"Given our recent acquisition of Hydrogen Power, Inc., we felt now was the logical time to change our name to more accurately reflect the nature of our business and to more easily identify the business to our corporate name," stated Equitex President Henry Fong. "There are various steps necessary to fully effectuate the change and we will notify our stockholders once the process has been completed."

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) 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.