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Published in Stocks and Investing on Thursday, May 7th 2009 at 13:19 GMT, Last Modified on 2009-11-02 11:31:53 by Market Wire
ALPHARETTA, GA--(Marketwire - May 7, 2009) - F3 Technologies, Inc. (
Frank Connor, Chairman and CEO of F3 Technologies, stated: "This is the largest single-family homes community group that we have signed thus far. We have worked diligently on closing this particular deal for about 5 weeks and could not be happier to have this high-status subdivision join the growing list of communities now using the Interaction Community System. This particular community is a well-known HOA within a broader community saturated with other HOAs and we look forward to targeting many of them using this new subdivision as a reference. With this deal and other new business we closed this week, we are definitely on track to hit our prediction of 100,000 Interaction users before 2010."
In an ongoing effort to build shareholder confidence, F3 Technologies is pleased to announce that they have initiated the process to reduce their authorized shares from 1 billion shares to 200 million shares, representing an 80% reduction in the authorized share count.
Frank Connor said regarding the reduction: "I am dedicated to consistently assuring our shareholders that F3 is different than the vast majority of other Pink Sheets companies. It has long been assumed that since a company trades on a lower exchange that they do not operate with integrity and are only 'out for themselves.' That is simply not the case with F3. It is my goal to build investor loyalty by continually working to bring greater value to this company and the positions of our stakeholders."
About F3 Technologies Inc.
F3 Technologies, Inc. (F3) is an Atlanta-based Software-as-a-Service development company and application service provider created to provide on demand internet solutions to consumers and small to mid-sized companies. F3 currently ahs 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.
