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FargoTube Seeing Major Uptick in Site UsageThe Ultimate Entertainment Social Network Gaining Steam (July 10, 2012)
ALPHARETTA, GA -- (Marketwire) -- 07/10/12 -- F3 Technologies, Inc. (PINKSHEETS: FTCH) announced today that the latest version of the FargoTube entertainment social network (www.fargotube.com) has experienced a major increase in site performance since its launch on June 20th. The new site has already eclipsed 250,000 page views in its first two weeks, a 5000% increase over the previous platform's performance over similar timer periods.
"Increasing platform analytics has always been a critical element to the company's strategy as we prepare to launch our integrated advertising platform in the coming weeks and months," said Frank Connor, CEO. "From the beginning the new platform was designed to increase usability and offer fans easier access to their favorite content while enabling content owners the ability to more easily add content and fans to their tube. While we are very excited about the increase in performance, we also know that this is just the beginning."
In other news, the company is still awaiting final word from the aforementioned investor in regards to the previously announced signed term sheet for financing. Recent developments have the investment being restructured down to $800,000 with a reduction in the starting grace period initially offered. "Although the company still has its work cut out in terms of securing this particular financing, the company is more amenable to the new terms and hopeful we are nearing completion of this financing and seek to have all issues resolved in the near future," said Frank Connor, CEO.
ABOUT F3 TECHNOLOGIES, INC. (www.f3technologies.com)
F3 Technologies is a software innovator that creates specialized social networks for groups ranging from homeowners associations to music fans. Its products include Interaction Community Systems, an online tool for homeowners associations and other member groups; Interactive Defense System, for police and other municipal departments; and Website Tournament, a transparent and competitive marketplace for site design.
Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update forward-looking statements as the result of new information or future events. We urge investors to review the risks and uncertainties within its filings with the OTC Markets and/or Securities and Exchange Commission.
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