SOURCE: F3 Technologies, Inc.

F3 Technologies, Inc.

August 23, 2011 09:30 ET

F3 Technologies in Negotiations for Large Movie Catalog

ALPHARETTA, GA--(Marketwire - Aug 23, 2011) - F3 Technologies, Inc. (PINKSHEETS: FTCH) announced today that it has entered into negotiations with a third-party to acquire the distribution rights to a massive movie catalogue.

"Acquiring a movie catalogue of this magnitude will undoubtedly catapult FargoTube to the forefront of the ever growing movie monetization business," F3 CEO Frank Connor said. "With the ability to set multiple pricing options on the FargoTube platform we'll be able to provide customers with more choices and greater flexibility on how they want to access their favorite content. Even more important, the producers/owners of these films will get a drastically increased share of revenues than they currently get on competing platforms such as Netflix."

F3 Technologies plans to unveil the new FargoTube experience to its customers and investors October 10, 2011 in a new "State of the Union" video format showcased on the FargoTube platform. Offering a wide range of new movies, music, and shows will be the first step in helping to increase the number of paying customers and subscribers on the FargoTube platform.

ABOUT FARGOTUBE
FargoTube (www.fargotube.com) is an online distribution and social-networking platform that's free to musicians, record labels, filmmakers and other content owners and allows them to upload their music and videos, build a fan site, sell merchandise and connect with their fans through a central service.

ABOUT F3 TECHNOLOGIES, INC. (www.f3technologies.com)
F3 Technologies is a software innovator that creates specialized social networks for groups ranging from homeowners associations to music fans. Its products include Interaction Community Systems™, an online tool for homeowners associations and other member groups; Interactive Defense System™, for police and other municipal departments; and Website Tournament, a transparent and competitive marketplace for site design.

Follow us at Twitter.com/f3technologies, Twitter.com/fargotube and f3technologies.wordpress.com.

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

  • Contact:

    Frank Connor
    404-433-7151