SOURCE: F3 Technologies, Inc.

June 10, 2009 16:05 ET

F3 Technologies Appoints New President to Take Company to the Next Level

ATLANTA, GA--(Marketwire - June 10, 2009) - F3 Technologies, Inc. (PINKSHEETS: FTCH), an Atlanta-based SaaS development company and application service provider, is pleased to announce today that it has appointed James Canouse as the new President of the Company.

Mr. Canouse's seventeen years of business experience spans across a multitude of industries and markets, ranging from investment banking and research, to technology and family entertainment. Some of his selected previous roles include serving as Sr. Vice President and Head of Investment Banking of J.P. Carey Securities, Inc., Co-founder and Senior Vice President of Sales at Corpfin.com, an on-line investment banking platform and most recently consultant to F3 Technologies, Inc. During the time he was building and growing his own business ventures, Mr. Canouse also consulted for other private industry companies on business start-ups, expansion, operations, technology and marketing. Mr. Canouse holds a B.B.A. from the School of Business Administration at Stetson University.

Mr. Canouse has been consulting F3 Technologies for the past several months. During this time, Mr. Canouse has reached out to the investment community, consulted on several projects for F3 Technologies including the marketing plan, reseller agreements, pricing models and revenue streams. Mr. Canouse's main objective in the near term is to hire and train a direct sales force to work in conjunction with the many reseller programs already in place.

"Over the length of my career I have worked with hundreds of companies that have come to me and my firm seeking financing and consultation. I have worked with CEOs and CFOs of all walks of life and businesses and never have I been presented with such a rare opportunity to work with such a dynamic and promising company as F3 Technologies, Inc. F3 Technologies presents a tremendous growth opportunity with a strong suite of innovative on-demand software solutions. I can foresee F3 Technologies someday soon competing in the same space as Youtube, Facebook and Salesforce.com. I am looking forward to increasing the value of the Company through additional sales and strategic alliances that will bring long-term recurring revenues, stability and profitability to the Company," stated Mr. Canouse.

Frank Connor, CEO of F3 Technologies, stated "We are very excited to have Mr. Canouse join our team here at F3 on an official basis. Mr. Canouse has been consulting F3 on many issues over the last several months and has worked hard to get us where we are today. Mr. Canouse has been intimately involved in several of our strategic partnerships including the most recently announced marketing agreement with our partners in Texas. This is just the first of many appointments to the team at F3 as we seek to build our executive and sale team to take F3 Technologies and their products to the next level."

About F3 Technologies, Inc.

F3 Technologies, Inc. (F3) is an Atlanta-based Software-as-a-Service development company and application service provider created to provide on demand internet solutions to consumers and small to mid-sized companies. F3 currently has three distinctive products: Fargotube.com, Ascend Global Systems and Interaction Community Systems. It is F3's goal to provide the necessary systems and tools to help its end user realize personal, professional, social, and business oriented goals.

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. 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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