FNDS3000 Corp Reports Additional Cost Cutting Measures

FNDS3000 Corp Reports Additional Cost Cutting Measures
FNDS3000 Corp (OTC Bulletin Board: FDTC), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced that it has implemented additional savings in U.S. corporate overhead expenses which, in connection with previously announced corporate staff and expense reductions, have helped the Company to free up approximately $1 million in cash and working capital over the next 12 months, which will be redeployed to support and consolidate growth of its South African prepaid card business.

Raymond Goldsmith, Chairman and CEO of FNDS3000, noted, 'Make no mistake that FNDS3000 is on a mission to build a successful and enduring company and win distinction as a major player in the global prepaid industry. To that end, it is essential that we demonstrate an ability to achieve and sustain profitability in all areas of our operations.'