SOURCE: F3 Technologies, Inc.

F3 Technologies, Inc.

September 01, 2010 09:15 ET

F3 Technologies Signs National Processor TransFirst® for Interaction HOA Software

ALPHARETTA, GA--(Marketwire - September 1, 2010) - F3 Technologies, Inc. (PINKSHEETS: FTCH) has signed an agreement for Interaction Community Systems to be marketed to selected homeowners associations, property management companies and churches throughout the southeastern United States.

The TransFirst® clients covered by the agreement are concentrated in two major metro areas in the region. TransFirst, a provider of secure transaction-processing services, will serve a substantial number of Interaction's client HOAs.

It is the largest strategic partnership to date for Interaction, a state-of-the-art online platform that membership-based groups use for managing communications and finances. TransFirst is one of the nation's 15 largest payment processors, handling $30 billion in annual volume for 1,000 financial institutions and 175,000 merchant locations.

"This step we're taking with TransFirst is key in our strategy to expand Interaction's market share," Chief Operating Officer Paul Campbell said. "We believe Interaction will gain popularity among TransFirst's clients, as it has in other settings, once HOAs see its power to simplify finances and streamline communications."

Interaction Community Systems is an online platform that simplifies the processes of accounting, polling, maintenance, reserving and using recreational facilities, networking socially with neighbors, and communicating through announcements, e-mail and message boards. A voting module simplifies community elections where allowed by state law. The platform's simplicity and time-saving interfaces allow HOAs to stay self-managed, and property-management companies to become more profitable.

Interaction has 120 clients with a total of more than 20,000 end users. A major update to be introduced this month will simplify the process of registering for Interaction, allowing the service to acquire new clients more smoothly and cost-effectively while continuing to provide responsive customer service.

Community representatives can call (770) 521-8930 for a free demonstration of Interaction Community Systems.

ABOUT F3 TECHNOLOGIES, INC.
F3 Technologies is a software innovator that creates specialized social networks for groups ranging from homeowners associations to music fans. Its platforms include FargoTube, centered on video and entertainment media; and Interactive Defense System, for police and other municipal departments.

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About TransFirst (www.transfirst.com)

A leading provider of secure transaction processing services and payment enabling technologies, TransFirst offers innovative products and services designed with financial institution, independent sales organization, healthcare, e-commerce, government and merchant customers' unique needs in mind. By collaborating with our customers and utilizing strong industry knowledge, we help them grow their businesses. Founded in 1995, TransFirst continues to attain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TransFirst is headquartered in Hauppauge, N.Y., and has operations facilities in Aurora, Colo.; Louisville, Colo.; Omaha, Neb.; Kansas City, Kan.; and executive headquarters in Dallas, Texas. Company-wide, TransFirst currently processes approximately $30 billion in annual sales volume for more than 175,000 merchant locations and more than 1,000 financial institutions. For additional information, please call (800) 745-2659 or visit www.transfirst.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
    (770) 521-8930
    Steve Haag
    Investor Relations
    (832) 413-6206