SOURCE: F3 Technologies, Inc.

F3 Technologies, Inc.

December 09, 2010 10:15 ET

F3 Technologies Launches Significant Partnership for FargoTube

Deal Brings Short- and Long-Term Revenue and Supersizes FargoTube's Music Library

ALPHARETTA, GA--(Marketwire - December 9, 2010) - --(Marketwire - December 9, 2010) - F3 Technologies, Inc. (PINKSHEETS: FTCH) announced today that its FargoTube™ entertainment platform has begun a strategic partnership with Ditto Music. Ditto, a UK-based company, has 12,000 client musicians including Prince, Lil Wayne and Finch and is a premier conduit between independent musicians and the large retail digital distribution outlets that are familiar to music listeners.

"Working with FargoTube allows us to offer our musicians a platform that goes beyond mere album sales and into profitable fan interaction," Ditto Music CEO Matt Parsons said. "It's a valuable tool for unsigned musicians who want to serve existing fans and connect with new ones at the same time."

The partnership will expose musicians and a wide range of other potential customers to FargoTube, a groundbreaking service that combines digital music and video with social networking to give content owners unprecedented control over the monetization of their creative works.

"Our partnership with Ditto Music is a crucial part of our plan to make FargoTube the most fun, most useful and most profitable way for musicians, filmmakers and other artists to interact with and sell their artistic content to fans online," F3 CEO Frank Connor said. "The partnership with Ditto Music brings to F3 multiple components that will generate both immediate and long-term revenue."

Under the partnership, which went into effect last month, FargoTube will become a digital distribution outlet for Ditto Music, gaining 20,000 music tracks immediately and a substantial number of the hundreds of new albums Ditto Music handles each week. The resulting growth in FargoTube's content library is expected to draw a growing number of paying subscribers.

The partnership allows FargoTube to offer its own music clients wider, faster and easier distribution than ever before. Ditto Music is a simple and cost-effective means for independent artists to supply their music to large online retailers such as iTunes, Amazon, Napster, Rhapsody, Zune and mobile telephone companies.

In addition, FargoTube is now the preferred provider of web development services to Ditto Music and its musician clients. Artists and record labels can now select semi-customized and fully customized direct to consumer fan sites using FargoTube, as well as fully customized standalone websites that use FargoTube technology to sell music, videos and fan paraphernalia.

The FargoTube platform empowers artists to sell their works while facilitating direct contact with and among fans, thus replacing the faceless sale of digital files with an exciting new interactive digital marketplace experience. Musicians and other artists can make their content available on a per-view, per-media file and/or subscription basis, setting prices and receiving 70 percent of the resulting revenue. Uploading content is free of charge.

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, allowing 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 FargoTube™, an online platform for fan engagement and profitable distribution of entertainment content; Interaction Community Systems™, an online tool for homeowners associations and other member groups; and Interactive Defense System™, for police and other municipal departments.

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

  • For more information, contact:
    Paul Campbell
    chief operating officer
    (404) 307-0294

    Steve Haag
    investor relations
    (832) 413-6206