Mesa Home Resources Inc (MHRE)

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F3 Technologies Reduces Authorized Shares by 80%





F3 Technologies, Inc. (OTCPK: FTCH) is pleased to announce that it has reduced its Authorized Shares to 202,000,000 in an ongoing effort to build shareholder confidence. On May 21st, 2009 the company filed with the State of Delaware to reduce its authorized shares by a staggering 80% and confirmed today that the reduction has officially been accounted for.


Frank Connor, CEO of F3 Technologies, stated: "This is a very major step for F3 Technologies. By taking the unprecedented move to reduce our Authorized Shares by 80% we have not only restricted our already tight share structure but also bolstered our investors’ confidence. In the market where our stock currently trades reducing any share amount is pretty much unheard of. While we are constantly taking steps to improve our company and strengthen shareholder value I believe this latest move to reduce shares and the fact that I still hold 100% of my shares to be a tremendous statement of our confidence in this company."

Current Share Structure as of today’s date is:

Shares Authorized: 202,000,000

Share Outstanding: 62,000,000

Share Float: 32,000,000

On May 21st 2009, F3 Technologies, Inc. filed with the State of Delaware to reduce its Authorized Shares. On June 11, 2009, F3 Technologies paid an extra $50.00 to expedite the order and was told that it was accepted and in effect. As soon as we receive the certificate from the State of Delaware we will forward it on to the transfer agent for their records.