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Source: FNDS3000 Corp
THE AMERICAS GROUP DIVISION OF FNDS3000 CORP INCREASES VOLUME OF DEBIT AND CREDIT PROCESSING BY 9% IN JULY
Ponte Vedra Beach, FL, August 5, 2008—FNDS3000 Corp. (OTCBB: FDTC) (Frankfurt: “FT4,” A0MWLG) announced that through its recent acquisition and entrée into the merchant acquiring business that they have increased the monthly volume of processed debit and credit transactions by 9% in the month of July, in its first full month of operations after the acquisition, as compared to the previous month of June.
Victor Gerber, EVP of the Americas and Global Acquiring commented, “The sales pipeline is strong and we are certain our team of seasoned sales executives will continue to grow our merchant portfolio domestically and globally. Since the acquisition by FNDS3000, we are executing on our strategy to line-extend already strong business relationships with a robust suite of prepaid cards, Gateway processing, Capital Funding, Electronic Funds Transfer and Point-of-Sale products.”
"We knew we had a gem of a distribution channel. This type of performance shows the capability of our new sales team. We believe that as we introduce our global suite of products to the Americas these professionals will continue to add high quality merchants to grow our processing portfolio," said Michael Dodak, CEO of FNDS3000.
About FNDS3000 Corp
FNDS3000 Corp is a financial services company providing prepaid card and merchant processing solutions. We provide prepaid cards to a market with over 1 Billion individuals worldwide who do not have bank accounts, estimated at over $100 Billion in annual revenue. Our products allow employers to replace payroll checks for all workers. In addition, employers can use our products in lieu of cash to pay employees -- this may be greater than 50% of the worldwide working population. Domestic and international sharing of money, similar to Western Union™, is a key feature of our solution. This market is estimated to be over $100 Billion annually. Many of our products carry worldwide brand marks and can be used anywhere in the world that accepts those brands. Other services include gift cards, bill pay, prepaid cellular and other prepaid products.
Our merchant processing solutions provide comprehensive credit, debit, and check card payment programs. We are dedicated to the service and profitability of our merchants. The combination of card issuing and merchant processing enables FNDS3000 to provide turnkey financial transaction solutions to virtually any market worldwide.
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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