F3 Technologies Receives Term-Sheet for $2 Million in Funding

ALPHARETTA, Ga., Feb. 27, 2012 /PRNewswire/ -- F3 Technologies, Inc. (Pinksheets: FTCH.PK) is pleased to tell its valued shareholders that it has received a signed term sheet for $2 million in non-equity based funding from a private financier.

"After several weeks of intense negotiations the company is pleased to have received this very favorable term sheet for $2 million," commented Frank Connor, F3 Technologies' chief executive officer. "That this funding requires no issuance of stock and no issuance of a percentage of the company is a win win for the shareholders."

Connor continued, "This funding will hasten the current subscriber base development activities of FargoTube(TM), FargoTunes(TM), and Interactive Defense(TM), as well as the identification of potential acquisition targets to further accelerate our business plan."

"Upon execution of the financing agreement proper, the first tranche is expected to be deposited in March of this year. F3 is now finalizing details of the financing and expects to soon execute the agreement," Connor concluded.

F3 Technologies seeks to update its shareholders on a more regular basis over the next few weeks as certain events unfold.

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.

Contact:

James Canouse

770-521-2194

SOURCE F3 Technologies, Inc.

Copyright 2012 PR Newswire