ALPHARETTA, Ga., July 17 /PRNewswire-FirstCall/ -- F3 Technologies, Inc. (OTC:AUMN.PK), an Atlanta-based SaaS development company and application service provider, is pleased to announce today that it has appointed Rainey Shane as the new President of the Company. Ms. Shane's fifteen years of business experience spans across a multitude of industries and markets, ranging from technology and government, to real estate and healthcare. Some of her previous roles include serving as President and CEO of ExLsior Training Institute, founder and CEO of McCurry | Shane Investment Corp., VP of Operations for AboutFace Consulting Corp, and Division Director for Emory Healthcare. During the time she was building and growing her own business ventures, Ms. Shane also served as a consultant for other private industry companies on business start-up, expansion, operations processes, technology and marketing. Ms. Shane holds a B.S. in Psychology and a Master of Business Administration. Ms. Shane has been working on a consulting basis for F3 Technologies for the past several months. During this time, Ms. Shane's projects for F3 Technologies included 2008 Company-wide strategic planning, product development, marketing plan design and implementation, creation of the Business Development Division to include hiring and training a direct sales team and obtaining strategic partnerships. Ms. Shane has worked closely with outside consultants to implement programs in the areas of Human Resources, Sales, Marketing and Operations designed for rapid and sustainable growth. She has also contributed heavily in the area of updating and revising the business plan, focusing on financial planning and forecasting. "I chose to join F3 Technologies due to the growth opportunity in a Company with such a strong suite of innovative on-demand software solutions. I foresee F3 Technologies to be a leader in a growing sector with strong revenue and profitability. I am looking forward to increasing the value of the Company through additional sales and marketing campaigns and strategic alliances that will bring long-term recurring revenue and stability to the Company," stated Ms. Shane. "We are in discussions with multiple companies concerning strategic reseller partnerships to further the growth and revenue potential for F3 Technologies. We intend to announce these pending partnerships in Quarter Three 2008." During the past several months, Ms. Shane's duties have also included financial models for a variety of F3 Technologies products including contract negotiations and several joint venture projects. "F3 Technologies is proud of working with Ms. Shane who, being such a distinguished and hard-working person, adds a valuable human resource asset to the Company," said Frank Connor, Chief Executive Officer of F3 Technologies. "The appointment of Ms. Shane to the position of President is the first of many management steps as stated in our previous news announcements and we will soon announce the appointments of Board Members and other key personnel." About F3 Technologies F3 Technologies, Inc. (F3) is an Atlanta-based SaaS 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 users realize personal, professional, social, and business-oriented goals. About FargoTube http://www.fargotube.com/ FargoTube (FT) -- FT is an online video sharing software engine for users seeking to profit from their on-line video content in three different ways. First, FT allows users to upload proprietary video content and sell it to other users resulting in income for the host and video owner. Second, FT will share ad revenue generated by videos offered for sale or for free with the video owner. Lastly, FT will share a portion of any profits made by users they referred to FT as an affiliate commission. About Ascend http://www.ascendgbs.com/ Ascend Global Business System (Ascend) -- Ascend is an online Software-as-a-Service (SaaS) product created specifically to help businesses improve customer relations, track employee performance, and support overall revenue opportunities. The Ascend SaaS solution contains customizable modules for accounting, human resource management, project management, website creation, online store creation (e-commerce), knowledge sharing, survey building, and customer relationship management. About Interaction http://www.interactioncs.com/ Interaction Community System (Interaction) -- Interaction provides neighborhoods, communities, church organizations, homeowner's associations (HOAs) and other similar type groups with a reliable, online solution for valuable services such as residential directories, accounting, voting, website creation, facility management and scheduling, newsletters, announcements, vendor sharing, e-commerce, accounting, classifieds, and message boards. Interaction offers features that allow residents of these communities to stay informed and become involved. Safe Harbor The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts, which address the company's expectations of sources of capital or which express the company's expectation for the future with respect to financial performance, operating strategies or business plans, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors beyond the control of the company, which include but are not limited to the ability of the company to implement its business plans, the company's ability to successfully compete, market conditions and the ability of the company to raise any necessary working capital financing, actual results may differ materially from the expectations expressed in the forward-looking statements. Contact: Contact: F3 Technologies, Inc. Frank Connor CEO 1-800-418-4870 ext. 201 http://www.f3technologies.com/ DATASOURCE: F3 Technologies, Inc. CONTACT: Frank Connor, CEO of F3 Technologies, Inc., 1-800-418-4870 ext. 201 Web site: http://www.f3technologies.com/

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