- Will eliminate the need for costly HOA management companies ATLANTA, Aug. 6 /PRNewswire-FirstCall/ -- F3 Technologies, Inc. (Pink Sheets: AUMN), an Atlanta based software developer, announced today immediate availability of Version 2 of the Interaction(TM) Community System, enabling Homeowner's Associations (HOAs) to deploy Interaction(TM) with the latest upgrades. "The availability of the Interaction(TM) Community System has spurred Interaction(TM) deployments at HOAs such as at Sentinel Lake in Marietta, Ga., and the availability of v.2 will further drive Interaction(TM) deployments," said Rainey Shane, President, F3 Technologies. "Interaction(TM) allows an HOA Board to properly communicate and share information with its members, decreasing the likelihood of homeowner disputes so common within these organizations" said Ms. Shane. "In addition, it decreases the cost of HOA management by an average of over $1000 per month over the cost of using an outside management company. That money can then be used for more important community needs." Record Rate of Customer Deployments Sentinel Lake, a single family residential neighborhood in Marietta, has already benefited from deploying Interaction(TM) Community System. It committed to deploying Interaction(TM) Community System over a year ago and this enabled Sentinel Lake to transform its HOA management into an "e-culture," creating a Web-based productivity infrastructure that allows Board members to publish critical information and documents directly to the community intranet. In addition, it allows the homeowners to become more involved in the community through image galleries, email, discussion boards, online dues payment, online facility reservations and shared vendors. "The Interaction Community System has successfully brought our neighborhood community closer together," said Loren Volk, former Board president at Sentinel Lake. "Using Interaction, our residents are able to create community events, pay dues, reserve facilities, and recommend preferred vendors while simultaneously keeping up to date with our local community and neighbors." Version 2 Availability Version 2 is a collection of updates driven by customer feedback and has been deployed across all customers currently using the subscription based service at no additional charge. The addition of a more user-friendly dashboard and interface, an enhanced Accounting module, the ability to broadcast requests for home workers such as babysitters, tutors and pet sitters, and the ability to manage notices and violations are all included in the Version 2 release. A free 30-day trial of the on-demand software is available at http://www.interactioncs.com/ . About F3 Technologies F3 Technologies, Inc. (F3) is an Atlanta-based SaaS (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 Technologies currently has three distinctive products: FargoTube.com, Ascend Global Systems and Interaction Community Systems. It is the goal of F3 Technologies 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/ 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 Global Business System: http://www.ascendgbs.com/ 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 Community System: http://www.interactioncs.com/ 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: Paul Knopick E & E Communications 949/707-5365 DATASOURCE: F3 Technologies, Inc. CONTACT: Paul Knopick of E & E Communications, +1-949-707-5365, Web site: http://www.interactioncs.com/

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