SOURCE: F3 Technologies, Inc.

June 18, 2009 09:30 ET

F3 Technologies, Inc. Strategic Partner Signs First Community in South Florida

ATLANTA, GA--(Marketwire - June 18, 2009) - F3 Technologies, Inc. (PINKSHEETS: FTCH) is very pleased to announce that its strategic partner and Interaction Community Systems reseller has signed their first community in South Florida. Coastal Group Publications (CGP) has enrolled an initial 130 unit high-rise, luxury condominium in Miami to use the Interaction Community Systems to run their condo association. Coastal Group Publications is the exclusive reseller of Interaction Community System in South Florida and currently caters to roughly 15,000 homeowners through their newsletters.

"This is a very significant step for both F3 and CGP. We signed our reseller deal with CGP in April and since that time we have been tweaking the system to meet their specific needs. Now that the system has been perfected for CGP they are ready for what they called the 'Domino Effect.' Now that this first condo has signed and all the pieces are in place they feel that they can now go to all their existing clients and start signing them up one by one to use the system," said Frank Connor, CEO of F3 Technologies, Inc.

Mark Valdes, CEO of Coastal Group Publications, said, "Hundreds of millions of people every day handle an ever increasing percentage of their day to day business and basic communications online. The Interaction Community System allows and encourages them to do all of it right where they spend most of their time, their neighborhood. No longer are cookie cutter websites enough to meet a community's wants and needs. Having a system like Interaction in place is going to change the HOA landscape for many years to come and with the Interaction Community System we are proud to be able to offer this change in the South Florida market."

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. 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.

About Coast Group Publications, Inc.

Coastal Group Publications, Inc. (CGP) publishes proprietary newsletters for condominiums and homeowner associations throughout South Florida (from Coral Gables to Palm Beach) and sells ad space within each newsletter. CGP has been in business for over 6 years and is in the process of expanding its services throughout Florida.

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