"We firmly believe that the prospects for Equitex with the recent addition of Hydrogen Power, Inc. warrant us moving immediately forward given there are some strong alternative public trading markets," stated Equitex President, Henry Fong. "We are taking the steps necessary to position Equitex for potential listings and will keep our stockholders informed as this process progresses. While we acknowledge this situation might cause a certain amount of temporary confusion with respect to trading of the stock, we believe these actions are in the best interest of our Company and its stockholders over the long term and we remain steadfastly committed to maximizing the value of this Company for our stockholders."

Equitex, Inc. is a holding company now operating through its wholly-owned subsidiary Hydrogen Power, Inc. of Seattle, Washington (www.hydrogenpowerinc.com) and its majority owned publicly-traded subsidiary FastFunds Financial Corporation (OTCBB:FFFC - News) of Minnetonka, Minnesota. Hydrogen Power has licensed and is developing a patented technology for producing hydrogen gas in a process called Hydrogen Now(TM). FastFunds Financial recently sold a majority of its operating assets and currently has limited business operations.