SOURCE: F3 Technologies, Inc.

F3 Technologies, Inc.

January 18, 2011 09:15 ET

FargoTube Teams Up With Music2Q to Help Indie Musicians Break Into Lucrative Music-Licensing Business

ALPHARETTA, GA--(Marketwire - January 18, 2011) - F3 Technologies, Inc., (PINKSHEETS: FTCH) today announced that its innovative FargoTube™ online entertainment platform has launched a strategic partnership with Music2Q, a service that connects independent musicians with potential licensees in the film, television and video-game industries.

"Fragmentation in the music industry means that artists have to be scrappier and more business-savvy than ever before," F3 Chief Operating Officer Paul Campbell said. "FargoTube and Music2Q are both essential platforms to help musicians create sustainable careers, and our new partnership will be extremely valuable for both companies and for the artists we serve."

The cross-promotion and partnership involve:

  • A free subscription to the www.music2q.com website, valued at $120, to be awarded to a randomly selected finalist at each Open Mic Monday held at Eddie's Attic, the Atlanta area's top venue for singer-songwriters and acoustic music;
  • Discounted subscription rates to Music2Q for all musicians using the FargoTube platform; includes a revenue-sharing arrangement for all business driven through FargoTube.
  • Music2Q becoming an affiliate to assist FargoTube in expanding into the film industry by leveraging its numerous connections.

"Today's musicians can and do find fans through concerts, the Internet, films, television and video-gaming," said Jens Grodt, president and co-owner of Halifax, Canada-based Music 2 Q, Inc. "Our partnership with FargoTube is evidence of our commitment to helping them thrive in a world of declining compact-disc sales by tapping all of those channels."

FargoTube gives independent artists their first opportunity to profit directly from their creative works in the setting of a social network. Musicians, filmmakers, remote instructors and other artists can upload their content free of charge and then make it available on a per-view, per-media file and/or subscription basis, setting prices and receiving 70 percent of the resulting revenue.

FargoTube empowers artists to sell their creations while facilitating direct contact with and among fans, thus replacing the faceless sale of digital files with an exciting new interactive digital marketplace experience.

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 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
    (770) 521-8930