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F3 Technologies, Inc. : F3 Technologies Updates Pinksheets in Its Effort to Be Designated a Current Information Filer
ATLANTA, GA--(Marketwire - August 14, 2009) - F3 Technologies, Inc. (
F3 has submitted its quarterly reports through the OTCIQ service and is fully up to date on its financial filings. The reports cover its quarterly obligation for the period ending June 30, 2009. With these latest statements posted, the Company will then seek to submit a signed attorney letter regarding completeness of disclosure in order to meet all the requirements necessary to be placed in the "Current Information" classification. The Information Statement falls in the desirable "Current Information" category as defined by Pink Sheets.
"This new status will appropriately put us in the 'Transparent' tier as designated by Pinksheets.com. As I have previously stated we are making transparency with shareholders a top priority," stated Frank Connor, CEO of F3 Technologies. "Achieving the 'Current Information' classification is important to us because it not only demonstrates a commitment on our part to keep shareholders informed but also enables more shareholders to participate in our common stock."
James Canouse, President of F3 Technologies, stated, "We believe that making this filing is the first step in a series of many upcoming events in our effort to move the company forward on all fronts. We continue to improve both Ascend and Interaction products on a weekly basis and with the new addition of Paul Campbell to the team our sales efforts are now headed in the right direction. As we have previously reported our share structure remains stable with 62mm shares outstanding and only 32mm shares in the float. We hope to communicate some more positive progress to our investors next week including new agreements for Interaction and updates regarding completion of multiple Ascend Betas."
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.
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.