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Source: FNDS3000 Corp
FNDS3000 CORP ANNOUNCES ADDITION OF ERNST SCHOENBAECHLER TO BOARD OF DIRECTORS
Ponte Vedra Beach, FL, July 17, 2008—FNDS3000 Corp. (OTCBB: FDTC) (Frankfurt: “FT4,” A0MWLG) is announcing a shareholder update. FNDS3000 Corp has added Ernst Schoenbaechler to its Board of Directors.
Ernst Schoenbaechler has over 38 years of experience in the banking industry. As a senior manager he was responsible for capital market business, securities, foreign exchange and money markets where he positioned Bankers Trust AG, Zurich, in the Swiss Capital Markets. In 1985 he founded his own finance company in Pfaeffikon, Switzerland, with subsidiaries in Canada and Luxemburg and became a pioneer in the then booming primary capital markets focused on trading for Asian borrowers. Later, his company concentrated more on venture capital deals and private placements. Since 2004, he has been an independent financial consultant working with various public companies. Mr. Schoenbaechler has also held (management) positions at Credit Suisse, Clariden Bank, UBS, Citibank and Manufacturers Hanover Trust.
David Fann, President of FNDS3000 stated, “We are pleased to announce that Mr. Schoenbaechler has joined our Board of Directors. As a consultant to the company, Mr. Schoenbaechler has been instrumental in the business development and growth of FNDS3000. His background in the banking industry will assist us in identifying additional business strategies on a global basis. We welcome his experience and assistance as we continue executing on our business strategies."
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: FNDS3000 Corp |
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