ALPHARETTA, Ga.--(BUSINESS WIRE)--F3 Technologies, Inc. (OTCPK: FTCH)
is pleased to announce that in an ongoing effort to build shareholder
confidence, on May 21st, 2009 the company has filed with the State of
Delaware to reduce its authorized shares count down from its current
one billion and two million (1,002,000,000) shares down to two hundred
and two million (202,000,000) shares.

Frank Connor, CEO of F3 Technologies, stated: “I have always commented
that it is F3’s commitment to shareholders to gain their trust through
transparency, progress and hard work. It always has been and always
will be our goal to constantly build on our shareholder confidence. We
get scores of calls every week from potential investors who have been
waiting on this action to invest. By taking these steps to finally
reduce our authorized shares by 80% we hope to prove to these
potential investors and existing investors that we truly have their
best interest in mind.”

F3 Technologies, Inc. has sent via over-night mail a “Certificate of
Amendment of Certification of Incorporation”, along with all filing
fees, to the Delaware Division of Corporations in Dover, DE. At this
point it is not clear exactly how long it will take to actually reduce
the share count, however, F3 Technologies intends to announce publicly
when the actual reduction transpires.

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.

SOURCE: F3 Technologies, Inc.

F3 Technologies, Inc.
Jim Canouse, 770-521-2194
i...@f3technologies.com

Copyright Business Wire 2009

REF: http://www.businesswire.com/news/home/20090521006035/en