WEST PALM BEACH, FL-- Oct 11, 2012 - FastFunds Financial Corporation (www.fastfundsfinancialcorp.com) (OTCQB: FFFC) announced today its development plans for its recently acquired carbon separation technology embodied in a soon to be issued US patent entitled Method of Separating Carbon Dioxide. FastFunds recently acquired 100% of the outstanding common stock of Carbon Capture USA, which holds the exclusive US license relating to provisional patent no. 61/077,376. The technology relates to methods of decomposing a gaseous medium most specifically relating to methods of utilizing radio frequency energy to separate the elemental components of gases such as carbon dioxide.
The Company is in initial consultation with the principal inventor as to the best path to commercialization. It is anticipated there will be initial research and development, development of a proof of concept prototype and the seeking of interested third parties for financing and commercialization.
FastFunds Acting President Barry Hollander said, "We believe the timing is perfect for this type of technology with the recent emphasis worldwide, especially in Europe and China, on greenhouse emissions and the defeat last year in California of Prop 32 that allowed AB32, the Global Warming Solutions Act of 2006, to move forward. While there is work to be done on this technology, we believe it has the potential to be a game changer in dealing with carbon dioxide emissions. The issue of carbon dioxide and climate control has broad economic impact worldwide in the billions of dollars."
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company in several business segments that is publicly traded on the Over-the-Counter QB under the symbol "FFFC." The Company is currently seeking new business opportunities to diversify and complement our current services and products, enhance our technical capabilities or otherwise offer growth opportunities for our stockholders.
This news release may include "forward-looking statements" regarding FastFunds Financial Corporation, and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where FastFunds Financial Corporation expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. FastFunds Financial Corporation does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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SOURCE: FastFunds Financial Corp.