FastFunds Financial Corporation and NET LIFE Financial Complete Preparation for Widespread Launch of Its Revolutionary Financ...
April 02 2013 - 8:00AM
Marketwired
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.
FORWARD-LOOKING STATEMENTS 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. support@netlifefinancial.com