SOURCE: F3 Technologies, Inc.

August 26, 2009 17:06 ET

F3 Announces the Completion of the Beta Version of Our Next-Generation Ascend Store Product and Updates Regarding Interaction Agreements

ATLANTA, GA--(Marketwire - August 26, 2009) - F3 Technologies, Inc. (PINKSHEETS: FTCH), an Atlanta-based SaaS development company and application service provider, is pleased to announce that a beta version of our next-generation Ascend Global Business System Store is currently in beta testing with customers.

The Ascend Global Business System (Ascend) is an all inclusive, modularized business solution that focuses on solving the needs of small to mid-sized companies. With the Ascend solution, a business has the flexibility to choose only what features are most important today while having the confidence in knowing that a robust solution is available as their business grows.

The Ascend Store empowers a small business to compete on a global scale by enabling them to expand their store and products to reach customers who wish to shop on-line. From managing inventories across one (1) or more locations, to website design and hosting, to enabling new and repeat customers to purchase through the web -- Ascend Store provides everything a small business needs to start growing their business online.

Select Functions from Ascend Store are:

--  Payment Processing
--  Product & Shipping
--  Marketing & Merchandising
--  Multi-Location Inventory Controls for Suppliers and Sales
    

"Time and cash are constantly in short supply at a small business. Therefore, it was imperative that we focused on delivering a solution that was easy-to-use and flexible enough to anticipate the demands of a growing business. With the Ascend Store and full suite of Ascend products, the small business owner now has powerful new tools to help them reach prospective customers through new channels, more efficiently manage their inventory levels and lets them focus on their core business," said Paul Campbell, EVP of F3 Technologies.

On matters concerning Interaction, F3 today confirmed that by way of notice the marketing agreement between F3 and the Texas Marketing Group that was announced on June 4th of this year has been terminated.

Per the Twitter updates that went out today, F3 has launched its new website at www.interactioncs.com. Today, F3 has sent re-introduction letters to roughly 103 sales leads that have come in through the Interaction website as well as sent an email marketing blast to over 2300 property management companies that we believe would greatly benefit from the Interaction Community System.

In the next few weeks F3 intends to talk more about its 2 new Interaction services, and upcoming video conferences with both Paul Campbell and Frank Connor.

About F3 Technologies, Inc.

F3 Technologies, Inc. (F3) is an Atlanta-based Software-as-a-Service development company and application service provider.

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.

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