SOURCE: F3 Technologies, Inc.

F3 Technologies, Inc.

March 24, 2010 09:20 ET

F3 Technologies, Inc. Continues to Experience Strong Demand for Products and Services

ATLANTA, GA--(Marketwire - March 24, 2010) -  F3 Technologies, Inc. (PINKSHEETS: FTCH), is pleased to update our valued shareholders regarding the company's progress to date.

Highlights:

  • During the first 2 months of the year, Interaction Community System added 23 new customers including 4 property management companies, 14 HOAs, 3 Churches and 2 Member Associations.
  • Page views on the Interaction Community System have increased an average of 96.5% month over month since the fourth quarter of 2009. This explosive growth continues to demonstrate the value people place on social-based community websites.
  • TLEHS Publishing added 10 communities to Interaction Community System and launched an aggressive marketing campaign in the middle of February to drive advertising volume.
  • Paymenting LLC. added two (2) property management companies. They are also working aggressively to expand their payment processing options to include lockbox capabilities. With Lockbox functionality, Paymenting will be capable of handling all of the payment processing needs (eCheck, Credit Card and Check) of our communities.
  • In response to customer feedback, F3 launched two (2) new services that will improve communication and transparency with our customers and solves an important problem for volunteer-based communities. Our new services are Website Management Services and Interaction Support News.
  • As previously mentioned, during the fourth quarter 2009 F3 successfully completed our beta of the Ascend Website product. Subsequently, F3 has signed the first Ascend Website customer for web development & hosting.
  • We are nearing the completion of our development efforts for FargoTube and anticipate a product launch in early Q2. As we approach the launch date, further details will be shared with you on this exciting and innovative social networking video content delivery platform.

About F3 Technologies, Inc. -- Founded in 2003, F3 Technologies, Inc. (FTCH) delivers on-demand internet solutions to member associations, consumers and small businesses. More information can be found at www.f3technologies.com.

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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.

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