FastFunds Financial Closes Sale of Certain Chex Services Assets.

MINNEAPOLIS -- FastFunds Financial Corporation (OTCBB: FFFC) announced today that it has closed its sale of certain assets of its wholly owned subsidiary, Chex Services, Inc., to Game Financial Corporation, a subsidiary of Fidelity National Information Services, Inc. (NYSE: FIS). Prior to the asset sale, FastFunds, through Chex Services, provided comprehensive cash access services including check cashing, automated teller machine access, and credit and debit card cash advance services to gaming and retail establishments in the United States, Canada and the Caribbean. Fidelity National Information Services, Inc. is a leading provider of core financial institution processing, card issuer and transaction processing services, mortgage loan processing and related information products and outsourcing services to financial institutions, retailers, the gaming industry, mortgage lenders and real estate professionals.

FastFunds Financial Corporation is a holding company operating through its wholly owned subsidiary, Chex Services, Inc. of Minnetonka, Minnesota. The Company is majority-owned by Equitex, Inc. (NASDAQ: EQTX), a holding company based in Englewood, Colorado.

The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Securities and Exchange Commission filings of FastFunds Financial Corporation or its majority owned parent company Equitex, Inc.; economic downturns affecting the operations of FastFunds Financial Corporation its subsidiaries or companies proposed for merger or acquisition; the loss of contracts or failure to acquire new contracts; success of any legal actions; failure to successfully implement newly developed product lines including projected increases in revenues or earnings; the inability to initiate or complete any contemplated restructuring, offering, acquisition, disposition or other transaction; adverse financial performance by FastFunds Financial Corporation or its subsidiaries; failure to obtain or maintain regulatory approval for products and services offered by FastFunds Financial Corporation or its subsidiaries; adverse equity market conditions and declines in the value of FastFunds Financial Corporation common stock; failure to satisfy contingencies or conditions to close the transactions; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and FastFunds Financial Corporation disclaims any intent or obligation to update these forward-looking statements.