F3 Technologies Announces Pre-Earning Revenue Projections for 2009
November 06 2008 - 5:00AM
Marketwired
F3 Technologies, Inc. (PINKSHEETS: FTCH), an Atlanta-based
Software-as-a-Service company and application service provider,
announced today that the Company projects 2009 revenue to be
approximately $2 million. The Company recently completed work on
the Noble Heroes version of its Interaction Community System and
expects the completion of its Ascend Project Management, CRM,
Website Content Management System, and E-Commerce Store Builder
modules by the end of the year significantly broadening its
potential client base. "After years of development, January 1st,
2009 marks the point in time where we transfer the focus of our
efforts from development to the sales and marketing of our
products," said CEO Frank Connor. He adds, "With our burn rate
being less than $10 thousand per month, the company foresees
profitability by the second quarter of 2009." The company's 2009
revenue projections are based on assumptions of being able to raise
capital to hire direct sales staff and improve its overall
marketing budget.
"2009 will mark a year of substantial growth for F3. Through
complete automation of our online order processes, expansion into
global markets, and the aggressive launch of our affiliate and
direct marketing campaigns, we expect to take our first step in
becoming a major player in the multi-billion dollar
ready-to-deploy, Software-as-a-Service industry," said CEO Frank
Connor.
About F3 Technologies
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 users realize personal,
professional, social, and business-oriented goals.
About FargoTube - www.fargotube.com - FargoTube (FT) -- FT is an
online video sharing software engine for users seeking to profit
from their on-line video content in three different ways. First, FT
allows users to upload proprietary video content and sell it to
other users resulting in income for the host and video owner.
Second, FT will share ad revenue generated by videos offered for
sale or for free with the video owner. Lastly, FT will share a
portion of any profits made by users they referred to FT as an
affiliate commission.
About Ascend - www.ascendgbs.com - Ascend Global Business System
(Ascend) -- Ascend is an online Software-as-a-Service (SaaS)
product created specifically to help businesses improve customer
relations, track employee performance, and support overall revenue
opportunities. The Ascend SaaS solution contains customizable
modules for accounting, human resource management, project
management, website creation, online store creation (e-commerce),
knowledge sharing, survey building, and customer relationship
management.
About Interaction - www.interactioncs.com - Interaction
Community System (Interaction) -- Interaction provides
neighborhoods, communities, church organizations, homeowner's
associations (HOAs) and other similar type groups with a reliable,
online solution for valuable services such as residential
directories, accounting, voting, website creation, facility
management and scheduling, newsletters, announcements, vendor
sharing, e-commerce, accounting, classifieds, and message boards.
Interaction offers features that allow residents of these
communities to stay informed and become involved.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a
safe harbor for forward-looking information made on the company's
behalf. All statements, other than statements of historical facts,
which address the company's expectations of sources of capital or
which express the company's expectation for the future with respect
to financial performance, operating strategies or business plans,
can be identified as forward-looking statements. Such statements
made by the company are based on knowledge of the environment in
which it operates, but because of the factors beyond the control of
the company, which include but are not limited to the ability of
the company to implement its business plans, the company's ability
to successfully compete, market conditions and the ability of the
company to raise any necessary working capital financing, actual
results may differ materially from the expectations expressed in
the forward-looking statements.
Contact: F3 Technologies, Inc. James Canouse 770-521-2194
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