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F3 Technologies Inks Strategic Partnership With Online Payment Processing Firm Paymenting, LLC

ATLANTA, GA, Jun 29, 2009 (MARKETWIRE via COMTEX) -- F3 Technologies, Inc. (PINKSHEETS: FTCH) announced today that it has signed a strategic partnership with online payment solutions provider Paymenting, LLC of Woodstock, IL effective July 1, 2009. This partnership enables Paymenting, LLC to resell and deploy the Interaction Community System (InteractionCS) exclusively throughout the State of Illinois which will in turn integrate with Paymenting's payment processing solutions for any and all financial transactions that take place within the System.
Frank Connor, CEO of F3 Technologies, had this to say about Paymenting, "Payment processing is a vital feature within the Interaction Community System. This feature enables users of all levels to make and/or receive payments online such as HOA dues, donations, contributions, vendor payments and taxes etc. via ACH (direct debit from bank) and/or credit card transactions. Paymenting has shown us a very efficient way to handle these payments. Their ACH and Credit Card solutions will offer our users a low cost alternative to sites like PayPal. Once we integrate their lockbox solution, we'll be able say to our customers 'Use our system and never enter a check again.' We will truly be an all-in-one solution for Community Associations."

Casey Clark, CEO of Paymenting, LLC, states, "We've been working in the Community Management industry for a few years, and we haven't seen an online management tool nearly as robust as InteractionCS. No other product on the market offers such an extensive networking application, management tools, and a full accounting suite. By adding our payment solutions, InteractionCS is now that much further ahead of the competition."

An ever increasing number of people are turning to the internet as a means to conduct certain banking transactions. It is estimated that over 60,000,000 people in the US alone bank online. The Interaction Community System along with strategic partners such as Paymenting, LLC offers its users the tools to make online payments, receive payments, make donations, contributions, reservation and much, much more.

Follow F3 Technologies on Twitter at http://twitter.com/f3technologies.

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.

About Paymenting, LLC

Paymenting has recently broadened its ACH focused operations to include credit card, and lockbox capabilities. They specialize in developing customized e-commerce solutions for community associations and other member-based organizations.

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. This press release contains such forward-looking statements. The potential revenue projections herein are believed to be reasonable, however, such revenue may or may not happen, actual results may differ significantly. Customization requirements, pricing in a down economy and ability to handle rapidly increasing user volumes, among other variables, may adversely impact anticipated revenue. 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.
Jim Canouse
[e-mail]
770-521-2194


SOURCE: F3 Technologies, Inc.



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SUBJECT CODE: Computers and Software:Software
Retail:E-Commerce
Financial Services:Retail Banking
Financial Services:Commercial and Investment Banking