FastFunds Financial Signs Letter of Intent for Acquisition of Cheque Change Holdings Ltd.

MINNEAPOLIS -- FastFunds Financial Corporation (OTCBB:FFFC) ("FastFunds" or the "Company") announced today that it has executed a letter of intent for the acquisition of Cheque Change Holdings Ltd based in Leamington Spa in the United Kingdom. Completion of this transaction is subject to further due diligence by each party, negotiation and execution of a definitive agreement, and any necessary board of director and regulatory approvals.

Cheque Change is a check cashing company with five outlets in the United Kingdom and is negotiating to purchase another 17 stores in South London. The company has a history of profitability and in addition to check cashing services provides worldwide money transfer services.

"The acquisition of Cheque Change will give Fast Funds a foothold in Europe and the opportunity to import the experience, skills and technology developed by Chex Services into this new market," stated FastFunds Chief Executive Officer, Graham Newell. "It should also provide us a platform to partner with local banks and push into the European casino business with our various products and services."

FastFunds Financial Corporation is a holding company operating through its wholly owned subsidiaries, Chex Services, Inc. of Minnetonka, Minnesota, and FastFunds International, Inc. based in London, England. Chex Services provides comprehensive cash access services to casinos and other gaming facilities under the trademarked name FastFunds. The Company specializes in, and is the industry leader for, full booth operations to Native American casinos and has developed a suite of cash access products for use in the traditional gaming and retail markets. Chex Services' website is located at www.fastfundsonline.com. 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 (f/k/a Seven Ventures, Inc.) 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; failure to complete the acquisition of Cheque Change Holdings Ltd; 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; 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.