Functional Technologies Engages Momentum Public Relations for Investor Relations
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/09/12 -- Functional Technologies Corp. (TSX VENTURE: FEB) (the "Company") is pleased to announce it has retained the services of Momentum Public Relations, Inc. ("Momentum"), a Longueuil, Quebec-based corporate development and communications firm, to provide market awareness and investor relations services, subject to regulatory approval. Momentum will assist the Company in forming productive relationships with private investors, analysts, investment funds, brokers, other financial institutions and interested parties.
"We are excited to work with Functional Technologies and introduce the Company to Momentum's strong network of investors and relationships in the investment communities across Canada," commented Maxence Gage-Godbout, President and founder of Momentum. "We believe that Functional Technologies, with its innovative technologies that are poised to capitalize on one or more commercial opportunities in the food and beverage sector, will be of significant interest to the investment community."
Functional Technologies and Momentum have entered into a services agreement with a term of six months, with a monthly remuneration of C$4,500, which the Company intends to pay from general working capital. Momentum has also been granted options to purchase 150,000 common shares of the Company (the "Options") at a price of C$0.49 per common share for a maximum term of three years, which shall be subject to the terms of the Company's stock option plan and will vest in accordance with the provisions therein as well as the policies of the TSX Venture Exchange.
Momentum currently has no direct or indirect interest in the securities of Functional Technologies, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options. A principal of Momentum owns shares of the Company and may purchase additional shares.
About Functional Technologies Corp.
Functional Technologies develops and commercializes proprietary, advanced yeast-based solutions to significant challenges in the food, beverage and healthcare industries. The Company's platform improves the performance of innate yeast functions, and prevents the formation of naturally occurring toxins and contaminants that either affect final product quality or are classified by the World Health Organization as probable human carcinogens. Functional Technologies' lead technologies include yeasts that prevent and reduce the formation of the foul-smelling hydrogen sulphide (H2S) and the carcinogens acrylamide and ethyl carbamate (more commonly known as urethane), by-products of food and beverage processing. These contaminants are found in many commonly consumed items, such as fermented food products and alcoholic beverages, and baked and fried foods. With a head office in Vancouver, Functional Technologies Corp. has R&D operations in Prince Edward Island and Europe, as well as a U.S. sales office in Napa Valley, California. For more information, please visit our website at .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Functional Technologies Corp.
Connie Chen, PhD
VP, Corporate Development and Communications
+1.647.282.5038
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Datum: 09.01.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 1070960
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Biotech
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