FundsTech President Updates the Investor Community At Wall Street Reporter.com On How Recent Additions to Corporate Leadership Advance His Global Strategy


NEW YORK, May 24, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter Magazine has just published an exclusive interview with David Fann, president of FundsTech Corp. (OTCBB:FNDS), in which Mr. Fann expands on recent comments by welcoming noted European banker Pierre Besuchet to his company's board of directors.

"We wanted to attract people to our board that could help us, actually open some doors for us," he tells Wall Street Reporter senior analyst Matt Schilling. "We hired Pierre to our board. He has over 50 years of experience in the banking industry. He knows the banking industry, he's well respected. He can open a lot of doors and he's leading the charge."

Mr. Besuchet previously held various senior management positions with UBS, Banque Nationale de Paris, Banca della Svizzera-Italiana-Geneva, and Credit Suisse. He is also a director of Faisal Private Bank (Switzerland) SA (www.faisalprivatebank.com).

In his relationship with FundsTech, Mr. Besuchet will help bring the company's prepaid debit payment products to the attention of the global banking community, Mr. Fann tells Wall Street Reporter. "He's already introduced us to some banks who are interested in issuing our prepaid debit cards in various countries in Europe, the Middle East, and Africa."

Mr. Fann's recent commentary is now available at wallstreetreporter.com/profile.php?id=24405 in streaming audio, MP3, and text format -- all free of charge. Other topics of investor interest touched on in the course of the interview include:

-- The prospect of further additions to the FundsTech management team ahead, including the appointment of EMEA and U.S. business heads.

-- How the company's oversubscribed recent capital round puts it in position to execute the next phase of its business plan. "What you should expect to hear from us in the near term is some of those banking relationships being announced," Mr. Fann says. "We have customers in place ready to go."

For those investors seeking more detailed background on FundsTech, its portfolio of financial services technologies, and Mr. Fann's strategy, a second exclusive interview (also free of charge) is also available from Wall Street Reporter in streaming audio, MP3, and text format at wallstreetreporter.com/profile.php?id=24100.

High points of that more extensive interview include:

-- FundsTech's objective of introducing prepaid debit cards to "virtually untapped" global markets in the Middle East, Europe, India, China, and elsewhere.

-- A recent alliance with South African software vendor Symelation to provide an initial 45,000 cards in that market.

-- The prospect of profitability by 2008 as revenue streams widen.

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About FundsTech Corp.

FundsTech Corp is a financial transaction processing company that provides various programs and solutions to financial institutions, businesses and individuals on a worldwide basis. These solutions consist of the following:


 * Financial transaction processing solutions that consist of software
   and hardware specifically designed for the debit card industry.

 * Direct deposit solutions for businesses where a large percentage of
   their employees are unbanked.

 * ATM/Debit (FTC CashCard) and Prepaid Debit MasterCard cards.

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.



            

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