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Source: FNDS3000 Corp
FNDS3000 CORP, FULFILLS 5,000 CARD ORDER
Ponte Vedra Beach, FL, April 2, 2008 - FNDS3000 Corp (OTCBB - FDTC) (Frankfurt: “FT4,” A0MWLG) has fulfilled orders for 5,000 prepaid cards in the United States. This represents the company’s continued shift from a developmental to operational organization. Joe Tumbarello, COO of FundsTech stated, “We are excited to continue providing solutions with our wide variety of prepaid products. This is the initial fulfillment of what may amount to over 100,000 cards annually from this client. Since inception, FNDS3000 has been focusing on establishing distribution channels and installing our soon-to-launch global platform in South Africa. This, along with many other programs, shows our migration to a cash-generating company as we continue our push to become cash flow positive during the third quarter of 2008.”
About FNDS3000 Corp
FNDS3000 Corp is a financial services company that provides prepaid and debit cards to the over 1 Billion working population worldwide who do not have a bank account. This market is estimated at over $100 Billion on an annual basis. The Industry average revenue for prepaid payroll cards is $12.00 per month per card. Our payroll card product allows the employer to replace payroll checks for their un-banked and other workers. In addition it allows employers to use the card where they now have to pay their employees in cash, which is estimated to be over 50% of the worldwide working population. Our cards allows for the domestic and international money transfer providing an inexpensive, safe and secure alternative to traditional money transfer companies like Western Union® and MoneyGram®, a market estimated to be over $100 Billion annually. Our suite of card products can be used at millions of retailers and ATM’s on a worldwide basis. Other services include Gift cards, bill pay, prepaid cellular, etc.
Matters discussed in this press release contain forward looking statements as defined under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are limited to, the time frame for production of revenue, product development and commercial introduction, the impact of rapid price and technological change and competition, manufacturing and supply uncertainties and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities & Exchange Commission.
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