PONTE VEDRA BEACH, Fla., July 30 FL-FNDS3000-elects-VP
PONTE VEDRA BEACH, Fla., July 30 /PRNewswire-FirstCall/ -- FNDS3000 Corp.
(OTC Bulletin Board: FDTC) (Frankfurt: "FT4," A0MWLG) announced it has added
Richard Smuts-Steyn as a Director and Vice President of Africa. He will focus
on the build out and expansion of the African market and will oversee the
sales, operations and the merger and acquisition strategy of the FNDS3000
African subsidiary.
Over the last 5 years, Smuts-Steyn increased sales from approximately
US$10 million to over US$200 million as the Group CEO of Ventury Group, a
multi-channel payment and transaction processor based in South Africa. Smuts-
Steyn has extensive knowledge in both banking services as well as market
development in developing economies. Smuts-Steyn has also been instrumental in
the successful launch of point of sale services and pre-paid card application
in evolving markets such as South Africa, India, Kenya and Nigeria.
Richard Smuts-Steyn stated, "I am most proud and privileged to be joining
the team at FNDS3000. The pre-paid card market is not only enjoying explosive
growth in the US markets but is also a key catalyst to the growth of banking
services in Africa. The services provided by FNDS3000 to this market will not
only play a pivotal role in the development of banking structures as a whole,
but is also expected to generate attractive return on our efforts in this
continent."
"I am excited that Richard has joined the team. With our strategic focus
on Africa we needed a strong experienced executive who will be dedicating all
his efforts on developing this market and management of our South African
processing center. This will allow us to continue to develop and expand the
opportunities that have presented themselves in the European and the Middle
East markets," added Victoria Vaksman, Executive Vice President of Europe,
Middle East and Africa for FNDS3000 Corp.
"I am very pleased that Richard has joined the company. He will be
headquartered in Johannesburg and his immediate focus of concentration will be
South Africa. Richard's depth of knowledge in the transaction business and
contacts in Africa will be utilized to grow the business organically and
through key acquisitions," said Michael Dodak, CEO of FNDS3000.
About FNDS3000 Corp
FNDS3000 Corp is a financial transaction processing 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(TM), 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.
SOURCE FNDS3000 Corp.
