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.'
Showing posts with label News About You. Show all posts
Showing posts with label News About You. Show all posts
05 November 2010
25 October 2010
Investors focus on Jacksonville-based Fidelity's dividend cut
Investors focus on Jacksonville-based Fidelity's dividend cut jacksonville.com
FNDS3000 stock sale
Jacksonville-based FNDS3000 Corp. last week announced a deal to sell $2.5 million in stock in a series of private placements. The company, which issues prepaid cards, sold $1 million in stock in the first placement mainly to new CEO Raymond Goldsmith and an investment company run by Goldsmith.
Goldsmith said in a news release that the stock purchase by his investment company 'demonstrates the strong level of confidence it has in FNDS3000's ability to execute our business model and deliver strong performance over time.'
FNDS3000 stock sale
Jacksonville-based FNDS3000 Corp. last week announced a deal to sell $2.5 million in stock in a series of private placements. The company, which issues prepaid cards, sold $1 million in stock in the first placement mainly to new CEO Raymond Goldsmith and an investment company run by Goldsmith.
Goldsmith said in a news release that the stock purchase by his investment company 'demonstrates the strong level of confidence it has in FNDS3000's ability to execute our business model and deliver strong performance over time.'
21 October 2010
Banking Business: FNDS3000 Inks Equity Financing
Banking Business: FNDS3000 Inks Equity Financing
FNDS3000 Corp. (OTCBB: FDTC), an international prepaid processing company currently introducing electronic payment solutions to the South African market, said it has signed a $2.5 million non-brokered equity financing agreement that is intended to be closed in four tranches over a nine month period.
According to the company, the first tranche of $1 million was closed on October 19, 2010; the three follow-on financings, equal to $500,000 each, are scheduled to occur on or about January 31, 2011, April 1, 2011 and July 1, 2011.
The financing was led by Sherington Holdings, LLC, a private investment firm, with participation by other current accredited shareholders of FNDS3000. Raymond Goldsmith, Chairman and CEO of FNDS3000, also serves as chairman and CEO of Sherington Holdings, LLC.
FNDS3000 Corp. (OTCBB: FDTC), an international prepaid processing company currently introducing electronic payment solutions to the South African market, said it has signed a $2.5 million non-brokered equity financing agreement that is intended to be closed in four tranches over a nine month period.
According to the company, the first tranche of $1 million was closed on October 19, 2010; the three follow-on financings, equal to $500,000 each, are scheduled to occur on or about January 31, 2011, April 1, 2011 and July 1, 2011.
The financing was led by Sherington Holdings, LLC, a private investment firm, with participation by other current accredited shareholders of FNDS3000. Raymond Goldsmith, Chairman and CEO of FNDS3000, also serves as chairman and CEO of Sherington Holdings, LLC.
20 October 2010
FNDS3000 Corp Announces Execution Of $2.5 Million Equity Financing Agreement
FNDS3000 Corp Announces Execution Of $2.5 Million Equity Financing Agreement - TheStreet
FNDS3000 Corp (OTC Bulletin Board: FDTC), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced the signing of a $2.5 million non-brokered equity financing agreement that is intended to be closed in four tranches over a nine month period. The first tranche of $1 million was closed on October 19, 2010; the three follow-on financings, equal to $500,000 each, are scheduled to occur on or about January 31, 2011, April 1, 2011 and July 1, 2011
FNDS3000 Corp (OTC Bulletin Board: FDTC), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced the signing of a $2.5 million non-brokered equity financing agreement that is intended to be closed in four tranches over a nine month period. The first tranche of $1 million was closed on October 19, 2010; the three follow-on financings, equal to $500,000 each, are scheduled to occur on or about January 31, 2011, April 1, 2011 and July 1, 2011
Local company gets expansion funding
Local company gets expansion funding Jacksonville Business Journal
FNDS3000 Corp., an international prepaid processing company, has inked a $2.5 million non-brokered equity financing agreement designed to allow the company to ramp up its South African operation.
The Jacksonville-based company (OTC Bulletin Board: FDTC) closed the first tranche of $1 million Oct. 19. The other three financings of $500,000 each are scheduled to close around January, April and July 2011.
The terms of the initial $1 million financing provided for the sale of 5,714,286 restricted shares of FNDS3000’s common stock to investors at a price of 18 cents per share; and the issuance of a two-year warrant to purchase up to 5,714,286 restricted shares of common stock at an exercise price of 18 cents per share.
FNDS3000 Corp., an international prepaid processing company, has inked a $2.5 million non-brokered equity financing agreement designed to allow the company to ramp up its South African operation.
The Jacksonville-based company (OTC Bulletin Board: FDTC) closed the first tranche of $1 million Oct. 19. The other three financings of $500,000 each are scheduled to close around January, April and July 2011.
The terms of the initial $1 million financing provided for the sale of 5,714,286 restricted shares of FNDS3000’s common stock to investors at a price of 18 cents per share; and the issuance of a two-year warrant to purchase up to 5,714,286 restricted shares of common stock at an exercise price of 18 cents per share.
Local company gets expansion funding
Local company gets expansion funding Jacksonville Business Journal:
FNDS3000 Corp., an international prepaid processing company, has inked a $2.5 million non-brokered equity financing agreement designed to allow the company to ramp up its South African operation.
The Jacksonville-based company (OTC Bulletin Board: FDTC) closed the first tranche of $1 million Oct. 19. The other three financings of $500,000 each are scheduled to close around January, April and July 2011.
FNDS3000 Corp., an international prepaid processing company, has inked a $2.5 million non-brokered equity financing agreement designed to allow the company to ramp up its South African operation.
The Jacksonville-based company (OTC Bulletin Board: FDTC) closed the first tranche of $1 million Oct. 19. The other three financings of $500,000 each are scheduled to close around January, April and July 2011.
06 October 2010
FNDS3000 Corp Announces Major Corporate Restructuring Initiatives to Enhance Growth of Global Prepaid Card Business - Yahoo! Finance
FNDS3000 Corp Announces Major Corporate Restructuring Initiatives to Enhance Growth of Global Prepaid Card Business - Yahoo! Finance
FNDS3000 Corp (OTC Bulletin Board:FDTC.ob - News), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced the implementation of several strategic reorganizational initiatives specifically designed to streamline its senior management structure, reduce corporate overhead and strengthen its overall operating platform.
Key restructuring initiatives include:
Changes to the composition of the Board of Directors, which has reduced the number of Board members from nine to five;
Expanding the leadership role of current Chairman Raymond Goldsmith through his appointment to the additional posts of President and Chief Executive Officer, replacing the Company's former President and CEO John Hancock; and
Eliminating approximately $500,000 in annual expected corporate overhead expenses through corporate staff and cost reductions in the U.S.
FNDS3000 Corp (OTC Bulletin Board:FDTC.ob - News), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced the implementation of several strategic reorganizational initiatives specifically designed to streamline its senior management structure, reduce corporate overhead and strengthen its overall operating platform.
Key restructuring initiatives include:
Changes to the composition of the Board of Directors, which has reduced the number of Board members from nine to five;
Expanding the leadership role of current Chairman Raymond Goldsmith through his appointment to the additional posts of President and Chief Executive Officer, replacing the Company's former President and CEO John Hancock; and
Eliminating approximately $500,000 in annual expected corporate overhead expenses through corporate staff and cost reductions in the U.S.
13 September 2010
PNC defies recession with continued profitability
PNC defies recession with continued profitability jacksonville.com
Jacksonville-based FNDS3000 Corp., which markets prepaid cards in South Africa, said last week that its business is growing.
The company said in its fourth quarter, which ended Aug. 31, it closed with 23,700 prepaid cards issued and activated, up from 15,200 at the end of the third quarter. FNDS3000 also said the volume of cash loaded into its system rose by 140 percent in the quarter.
Jacksonville-based FNDS3000 Corp., which markets prepaid cards in South Africa, said last week that its business is growing.
The company said in its fourth quarter, which ended Aug. 31, it closed with 23,700 prepaid cards issued and activated, up from 15,200 at the end of the third quarter. FNDS3000 also said the volume of cash loaded into its system rose by 140 percent in the quarter.
09 September 2010
FNDS3000 PERFORMANCE
https://www.cardweb.com/cardflash/2010/09/09/-fnds3000-performance?printerfriendly=1
Having closed 2Q/10 with approximately 23,700 prepaid cards issued and activated, FL-based FNDS3000 Corp international prepaid processing company is seeing positive emerging trends in the volume of cash loaded onto its prepaid payment processing system by its customers. Up nearly 56% over the 15,200 cards issued and activated in the previous quarter, the number of cards being issued and activated on a subsequent quarterly basis is also on the up. Additionally, the volume of cash loaded onto its system was up 140% quarter-over-quarter. FNDS3000 is focused on building and servicing a growing customer base of South African companies for which it actively manages prepaid payroll card and prepaid microfinance card programs on its proprietary processing platform.
Having closed 2Q/10 with approximately 23,700 prepaid cards issued and activated, FL-based FNDS3000 Corp international prepaid processing company is seeing positive emerging trends in the volume of cash loaded onto its prepaid payment processing system by its customers. Up nearly 56% over the 15,200 cards issued and activated in the previous quarter, the number of cards being issued and activated on a subsequent quarterly basis is also on the up. Additionally, the volume of cash loaded onto its system was up 140% quarter-over-quarter. FNDS3000 is focused on building and servicing a growing customer base of South African companies for which it actively manages prepaid payroll card and prepaid microfinance card programs on its proprietary processing platform.
08 September 2010
FNDS3000 Reports Prepaid Card Activations and Volume of Cash Loads Marks Notable Quarter-Over-Quarter... -- JACKSONVILLE, Fla., Sept. 8 /PRNewswire-FirstCall/ --
FNDS3000 Reports Prepaid Card Activations and Volume of Cash Loads Marks Notable Quarter-Over-Quarter... -- JACKSONVILLE, Fla., Sept. 8 /PRNewswire-FirstCall/ --
FNDS3000 Corp (OTC Bulletin Board: FDTC), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today formally commented on positive emerging trends the Company is seeing in the volume of cash loaded onto its prepaid payment processing system by its customers and in the number of cards being issued and activated on a subsequent quarterly basis.
Since commencing the production roll-out phase of its prepaid card solutions in December 2009, the Company has remained intently focused on building and servicing a growing customer base of South African companies for which FNDS3000 actively manages prepaid payroll card and prepaid microfinance card programs on its proprietary processing platform. As a result, 'FNDS3000 has continued to enjoy marked growth in both the number of prepaid cards issued and activated, and the volume of Rands loaded to those cards,' said Robert Klein, FNDS3000's President and Country CEO-South Africa.
FNDS3000 Corp (OTC Bulletin Board: FDTC), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today formally commented on positive emerging trends the Company is seeing in the volume of cash loaded onto its prepaid payment processing system by its customers and in the number of cards being issued and activated on a subsequent quarterly basis.
Since commencing the production roll-out phase of its prepaid card solutions in December 2009, the Company has remained intently focused on building and servicing a growing customer base of South African companies for which FNDS3000 actively manages prepaid payroll card and prepaid microfinance card programs on its proprietary processing platform. As a result, 'FNDS3000 has continued to enjoy marked growth in both the number of prepaid cards issued and activated, and the volume of Rands loaded to those cards,' said Robert Klein, FNDS3000's President and Country CEO-South Africa.
20 August 2010
FNDS3000 Corp to Present at National Investment Banking Association's (NIBA) 115th Investment Conference
FNDS3000 Corp to Present at National Investment Banking Association's (NIBA) 115th Investment Conference
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced that the Company's senior leadership has been invited to present at the National Investment Banking Association's (NIBA) 115th Investment Conference to be held at the end of this month in Dallas, Texas.
NIBA is the only national not-for-profit trade association of regional and independent brokerages, investment banking firms, institutional investors and related capital market service providers. Since its inception, NIBA member firms have successfully completed nearly 1000 equity offerings totaling approximately $10 billion in new capital for America's finest emerging growth companies. The member firms of NIBA represent over 8000 registered representatives with an estimated $76 billion in assets under management, and are responsible for 90% of all Initial Public Offerings under $20 million.
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced that the Company's senior leadership has been invited to present at the National Investment Banking Association's (NIBA) 115th Investment Conference to be held at the end of this month in Dallas, Texas.
NIBA is the only national not-for-profit trade association of regional and independent brokerages, investment banking firms, institutional investors and related capital market service providers. Since its inception, NIBA member firms have successfully completed nearly 1000 equity offerings totaling approximately $10 billion in new capital for America's finest emerging growth companies. The member firms of NIBA represent over 8000 registered representatives with an estimated $76 billion in assets under management, and are responsible for 90% of all Initial Public Offerings under $20 million.
11 August 2010
FNDS3000 Corp Reports Pre-Paid Microfinance Card Program Is Gaining Momentum in South Africa
FNDS3000 Corp Reports Pre-Paid Microfinance Card Program Is Gaining Momentum in South Africa - Finance Industry Today - News Media Monitoring
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today issued an update related to its prepaid microfinance card program currently being offered to micro-lending institutions in South Africa, which provide small business and personal loans to business owners and individuals.
As addressed in prior announcements, the Company began providing this new service offering with several reputable microfinance companies earlier this year. As one of many prepaid programs supported by FNDS3000's processing platform, its prepaid microfinance card program provides accredited South African micro-lending institutions the means to provide loans safely and securely while eliminating costs associated with cash processing and administration. Through the issuance and activations of FNDS3000's microfinance cards, cardholders can access loaned funds, pre-loaded onto the branded prepaid card by the micro-lender, on a 24/7 basis simply by using an ATM. Further, cardholders can use the prepaid cards wherever MasterCard is accepted to make purchases, pay bills, book travel, and the like, to better operate their businesses or address their personal financial needs.
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today issued an update related to its prepaid microfinance card program currently being offered to micro-lending institutions in South Africa, which provide small business and personal loans to business owners and individuals.
As addressed in prior announcements, the Company began providing this new service offering with several reputable microfinance companies earlier this year. As one of many prepaid programs supported by FNDS3000's processing platform, its prepaid microfinance card program provides accredited South African micro-lending institutions the means to provide loans safely and securely while eliminating costs associated with cash processing and administration. Through the issuance and activations of FNDS3000's microfinance cards, cardholders can access loaned funds, pre-loaded onto the branded prepaid card by the micro-lender, on a 24/7 basis simply by using an ATM. Further, cardholders can use the prepaid cards wherever MasterCard is accepted to make purchases, pay bills, book travel, and the like, to better operate their businesses or address their personal financial needs.
19 July 2010
FNDS3000 posts loss
CSX sparks stock market rally, but stock dips jacksonville.com
FNDS3000 Corp. last week reported revenue of $110,274 for the third quarter ended May 31, and a net loss of $1.05 million, or two cents a share.
Jacksonville-based FNDS3000 is a financial transaction processing company that is in its first full year of operations. It recorded revenue of $277,383 in the first nine months of the fiscal year.
FNDS3000 Corp. last week reported revenue of $110,274 for the third quarter ended May 31, and a net loss of $1.05 million, or two cents a share.
Jacksonville-based FNDS3000 is a financial transaction processing company that is in its first full year of operations. It recorded revenue of $277,383 in the first nine months of the fiscal year.
15 July 2010
FNDS3000 Corp Announces Results for Third Fiscal Quarter 2010
FNDS3000 Corp Announces Results for Third Fiscal Quarter 2010 Reuters
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced its financial and operational results for the third fiscal quarter, ended May 31, 2010.
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced its financial and operational results for the third fiscal quarter, ended May 31, 2010.
FNDS3000 Corp Announces Results for Third Fiscal Quarter 2010
FNDS3000 Corp Announces Results for Third Fiscal Quarter 2010: Financial News - Yahoo! Finance
FNDS3000 Corp (OTC Bulletin Board:FDTC.ob - News) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced its financial and operational results for the third fiscal quarter, ended May 31, 2010.
FNDS3000 Corp (OTC Bulletin Board:FDTC.ob - News) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced its financial and operational results for the third fiscal quarter, ended May 31, 2010.
13 July 2010
FNDS3000 Corp Announces Key Management Changes and Appointments
FNDS3000 Corp Announces Key Management Changes and Appointments - Financial News USA
FNDS3000 Corp (OTC Bulletin Board:FDTC.ob - News) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced a series of management changes and appointments designed to strengthen the Company and position it for its next critical growth phase.
FNDS3000 Corp (OTC Bulletin Board:FDTC.ob - News) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced a series of management changes and appointments designed to strengthen the Company and position it for its next critical growth phase.
12 July 2010
FNDS3000 Corp Announces Key Management Changes and Appointments
Stock Market News Stock Market Headlines
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced a series of management changes and appointments designed to strengthen the Company and position it for its next critical growth phase.
FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: 'FT4,' A0MWLG), an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced a series of management changes and appointments designed to strengthen the Company and position it for its next critical growth phase.
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