ALPHARETTA, Ga., Jan. 31, 2012 /PRNewswire/ -- F3 Technologies, Inc. (Pinksheets:FTCH.PK) today announced that FargoTunes(TM), its music distribution service for artists, has begun marketing efforts to brand itself as an 'Artist Royalty Management & Distribution' (ARMD) service.
"FargoTunes was created with the artist in mind," commented Frank Connor, F3 Technologies' Chief Executive Officer. "The new service is designed to inexpensively manage all distribution of copyrighted materials on one platform, allowing all artists control over more than 100-plus digital stores.
"The increasingly complex and dynamic nature of music distribution, requiring management of more than 100 download & streaming outlets each with slightly different royalty models, establishment of ISRC and bar coding, as well as general accounting across all platforms, make the benefits of such a central management service become more obvious," Connor said.
FargoTunes manages all aspects of copyrighted music distribution on major consumer outlets including iTunes(R), Amazon(R), and Rhapsody(R) music download services as well as streaming music outlets including Spotify(R), Rdio(R), We7(R), IHeartRadio(R) and Grooveshark(R); FargoTunes facilitates distribution through worldwide mobile networks and specialty sites enabling FargoTunes artists to retain 100% ownership of their creative works.
"As artists and producers look for ways to monetize both new and previously released works, FargoTunes remains committed to meeting artists' need for a comprehensive royalty management and distribution service that anyone can afford. New artist acquisitions also complement F3's own online consumer outlet, FargoTube(TM), because it continues adding new material to its more than 10,000,000 movie, music, and book titles," Connor concluded.
In an update to the press release of August 23, 2011, the company continues to be in ongoing negotiations for this specific movie catalog. While these negotiations continue, the company has also entered into additional negotiations with other companies for their movie and television content as a means of rounding out the FargoTube content offerings.
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.
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