August 14, 2007 10:39 ET

eResearch Update Report for First Venture Technologies Corp. Maintains Recommendation and Target Price

TORONTO, ONTARIO--(Marketwire - Aug. 14, 2007) - eResearch analysts, Nigel Heath, BBM, CFA and Bob Weir, B.Sc., B.Comm., CFA, have written an Update Report on First Venture Technologies Corp. (TSX VENTURE:FEB). The Analysts have maintained their Speculative Buy Recommendation and their $2.50 Target Price. First Venture Technologies is a food science company that is developing new strains of yeast for beverages (eg., wine; sherry) and food (eg., bread; baked goods) that reduce the presence of a known carcinogen, ethyl carbamate.

Highlights from the report are as follows:

- Commercial trials indicated no material difference in wine quality or production process.

- Efficacy performance has been as expected.

- Recent agreement with established yeast producer allows for commercial production of Company's urea-degrading wet yeasts for the 2007 wine-making season.

- Company still seeks a long-term supplier of active dry yeast for its main commercial sales efforts.

- Currently well financed given recent $3 million private placement, but further funding likely in 2008 to develop Company's own yeast production facility.

- Company continues to evaluate complimentary technologies/products to grow its revenue base.

- Product success could make Company a takeover target.

- Company has yet to record any revenues, and is considered a speculative investment.

- Liquidity of the shares remains relatively low.

eResearch, which prepared this Press Release, is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

First Venture Technologies Corp. paid eResearch a fee of C$35,000 + GST to conduct research on the Company, with quarterly coverage.

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