F3 Technologies Appoints New President to Take Company to the Next Level

ATLANTA, GA, Jun 10 (MARKET WIRE) --
F3 Technologies, Inc. (PINKSHEETS: FTCH), an Atlanta-based SaaS
development company and application service provider, is pleased to
announce today that it has appointed James Canouse as the new President
of the Company.

Mr. Canouse's seventeen years of business experience spans across a
multitude of industries and markets, ranging from investment banking and
research, to technology and family entertainment. Some of his selected
previous roles include serving as Sr. Vice President and Head of
Investment Banking of J.P. Carey Securities, Inc., Co-founder and Senior
Vice President of Sales at Corpfin.com, an on-line investment banking
platform and most recently consultant to F3 Technologies, Inc. During the
time he was building and growing his own business ventures, Mr. Canouse
also consulted for other private industry companies on business start-ups,
expansion, operations, technology and marketing. Mr. Canouse holds a
B.B.A. from the School of Business Administration at Stetson University.

Mr. Canouse has been consulting F3 Technologies for the past several
months. During this time, Mr. Canouse has reached out to the investment
community, consulted on several projects for F3 Technologies including the
marketing plan, reseller agreements, pricing models and revenue streams.
Mr. Canouse's main objective in the near term is to hire and train a
direct sales force to work in conjunction with the many reseller programs
already in place.

"Over the length of my career I have worked with hundreds of companies
that have come to me and my firm seeking financing and consultation. I
have worked with CEOs and CFOs of all walks of life and businesses and
never have I been presented with such a rare opportunity to work with
such a dynamic and promising company as F3 Technologies, Inc. F3
Technologies presents a tremendous growth opportunity with a strong suite
of innovative on-demand software solutions. I can foresee F3 Technologies
someday soon competing in the same space as Youtube, Facebook and
Salesforce.com. I am looking forward to increasing the value of the
Company through additional sales and strategic alliances that will bring
long-term recurring revenues, stability and profitability to the
Company," stated Mr. Canouse.

Frank Connor, CEO of F3 Technologies, stated "We are very excited to have
Mr. Canouse join our team here at F3 on an official basis. Mr. Canouse has
been consulting F3 on many issues over the last several months and has
worked hard to get us where we are today. Mr. Canouse has been intimately
involved in several of our strategic partnerships including the most
recently announced marketing agreement with our partners in Texas. This
is just the first of many appointments to the team at F3 as we seek to
build our executive and sale team to take F3 Technologies and their
products to the next level."

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 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.

Contact
James Canouse
President, F3 Technologies, Inc.
ir@f3technologies.com
770-521-2194

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