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Source: FNDS3000 Corp

 

FNDS3000 Corp Announces New Strategic Partner in Worldwide Prepaid Debit Card Space

 

Australis Financial Services (PTY) Limited is appointed as a Strategic Partner in Africa.

Ponte Vedra Beach, FL, July 1, 2008—FNDS3000 Corp (OTCBB - FDTC) (Frankfurt: “FT4,” A0MWLG) announces today that it has signed an agreement with its new Strategic Partner in Africa called  Australis Financial Services (PTY) Limited (AFS) which will provide prepaid debit card solutions to its customers.

Victoria Vaksman, Executive Vice President of Europe, Middle East and Africa for FNDS3000 Corp stated: “We welcome Australis Financial Services (PTY) Limited to our base of Worldwide Strategic Partners. We expect AFS to aggressively market our prepaid card solutions to their customer base in Africa.  AFS will be promoting our prepaid cards through their customer base which constitutes millions of card holders utilizing AFS’s closed loop prepaid cards and their bill payment system. We believe that AFS will help us to increase our penetration into strategically important markets and create a significant value for us and our shareholders by generating steady recurring revenue streams.

 

George Rudman CEO of Australis Financial Services (PTY) Limited  said: "We welcome the opportunity to expand our card offering from purely closed loop prepaid cards to prepaid debit cards which have international acceptance. This offering will greatly enhance card adoption within our customer bases located through the African continent and will contribute significantly to our earnings.”

 

About Australis Financial Services (PTY) Limited:

 

Australis Financial Services (PTY) Limited is a financial services company that provides closed loop prepaid cards to a contracted base in excess of 5 million people within Sub Saharan Africa. The company’s services also include the provision of Internet banking, mobile banking, POS terminal management and distribution, bill payments, payroll payment administration and money transfer. Other associated services provided include affordability analysis, credit management and debt rehabilitation. AFS also provides a comprehensive loyalty and vouchering system to its client base.


Company Contact

George Rudman - CEO
Mobile: +27 82 990 2445

Telephone: +27 11 431 3633
Postal Address:  P.O. Box 2221, Cresta, 2118, South Africa

E-mail: george@australisfin.com

 

 

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 in the U.S. and Europe. 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.

 

 

Contact:
David Fann
President

FNDS3000 Corp
904-273-2702
dfann@fnds3000.com
www.FNDS3000.com

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