FastFunds Financial Corporation Announces Letter of Intent for Acquisition of Engineering Procurement Company.

WEST PALM BEACH, Fla. -- FastFunds Financial Corporation (OTCBB: FFFC) announced today that it has executed a letter of intent to acquire Industrial Systems, Inc. ("ISI"). ISI, founded in 1991 and based in Delta, Colorado, provides turn-key engineering procurement and construction services to the mining, energy and natural resources industries throughout the United States. The letter of intent calls for FastFunds to acquire 100% of the outstanding securities of ISI in an all stock tax-free transaction. While specific details are being negotiated as part of a definitive agreement, terms of the letter of intent call for the stockholders of ISI to own approximately 65% of the Company's common stock at closing of the transaction, with the potential to earn an estimated additional 6% based on post-closing incentives. Completion of the transaction is subject to further due diligence by each party, negotiation and execution of a definitive agreement, and other customary pre-closing conditions, and is anticipated to occur in approximately 60 days.

ISI announced today that it has been awarded an $11 million design build contract with a U.S. coal producer and received an initial payment of $1 million. Work has begun and is scheduled to be completed during 2007 for the construction of a complete coal mining facility.

About Industrial Systems, Inc.

With over $85 million in total sales during its 16-year history to a wide variety of more than 100 clients including some of the country's largest natural resources companies, ISI is able to provide major capital engineering, procurement, management and construction services.

Utilizing their 38,000-square-foot indoor fabrication facility, ISI has the ability to develop and construct a wide range of underground and surface infrastructures providing crafts and capabilities including: tank fabrication and erection; process plant construction; industrial/commercial construction; electrical design and installation; instrumentation design and installation; fire suppression systems; and mechanical equipment erection.

ISI is directing a major portion of its marketing focus to recently announced government plans for the production of oil shale. The U.S. Bureau of Land Management recently issued research, development and demonstration leases for five oil shale projects and it is estimated the land may hold the equivalent of 800 billion barrels of shale oil that is potentially recoverable. ISI intends to pursue infrastructure development contracts for these projects in the Western United States.

FastFunds Financial Corporation is a holding company with limited business operations. The Company is majority owned by Hydrogen Power, Inc. (OTCBB: HYDP), an alternative energy company based in Seattle, Washington.

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.