August 31, 2015. The Company has been aggressively working on gross margin enhancement and expense reductions and will be reporting these in greater detail in the forthcoming Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2015.
2. Security Marketing Plan for Upcoming Ohio Cannabis Vote. Favorable polling in Ohio currently indicates the potential passage of legalization for both medical and recreational marijuana use in that State. Recreational use has already been legalized in Colorado, Washington, Oregon Alaska and Washington, D.C. Brawnstone has begun development of its roll-out plan for offering security services in the event of passage in the companys home state of Ohio. Further updates will be available as these plans move forward in conjunction with the Ohio vote.
About FastFunds Financial Corporation
FastFunds Financial Corporation (“FastFunds” or the “Company”) is a holding company that is publicly traded on the OTC Pink exchange, under the symbol “FFFC.” Through its wholly-owned subsidiaries, Cannabis Angel, Inc. and The 420 Development Corporation, the Company is focused on acquiring and building a portfolio of revenue producing companies that provide ancillary services to the cannabis industry. FastFunds does not engage in activities that violate Federal laws.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, they are based on managements current beliefs and assumptions as to future events. However, since the company’s operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company’s filings with the Securities and Exchange Commission.
FastFunds Financial Corporation
Henry Fong, CEO
SOURCE: FastFunds Financial Corporation