F3 Technologies Announces Second Quarter Profit
07 August 2008 - 12:00PM
PR Newswire (US)
- Started with no debt ATLANTA, Aug. 7 /PRNewswire-FirstCall/ -- F3
Technologies, Inc. (Pink Sheets: AUMN), today announced the Company
posted revenue of $45,000 and $52,000 respectively for its fiscal
2008 first quarter ended March 31, 2008 and second quarter ended
June 30, 2008. The second quarter profit of $12,260 is up from the
first quarter profit of $2700 by 354%. "These postings are a direct
result of strategic financial planning allowing more funds to be
directed towards sales activities to support two of F3's flagship
products, Ascend(TM) Global Business System and Interaction(TM)
Community System," said Rainey Shane, President. Ascend(TM) was
launched in the second quarter and sales have already begun. "The
Company's strategic partnership with Noble Heroes, Inc., announced
on July 23, 2008, which adds a neighborhood watch component to the
Interaction(TM) Community System product, has garnered interest
from two large southeast builders and one national builder," said
Ms. Shane. "This bodes well for the Company's future." In addition,
Noble Heroes has increased its direct sales force to 27 actively
engaged in marketing and selling F3's Interaction(TM) Neighborhood
Watch Edition product. "We are very pleased to have generated
revenue so quickly after our product launches," said Ms. Shane.
"We're looking forward to strong momentum in quarters three and
four, as the combined sales and marketing activities for the
Interaction(TM) Neighborhood Watch Edition continue to progress."
"While we are encouraged by the increase in our profits thus far,
we are more excited about future quarters," said Frank Connor, F3
Technologies CEO. "We started 2008 with no debt, and are realizing
significant results of strategies implemented in the first six
months of 2008." 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, , for F3
Technologies, Inc.
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