First Venture Technologies Corp.
TSX VENTURE : FEB

First Venture Technologies Corp.

July 12, 2007 09:00 ET

First Venture Announces Key Technical Appointments

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2007) - First Venture Technologies Corp. (TSX VENTURE:FEB) is pleased to announce the appointments of Dr. John Husnik in the role of Senior Research Scientist, and of Mr. Bryan Avila to the position of Technical Projects Leader with First Venture Yeast Products, Inc.

John is a leading-edge microbiologist and an expert in the area of wine yeast genetics. He was previously with the University of British Columbia's Wine Research Centre where he was the technical lead on the development of the urea-degrading yeast technology. John's recent publications in peer-reviewed journals demonstrate his unique expertise in the successful development of functionally-enhanced yeast strains. His major contributions to the urea-degrading yeast technology have been presented at national and international conferences on numerous occasions. John's prior work and training experience includes having direct and extensive collaborations with a leading global yeast producer and several research centres.

Bryan brings a progressive and innovative track record to the team, along with acknowledged full-time work experience and contacts with some of the top wineries and commercial laboratories in the California wine industry. He has a Bachelor of Science in Fermentation, and received a citation for Outstanding Performance from the Department of Enology and Viticulture at the University of California at Davis.

ON BEHALF OF THE BOARD

Howard Louie, President and CEO

ABOUT FIRST VENTURE TECHNOLOGIES

First Venture is a biotechnology company that develops and commercializes advanced yeast products.

The company is currently commercializing a platform yeast technology that substantially reduces the formation of a known carcinogen, ethyl carbamate (or urethane) from food products and alcoholic beverages. The company has licensed the exclusive worldwide rights to the technology from The University of British Columbia (UBC), and is developing the technology in partnership with UBC's world-renowned Wine Research Centre.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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