FNDS3000 Reports Prepaid Card Activations and Volume of Cash Loads Marks Notable Quarter-Over-Quarter Increase

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.

For the three-month reporting period ended August 31, 2010, FNDS3000 estimates that it closed the quarter (and its fiscal year) with approximately 23,700 prepaid cards issued and activated – up nearly 56% over 15,200 cards issued and activated as of the end of the third fiscal quarter.  Moreover, the Company noted that the total volume of cash loaded onto its system in the fourth fiscal quarter also increased substantially, rising 140% over the total volume of cash loaded in the immediate preceding quarter.

Continuing, Klein added, "As we continue to work towards expanding our customer base and educating South African consumers on the numerous benefits and advantages of using our prepaid cards in lieu of carrying cash, we have every reason to believe that our growth trajectory will continue to be pronounced."

John Hancock, Chief Executive Officer of FNDS3000, concurred, stating, "Given the emerging trends we are seeing in our South African operations and notwithstanding any unexpected challenges, we appear to be on pace to achieve our objective of activating 100,000 prepaid cards within the next 12 months."

About FNDS3000 Corp

Headquartered in the U.S. with operations in South Africa, FNDS3000 Corp is engaged in executing a series of international growth initiatives designed to position the Company as a major player in the world's fastest growing payment card segment: prepaid cards.  Given that 40% of the adult population in South Africa is currently unbanked or underbanked, FNDS3000's initial focus has concentrated on offering tailored prepaid card programs and services to business customers in this developing prepaid market, including network branded and closed loop programs that support employee payroll, insurance, medical aid, gift cards, prepaid cellular charges and small-scale international transfer of funds. The Company provides these programs and services through a proven, proprietary U.S. processing platform that has been designed for international and cross border capability.  For more information, please visit, or follow us on Twitter @_FNDS3000.  

Forward Looking Statements

Matters discussed in this press release contain forward looking statements.  Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance, or achievements of the Company. Such risks and uncertainties include, but are not limited to, the potential loss of our relationships with each of the parties that sponsor our cards and banks that manufacture, issue, and own the cards; the loss of our service providers; security breaches of our electronic information; the inability to raise sufficient capital to fund its operations; and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise its forward looking statements even if experience or future events make it clear that any of the projected results expressed or implied herein will not be realized.

SOURCE FNDS3000 Corp

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