JACKSONVILLE, Fla., Dec. 7 /PRNewswire-FirstCall/ -- FNDS3000 Corp (OTC Bulletin Board: FDTC) (Frankfurt: "FT4," A0MWLG) announced today the completion of the second closing of a non-brokered private placement financing agreement in which the Company raised a total of $1.8 million through the issuance of its common stock and warrants to Sherington Holdings, LLC ("Sherington") and Other Investors. In addition to the proceeds of the financing, the Company extended its mobile banking initiative for which a company associated to Sherington is contributing significant services. The material terms of the financing agreements are outlined in Form 8-K filed with the Securities and Exchange Commission on December 4, 2009. The closing took place on November 30, 2009. Together with the first closing the financing aggregated to a sale of 10,540,000 shares of common stock at $0.15 per share to Sherington for total cash funds received by the Company of $1,581,000. In addition a company associated with Sherington is providing specialist services to enhance mobile banking capabilities which the parties have valued at $250,000. The Company also sold 1,251,428 shares of common stock at $0.175 per share to Other Investors for total funds received by the Company of $219,000. For each share purchased by both groups of accredited investors, they will receive a warrant to purchase one share of the Company's common stock exercisable at $0.175 per share for 24 months from the date of the second closing. Other Investors included members of our management team, who are also Directors of the Company, along with other existing investors. The Company offered and sold the common stock and warrants to qualified accredited investors, in transactions exempt from the registration requirements of the Securities Act of 1933, as amended, and therefore the transactions have not been registered under the Securities Act or any state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. About FNDS3000 Corp: FNDS3000 Corp (OTC:FDTC) (BULLETIN BOARD: FDTC) (Frankfurt: "FT4," A0MWLG) is a financial transaction processing service company. Since its inception, its focus has been on the development and implementation of a variety of prepaid card programs outside the United States, including services to individuals who lack access to conventional banking services. FNDS3000 meets a vital need of companies that have financial dealings with such individuals by offering prepaid cards that can be tailored to the differing requirements of each customer. FNDS3000 intends to provide these services in both developed and underdeveloped nations through a proven U.S. processing platform that has been designed for international and cross border capability. Many of these FNDS3000 products carry worldwide brand marks and can be used anywhere that accepts these brands. Programs that can be supported include payroll, insurance, medical aid, gift cards, prepaid cellular charges and small-scale international transfers of funds. Forward Looking Statements Matters discussed in this press release contain forward looking statements as defined under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance, or achievements of the Company. Such risks and uncertainties include, but are not limited to, the potential loss of our relationships with each of the parties that sponsor our cards and banks that manufacture, issue, and own the cards; the loss of our service providers; security breaches of our electronic information; the inability to raise sufficient capital to fund its operations; and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise its forward looking statements even if experience or future events make it clear that any of the projected results expressed or implied herein will not be realized. http://www.fnds3000.com/ DATASOURCE: FNDS3000 Corp CONTACT: Joe McGuire, Chief Financial Officer of FNDS3000 Corp, +1-904-273-2702, Web Site: http://www.fnds3000.com/

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