E-Mail This Article Printer-Friendly Version Waterville Research Company Overview Product Overview Sales and Marketing First Focus - South Africa A Competitive Market Management Prospects for the Future FundsTech September 2007 Update Funds Tech - January 2008 Update Next Page Stock Information Stock Price Recent Press Releases SEC Filings FundsTech - Waterville Report in PDF FundsTech - Waterville Report in PDF

Company Overview

FundsTech Corp

10033 Sawgrass Drive West

Ponte Vedra Beach, FL 32082

904-273-2702

www.FundsTechCorp.com

FundsTech Corp (Bulletin Board: FNDS) is a financial services company that provides prepaid debit cards to the over 1 billion working population worldwide who do not have a bank account. This market is estimated at over $100 billion on an annual basis. The FundsTech Cash Card allows the employer to replace payroll checks for their un-banked workers. In addition, it allows employers to use the FundsTech Cash Card where they now have to pay their employees in cash, which is estimated to be over 50% of the worldwide working population. The FundsTech Cash Card also allows for the domestic and international transfer of money (replaces Western Union) which is also a market estimated to be over $100 billion annually. The FundsTech Cash Card can be used anywhere in the world that accepts MasterCard or Visa. Other services include Gift cards, bill pay, prepaid cellular, etc. The FundsTech prepaid cards presently marketed primarily targets the sub-prime credit market, which consists of customers who cannot qualify for a credit card or bank account and/or who are otherwise unattractive to banks, typically with no credit history or very low income. Instead of being linked to a personal checking or savings account or operating as means of credit, the prepaid card is prepaid and all transactions are immediately deducted from the card account balance. The card is reloadable, meaning that customers may add to the card balance when they wish to reuse the card. The card is designed so that an individuals pay from the payroll can be loaded directly to the card. FundsTech markets prepaid cards predominantly under the FundsTech brand and also privately labels prepaid cards for clients. The Company generates revenue by charging user fees using a variety of methods, including a monthly flat fee or a transaction fee for each transaction processed. These products provide solutions to the following groups:

Individuals -There are two types of cards that FundsTech issues: a) a pin based prepaid card (FTC CashCard); and b) a pin or signature based (FTC CashCard) Prepaid MasterCard card. These cards can be used to:

• Withdraw cash at virtually any ATM worldwide
• Purchase products and services over the internet, over the phone or at millions of retail locations worldwide
• Transfer of money between friends or relatives worldwide
• Users can pay bills through our web-based and IVR systems.

Business - Employers benefit from FTC CashCard programs by using the card to directly deposit payroll to those employees that currently require payroll checks or use it for expense accounts or emergency expenditure purposes.

Financial Institutions – FundsTech provides a turnkey solution to financial institutions that would like to provide FTC CashCards to individuals that are currently unbanked.

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