ATLANTA - (Business Wire) F3 Technologies, Inc. (OTCPK: FTCH) is pleased to announce that its Interaction Community System has officially entered the California market with the signing of a 200 unit HOA in Silicon Valley. According to the California Association of Homeowners Associations, there are estimated 35,000-40,000 community associations comprised of condominium, townhome and single family associations in California. They represent an estimated 3,000,000 units and are occupied by an estimated 6,000,000 people. Annually, California community associations spend an estimated six billion dollars and own an estimated 450 billion dollars in property values.
Frank Connor, CEO of F3 Technologies stated, “This again is a very significant HOA for us here at F3 Technologies, especially for our technical team. We have essentially entered the proverbial ‘belly of the beast’ by signing this group in Silicon Valley. By far Silicon Valley has the greatest minds and achievements in software and technology not to mention its prowess in technology driven venture capital. The idea that Interaction was chosen to be the software solution provider to this HOA speaks volumes of Interaction as the leader in next generation membership management solutions.”
Paul Campbell, EVP and National Sales Manager stated, “We are extremely pleased to be selected as the long-term solution provider for this premier condominium association. Our depth of product features, ease of use, advertising capabilities and close collaboration through-out the process were key reasons for our selection. We are also very excited that the signing of this HOA will be our launching point for an aggressive expansion into one of the largest HOA markets in the U.S.”
F3 continues building a robust sales pipeline for the Interaction Community Systems solution and is focused on major new technology improvements to both its FargoTube.com and Ascend solutions in preparation for year-end product launches.
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.
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.
F3 Technologies, Inc.
James Canouse, 770-521-2194
President
www.f3technologies.com
