PONTE VEDRA BEACH, Fla., Sept. 24 -- FNDS3000 Corp (BULLETIN BOARD: FDTC) (Frankfurt: "FT4," A0MWLG) announced that its recently acquired wholly-owned subsidiary, Atlas Merchant Services, LLC, has launched a new product, "Atlas Restaurant Solutions," an on-line ordering system that provides restaurateurs a low-cost and immediate solution for exposure on the internet. The on-line ordering system gives the restaurant owner the ability to take orders and payments over the internet, in addition to promoting its restaurant and product offerings.
Joe McGuire, Chief Financial Officer of FNDS3000 stated, "Today's announcement, coupled with our recently released news of the launching of our initial payroll card program in South Africa, positions FNDS3000 to generate positive cash flow in 2009. In South Africa we are projecting the issuance of approximately 1.2 million prepaid debit cards before the end of 2009 and expect to receive a predictable and recurring revenue stream of approximately $5 per card per month.
"Today's product launch is a perfect fit with our business model of capturing predictable and recurring revenue with each installation. Our five-year goal with this product is to penetrate up to 10% of the potential market of over one million locations that can utilize our on-line solution. Additionally, we expect to market this product internationally in the near future," added McGuire.
Victor Gerber, Executive Vice President of the Americas of FNDS3000 stated, "We are pleased to announce our new product launch, 'Atlas Restaurant Solutions.' Our merchant relationships rely on Atlas to deliver quality products that enhance their businesses. Our on-line ordering solution provides an economic and simple solution for restaurants to increase their take-out and delivery business by over 20%. In addition, we provide them with an important marketing presence on the internet. Our Atlas Restaurant Solution division features a suite of products and services designed specifically to grow their businesses."
"Using on-line ordering from Atlas Restaurant Solutions has been the best business decision I have made since opening my restaurant," stated Miso Portillo, the owner of Rudy's New York Pizza, in Duluth, GA, www.rudysnypizza.com. "I gave my menu to Atlas Restaurant Solutions and two days later my customers were ordering from my restaurant online! Sales have increased as a result and so have operations. My employees are very happy with the easy-to-use program and customers love having the option of ordering on-line. The Atlas Restaurant Solutions team has provided excellent, continuous customer service. I have already recommended Atlas Restaurant Solutions on-line ordering solution to many of my fellow restaurant owners."
About FNDS3000 Corp:
FNDS3000 Corp (BULLETIN BOARD: FDTC) (Frankfurt: "FT4," A0MWLG) is a financial transaction processing company providing prepaid debit card and merchant processing solutions. We provide prepaid debit cards to a market with over 1 Billion individuals worldwide who do not have bank accounts, estimated at over $100 Billion in annual revenue. Our products allow employers to replace payroll checks for all workers. In addition, employers can use our products in lieu of cash to pay employees -- this may be greater than 50% of the worldwide working population. Domestic and international sharing of money, similar to Western Union(TM), is a key feature of our solution. This market is estimated to be over $100 Billion annually. Many of our products carry worldwide brand marks and can be used anywhere in the world that accepts those brands. Other services include gift cards, bill pay, prepaid cellular and other prepaid products.
Our merchant processing solutions provide comprehensive credit, debit, and check card payment programs. We are dedicated to the service and profitability of our merchants. The combination of card issuing and merchant processing enables FNDS3000 to provide turnkey financial transaction solutions to virtually any market worldwide.
CONTACT: David Fann, President, dfann@FNDS3000.com, or Joe McGuire, Chief Financial Officer, jmcguire@FNDS3000.com, both at +1-904-273-2702, both of FNDS3000 Corp; David Jones, General Manager of Atlas Restaurant Solutions Online Ordering, +1-800-770-9620, david@atlaspointofsale.com Company Information: Name: FNDS3000 Corp. Address: 818 A1A North, Suite #201 City: Ponte Vedra Beach State: FL ZIP: 32082 Country: USA Phone: 904-273-2702 http://www.fnds3000.com/
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