WEST PALM BEACH, FL / ACCESSWIRE / January 21, 2016 / FastFunds Financial Corporation (OTCPK: FFFC) (the "Company" or "FastFunds") announced today that its security unit, Brawnstone Security CO, Inc. ("Brawnstone") reached positive cash flow on an unaudited basis during the fourth quarter of 2015. The implemented margin enhancements and cost-cutting initiatives were realized, and these efforts will be on a continuing basis as the Company moves forward. In addition, in our last press release on this subject, we indicated the Company was on a run rate to reach $750,000 in revenue during 2015. The Company has exceeded these expectations and the 2015 revenues were approximately $796,000. All of these figures are on an unaudited basis.
The Company's growth plans for 2016 will include significant focus on development of its current online educational operations. The Company currently operates through 3 active websites:
- http://nationalteachinginstitute.com;
- http://urbancombatacademy.com;
- http://nationaleducationcouncil.com.
These online operations offer training courses and certain types of accreditation for professionals. We have plans underway to extend these course offerings to areas including accreditation for professionals in the cannabis industry, including hydroponic growing. There are plans to expand course offerings in the tactical training area with the addition of a course titled, "Shoot, Run, and Hide". This course will contain instructional subjects on actions to take in the event of a mass shooting; which has become an area of increasing concern for individuals and institutions given the tragic events of 2015. The target market for this course will include hospitals, schools, and government and municipal agencies.
"We are very pleased that our cost cutting and financial enhancement initiatives announced earlier this year have been successfully implemented and were evident in the fourth quarter," commented FastFunds Chief Executive Officer, Henry Fong. "We intend to continue working to improve Brawnstone's business model in 2016 and are excited at the opportunities to build on the solid foundation we have created so far; especially the offering of an online training course addressing Shoot, Run & Hide that has been a popular topic in the media of late."
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 management's 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.
CONTACTS:
FastFunds Financial Corporation
Henry Fong, CEO
561-514-9042
SOURCE: FastFunds Financial Corporation