NEW YORK, NY -- (Marketwired) -- 04/02/13 -- NET LIFE Financial Processing, Inc. ("NET LIFE"), a wholly owned subsidiary of FastFunds Financial Corporation (OTCQB: FFFC), NET LIFE Financial Holdings ("NET LIFE Financial") and its joint partners, One Resource Group ("ORG") and Epic Financial Corporation ("EPIC") announced today that it is completing preparations for a widespread launch of its revolutionary financial instruments and in conjunction with ORG and its insurance carriers, are ramping up their staff accordingly.
NET LIFE Financial reports that this action comes immediately following last week's successful launch to a select group of mortgage brokers and realtors.
The recently installed new server is 2015 compliant and will handle all residential and commercial mortgage applications. The NET LIFE Financial IT department is concluding the on-line residential and commercial mortgage application testing with the new servers that have a capacity to accept 10,000 applications per hour.
A NET LIFE LCMO® (Life Collateralized Mortgage Obligation) is a residential, business or corporate real estate mortgage which is not based on credit history; only on the collateral. All that is required for which to qualify is: (a.) that you are healthy, (b.) that the property maintains and sustains its stated value and (c.) that you have the income to pay your mortgage. All NET LIFE LCMO® mortgages are processed, managed and serviced exactly like a conventional mortgage without all of the red-tape qualification. NET LIFE has only reinvented the "vehicle," not the "wheel" it rides upon.
A NET LIFE LCDO® (Life Collateralized Debt Obligation) is our second revolutionary product which has been formulated specifically for individuals and businesses seeking to raise capital. A NET LIFE LCDO® is an asset-backed lending process which is secured by the underlying collateral. A NET LIFE LCDO® is not based on credit history; only on the collateral. All that is required for which to qualify is: (a.) that you are healthy, (b.) that the asset(s) maintain and sustains its stated value and (c.) that you have the income to pay your loan. All NET LIFE LCDO® loans are processed, managed and serviced exactly like a conventional note or loan without all of the red-tape qualification. NET LIFE has only reinvented the "vehicle," not the "wheel" it rides upon.
ORG and EPIC will market and process the NET LIFE product-line (LCMO and LCDO) including the life insurance portion through their life insurance carriers and agents in all fifty states, including asset management organizations and independent financial advisors. Marketing strategies will include insurance agents, mortgage brokers, realtors and other independent financial advisors throughout the United States.
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Over-the-Counter QB under the symbol "FFFC." The Company currently operates in the financial services industry.
About NET LIFE Financial Holdings
NET LIFE Financial Processing, Inc., a wholly owned subsidiary of FFFC, is a development stage company formed in 2013 and recently acquired the assets related to the processing and servicing of loans generated from NET LIFE Financial Holdings Trust (www.NETLIFEFinancial.com). NET LIFE has developed unique financial products principally for the mortgage industry.
About One Resource Group
One Resource Group (ORG) (www.orgcorp.com) is a Brokerage General Agent (BGA) working in the wholesale insurance and financial service industry, bringing insurance companies and agents together, operating in all 50 states. In 2008 ORG was the recipient of the Ernst and Young Midwest entrepreneurial winner of the year for Midwest Region. ORG is an industry leader representing over 100 life insurance carriers, and distributes products through 27,000 Financial Advisors and institutional accounts providing turnkey financial service platform consisting of Life Insurance, Annuity, Disability Income, Long Term Care, Worksite Marketplace Products, Group Products, Solo and Group 401(k) Products, Dental and Vision, Medicare Supplement and Critical Illness.
Epic Financial Corporation
Epic Financial Corporation (www.epicsmartpay.com) is a diversified financial service company with four divisions encompassing various sectors in the financial service industry to include state of the art debt management software for consumers and financial professional, wholesale insurance services, financial literacy and commercial loan sale advisory services. Epic and its affiliates focus on CPAs, financial advisors, broker dealers, insurance companies, professional associations, mid-sized mortgage bankers, independent community banks, and employee benefit platforms to deliver this unique product and service platform.
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.
For Further Information Contact:
NET LIFE Financial Processing, Inc.
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