SOURCE: F3 Technologies, Inc.

F3 Technologies, Inc.

April 19, 2011 12:16 ET

A Letter From the CEO of F3 Technologies

ALPHARETTA, GA--(Marketwire - Apr 19, 2011) - F3 Technologies today issued the following letter to shareholders from CEO Frank Connor: Good afternoon my fellow shareholders. On behalf of myself and our impassioned team here at F3 (PINKSHEETS: FTCH), I'd like to thank you for your continued support of our emerging technology company. 2011 has set us off on a frantic pace to achieve seven key objectives to better position the company for success in the near future. Specifically, we set out to:

1. Update the FargoTube business model to include monthly fees for use of our professionally designed and custom themes.
2. Update the FargoTube platform to allow increased monetization options by allowing customers to set pricing options for the streaming, downloading, and renting of all media types.
3. Complete the new Ditto Music digital distribution platform to 1. Increase the amount of music and video content to FargoTube, and 2. Increase the number of users using FargoTube as their straight-to-consumer fan-site presence.
4. Integrate Ditto Music's distribution capabilities into FargoTube to enrich the ecosystem of services we provide to the music industry and greatly enhance the revenue-generating capabilities of the FargoTube platform.
5. Update the Interaction Community Systems pricing model to generate greater interest across the board for all customer types.
6. Completely automate the payment and on-boarding process for our Interaction product and re-tool and re-launch the Interaction website to take advantage of this completely automated process.
7. Launch a new technology to complement and enhance the design capabilities of all of our major platforms.

I am happy to announce that we are on target to meet or launch all seven of these key objectives by the end of April. As a whole the company has positioned itself very well over the past 15 months and I feel we are in the early phases of a major surge in company growth. In the last two weeks alone the company has added roughly ten new customers to the FargoTube and Interaction platforms and we expect to be able to announce major milestones in the expansion of both platforms in the weeks to come.

The next few months will also show investors and customers alike some new innovations the company has been working on, as well as some investments the company has made in an effort to establish long-term stability and revenue growth. The company will continue to execute its business plan to go after the $67.6 billion music industry and 300,000 home owner associations and 100,000 churches nationwide. As the company's largest shareholder I am extremely excited about the current state of our company and the continued revenue growth we've shown over the last several quarters. With our objectives met and several new revenue-generating products coming soon to the marketplace I continue to expect revenue to grow steadily in the quarters to come. As such I continue to hold and maintain my position in what I believe to be one of the most innovative companies in the world.


Frank Connor

Contact Information

  • Frank Connor
    Chief Executive Officer
    F3 Technologies Inc.
    Email Contact