SOURCE: Global Food Technologies, Inc.

October 09, 2007 09:00 ET

Global Food Technologies Testifies on Import Safety

WASHINGTON, DC--(Marketwire - October 9, 2007) - Global Food Technologies, Inc. ("GFT"), a U.S.-based life sciences company focusing on food safety, provided testimony on improving the safety of imported food before President Bush's Interagency Working Group on Import Safety. Secretary Leavitt of the U. S. Department of Health and Human Services chaired the meeting. GFT's verbal comments were submitted for the record along with a document on improving FDA effectiveness authored by GFT advisor Curtis Keyes. Mr. Keyes has represented importers in over 1500 appeals before the FDA, according to GFT.

Keith Meeks, GFT President & CEO testified, "The issues and bills that are being discussed in the Congress and within the Executive Branch present opportunities for action across the board that promise Americans more security and peace of mind. It has been said many times that we cannot inspect our way out of this problem; prevention is the key. Clearly, it is time to update our approach by adding new requirements, responsibilities and authorities that provide funding for prevention, verification and enforcement. We believe that legislation and regulation in the food industry will drive formation of a private sector food safety service industry and spur competition for innovation and excellence."

In testifying how GFT has taken a lead role in addressing worldwide concerns over seafood safety, Mr. Meeks further stated, "Our company is providing new commercial services to foreign seafood processors who wish to gain outstanding supplier reputations by acquiring the best available technologies and onsite services to mitigate foodborne pathogens and to identify and prevent contaminants from entering the food supply. A prerequisite to our service agreement is a third-party certification of food safety and quality plans. We endorse the Food Marketing Institute's SQF level three program and the Best Aquaculture Practices standards for shrimp production created by the Global Aquaculture Alliance. Our service agreement includes the installation of millions of dollars in new food safety hardware and the provision of full-time employees trained to conduct multiple interventions with new pathogen reduction technologies. It also includes an on-site microbiologist for daily efficacy validation, time and temperature monitoring technology, and product insurance against regulatory intervention and product recall. The target market is the consumer who values maximum safety effort and will pay a premium for extra peace of mind."

Curtis Keyes, President of Marine Management Insurance Brokers and member of the GFT Board of Advisors, stated, "Over eighty percent of seafood consumed in America is imported, which makes seafood a critical category in these discussions. There are major issues in this industry that need immediate action. I was attracted to GFT because of their proprietary technologies and I believe that GFT's iPura™ Food Safety Service Contract is a comprehensive long-term solution for those foreign processors, importers and retailers who wish to stand above the rest by far exceeding regulatory requirements. There is a big market in the U.S., Japan and EU for exceptional quality and safety."

For more information on the President's Interagency Working Group - www.importsafety.com

For more information on GFT - www.globalfoodtech.com

For more information on Marine Management Insurance Brokers - www.mmib.com

Forward-Looking Statements

With the exception of historical information, the statements set forth above include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. These forward-looking statements relate to matters such as, among other things, product development and acceptance, our anticipated financial performance, business prospects, technological developments, new products, future distribution or license rights, international expansion, possible strategic alternatives, new business concepts, capital expenditures, consumer trends and similar matters. A variety of factors could cause GFT's actual results and future experiences to differ materially from the anticipated results or other expectations expressed in these forward-looking statements, and the reader is directed to GFT's filings with the Securities and Exchange Commission for a discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. GFT does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances and cannot assure that projected results or events will be achieved.

Contact Information

  • Investor Relations Contact:
    Michael Shaw
    (559) 589-0100
    Email Contact