SOURCE: F3 Technologies, Inc.

F3 Technologies, Inc.

August 18, 2010 10:25 ET

F3 Technologies' FargoTube Service Signs With Copyright Giant BMI

ALPHARETTA, GA--(Marketwire - August 18, 2010) -  F3 Technologies, Inc. (PINKSHEETS: FTCH) has signed an agreement for its FargoTube video and entertainment service with Broadcast Music, Inc., the nation's largest performing rights organization in terms of copyright owners represented.

The agreement is a pledge by F3 for FargoTube to compensate BMI's artists appropriately for all content that is uploaded to and streamed through FargoTube. Nashville, Tenn.-based BMI enforces copyrights on behalf of 400,000 musicians and other rights owners, including Paul Simon, Janet Jackson, The Rolling Stones and Tim McGraw.

The BMI relationship complements a similar agreement with SESAC, a Nashville-based organization formerly known as the Society of European Stage Authors and Composers. Both add to FargoTube's credibility because they underscore their common goal: helping artists and content owners regain control over and generate revenue from their own creations.

"These relationships highlight our firm stance on supporting artists and their right to monetize their work," F3 Chief Operating Officer Paul Campbell said.

The United States' three major performing rights organizations -- BMI, SESAC and the American Society of Composers, Authors and Publishers -- collectively represent close to 1 million copyright owners. A songwriter, band or music publisher typically affiliates with one of the three. The PROs operate like nonprofit trade groups, collecting royalties from various commercial sources and distributing the proceeds to copyright owners after covering administrative costs.

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Forward-Looking Statements
Certain statements in this release 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.

Contact Information

  • For more information, contact
    Paul Campbell
    (770) 521-8930