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FundsTech reports US card deals

09 January 2008  |  1830 views  |  0 Source: FundsTech

FundsTech (OTC Bulletin Board: FNDS), (Frankfurt 'FT4', A0MWLG) a financial services company, announced today that it has added additional customers in the U.S.

FundsTech Corp (FTC) has received an order for additional U.S. programs. These projects are a series of card programs in the General Spend, Gift and Teen markets that will be marketed through a network of thousands of retailers. The program will deploy in the first quarter of 2008.

Joe Tumbarello, Chief Operating Officer of FundsTech Corp, stated, "Strategically we knew the market for Prepaid was exploding domestically and globally. We continue to deliver programs through our distribution partners while we prepare to launch abroad. Many of our U.S. distributors plan on leveraging our African and European platforms for greater reach and growth. Our next key corporate goal is to become cash flow positive in the third quarter and believe we have the processes in place and the programs in the sales pipeline to achieve this goal."

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