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F3 Technologies, Inc. : 250 Unit Condo Association Signs Up to Use Interaction

^{Published on 2009-07-21 10:11:51, Last Modified on 2009-07-21 10:11:58 - Market Wire}
 

ATLANTA, GA--(Marketwire - July 21, 2009) - F3 Technologies, Inc. (PINKSHEETS: [ FTCH ]) is very pleased to announce that its strategic partner and Interaction Community Systems reseller has signed yet another major community in South Florida. Coastal Group Publications (CGP) has enrolled Ocean One, a 250 unit high-rise, luxury condominium in Miami, to use the Interaction Community System to run their condo association. Coastal Group Publications is the exclusive reseller of Interaction Community System in South Florida and currently caters to roughly 15,000 homeowners through their newsletters.

"This is the 3rd association that has signed up in the South Florida market. Condominiums represent a very significant market for F3 and Interaction. Many of these homes are owned by international travelers either as their main residence and/or second home. Interaction enables all owners to stay informed and pay their association fees thru the system whether the homeowner is home or away overseas. Staying true to their Domino Effect quote several weeks ago CGP is well on their way to dominating the South Florida market," said Frank Connor, CEO of F3 Technologies, Inc.

Mark Valdes, CEO of Coastal Group Publications, said, "We believe that Interaction could very well dominate the South Florida HOA market. There are literally thousands of HOAs here that are in desperate need of an on-line system to streamline the business of running their association."

James Canouse, President of F3 Technologies, said, "We are very excited about the initial successes we are seeing from CGP but also believe that this is just the tip of the proverbial iceberg. We are also expecting to see great things from our partners in Illinois, Paymenting, LLC, as well as Hygeia Group, LLC, our partners in Texas. We are working on similar type arrangements with other groups around the US and hope to announce them very soon. As our business expands we are starting to explore certain acquisition opportunities that we believe will not only enhance our current product offerings but also bring existing revenue streams and ultimately enhance our shareholders value. We hope to have more information on these events as they unfold."

About F3 Technologies, Inc.

F3 Technologies, Inc. (F3) is an Atlanta-based Software-as-a-Service application service provider created to provide on demand internet solutions to consumers and small to mid-sized companies. F3 currently has three distinctive products: Fargotube.com, Ascend Global Systems and Interaction Community Systems.

Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as anticipate, believe, expect, future, may, will, would, should, plan, projected, intend and similar expressions. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (I) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.