FTCH (.019)

Been watching this one for over 8 months after a reverse merger and symbol change(formerly AUMN.PK). Looks like the companies business plan is starting to take shape, and they have been landing contracts the past few weeks.

Watch the video Conference from last week with the CEO: http://www.ustream.tv/recorded/1360417

Looks like a ground floor opportunity here.

About F3 Technologies, Inc.

F3 Technologies, Inc. (F3) is an Atlanta-based Software-as-a-Service 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 user realize personal, professional , social, and business oriented goals.

Points of interest

First and foremost, this was a developmental stage company starting the summer of last year. They are a Software-as-a-Service company(http://en.wikipedia.org/wiki/Software_as_a_service), with three major products: FargoTube.com, Ascend Global Systems, and Interaction Community Systems.

Part of the fun with any of these micro-cap plays is doing Due Diligence, and we will not ruin the fun by giving every detail here, so I will summarize some key points:

• As of January 1st, 2009, the company is no longer in the “developmental stage”, and is fully engaged in marketing and sales of it’s product lines.(as per PR: http://ih.advfn.com/p.php?pid=nmona&cb=1238727222&article=29157967&symbol=NO%5EFTCH)

• Company projects $2 million in revenues for FY ’09. SAS sector is EXTREMELY profitable with gross margins averaging 80%. One of the best known SAS companies (CRM: Salesforce.com) has a 79% Gross margin rate!!

• Quote from the company : "With our burn rate being less than $10 thousand per month, the company foresees profitability by the second quarter of 2009." So one could estimate $120k in costs for FY’09, which would mean $ 1,880,000 in profits!

• PPS Valuation : $1,880,000/47 million OS = .04 x 20 P/E = .80 Price per Share Valuation!

• Looks like the companies main product right now is the interaction Community Systems. This looks like the cream of the crop. Take a look at it: http://www.interactioncs.com/f3/web/home.aspx?c=55f68c9f-8e52-4c85-bc7e-72892d8e9f22

• After the companies first ROAD SHOW of the product:, they were able to land 2 deals within 3 weeks, with many more on the way. http://ih.advfn.com/p.php?pid=nmona&cb=1238903546&article=36389018&symbol=NO%5EFTCH / http://ih.advfn.com/p.php?pid=nmona&cb=1238903546&article=36795802&symbol=NO%5EFTCH / http://ih.advfn.com/p.php?pid=nmona&cb=1238903546&article=36812364&symbol=NO%5EFTCH

• Now read that last PR carefully : "The real good news is there is about another 50 communities we met with that expressed an interest in Interaction that we are still following up. We have installed over 600 units for homeowners associations and management companies for the month of March; these include Westport, Winston towers and Pine Ridge."

• Share Structure confirmed. 16 million float with 47 million O/S

Happy trading folks!