SOURCE: F3 Technologies, Inc.

F3 Technologies, Inc.

August 19, 2010 10:00 ET

F3 Technologies Launches Advisory Board With Banking-Software Entrepreneur

ALPHARETTA, GA--(Marketwire - August 19, 2010) - F3 Technologies, Inc. (PINKSHEETS: FTCH) has appointed software entrepreneur Tom Shen as its first Advisory Board member and is holding the board's first meeting today in its corporate headquarters in Alpharetta, Georgia.

The board will meet each quarter for one full day and hold monthly updates via telephone or video conference calls. Its members will discuss the full range of F3's activities, from product development to marketing and sales strategies, operations, industry trends, financial management, and mergers and acquisitions.

The board will eventually consist of three to five members, drawn from industries served by F3's specialized social networking platforms. The company's key services are FargoTube, an online video/entertainment service; Interaction Community Systems, an online platform for managing HOA's finances and communications; and Interactive Defense System, a communications platform for public-safety agencies and municipal governments.

Shen and the other board members are being chosen for their business talents and national name recognition. They will help to expand both F3's knowledge base and its customer base.

"Most or all will be known and respected nationally in their industries, allowing them to open doors for F3's innovative software services, which are already growing in sophistication. Some, like Shen, will also be unusually savvy businesspeople in their own right," F3 Chief Operating Officer Paul Campbell said.

"Tom epitomizes what we're seeking in the advisory board," Campbell said. "He knows software and he knows business and the software and business worlds know him. Today is another milestone in F3's progression from strong ideas to strong business."

Shen immigrated in the 1970s as a teenager from Taiwan to California, where he began his career in financial software services. He founded Software Dynamics, Inc., in 1982 and expanded it to a $20-million annual business focused on financial software before selling it to S1 Corp. in 2001 and retiring from S1 in 2003.

In 2005, Shen joined Digital Insight, a nationally recognized provider of software to the banking industry. As executive vice president of product, engineering and operations, he helped launch a family of innovative online tools that revolutionized the banking industry by combining online banking with financial management. He remained with the company for several months to ensure a smooth transition after it was acquired by Intuit, Inc., in 2007.

Shen has since focused on advising start-up firms in a range of technology industries. He also serves on the board of directors of CBG Holdings, Inc., an Austin, Texas-based provider of banking software.

"We welcome the knowledge and experience that Tom will bring to F3 at a critical time when our platforms are poised for aggressive and strategic growth," Campbell said. "Tom knows how to fine-tune and market software to specialized user bases, and he believes F3 is doing the same with its own online platforms."

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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