SOURCE: F3 Technologies, Inc.

June 23, 2009 09:46 ET

F3 Technologies, Inc. Strategic Partner on a Roll in South Florida

ATLANTA, GA--(Marketwire - June 23, 2009) - F3 Technologies, Inc. (PINKSHEETS: FTCH) is very pleased to announce that as mentioned in its press release last week, its strategic partner, Coastal Group Publications (CGP), signed its second installation of Interaction Community System.

Last week F3 reported that after several weeks of negotiations and tweaking of the system, CGP signed its first condo association to use the Interaction Community System (Interaction). This week CGP made good on their "Domino Effect" quote by signing their second condo association for use of Interaction. Coastal Group Publications is the exclusive reseller of the Interaction Community System in South Florida and currently caters to roughly 15,000 home owners through their newsletters.

"We had no doubt that CGP would make good on their 'Domino Effect' claim they made last week. I am down here in South Florida all this week and will be presenting to roughly seven (7) Home Owner Associations boards as a result of CGP's hard work. Because of CGP's longstanding relationship with these HOAs and because Interaction is such an effective tool for any group, I firmly believe these HOAs will adopt the Interaction Community System in short order," said Frank Connor, CEO of F3 Technologies, Inc.

F3 Technologies continues to develop certain relationships with groups such as CGP and F3's strategic partner in Texas to deploy and monetize both the Interaction as well as Ascend products. The team at F3 is currently working with a new and separate strategic partner in the payment processing business and hopes to announce something in the next few days about the deal of which we are very excited about.

About F3 Technologies, Inc.

F3 Technologies, Inc. (F3) is an Atlanta-based Software-as-a-Service 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

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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