Forbes Medi-Tech Inc.
OTC Bulletin Board : FMTI

March 03, 2008 18:15 ET

Forbes Medi-Tech Announces Trading of Common Shares on Post-Exchange Basis

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2008) - Forbes Medi-Tech Inc. (TSX:FMI)(NASDAQ:FMTI)(NASDAQ:FMTID) ("Forbes") today announced that its common shares are now trading on NASDAQ and the TSX on a post-exchange basis. Initially, the trading symbol for Forbes' shares trading on NASDAQ will be "FMTID", - an interim symbol to denote the post-exchange status. The trading symbol "FMI" for Forbes' shares trading on the TSX remains unchanged.

This post-exchange trading follows the formal completion of the previously announced reorganization involving the exchange of New Forbes shares for Old Forbes shares on the basis of one (1) common share of New Forbes for every eight (8) common shares of Old Forbes.

About Forbes Medi-Tech Inc.

Forbes Medi-Tech Inc. is a life sciences company dedicated to the research, development and commercialization of innovative products for the prevention and treatment of life-threatening disease. Our strategy and vision is to develop and market a portfolio of products for the benefit of all consumers, from the healthy person desiring consumer lifestyle products that can help reduce the risk of future disease, to medical patients needing therapeutic prescription products for the treatment of an established ailment. Additional information on Forbes Medi-Tech can be found at

This News Release contains forward-looking statements and information regarding the trading symbol for shares of Forbes Medi-Tech Inc. on Nasdaq, and Forbes' strategy and vision. Forward-looking statements and information can be identified by the use of forward-looking terminology such as "will", "strategy", "vision", "to develop" or comparable terminology referring to future events or results. Forward-looking statements and information are statements and information about the future and are inherently uncertain. The Company's actual achievements and other results and occurrences could differ materially from those anticipated in these forward-looking statements and information due to a variety of risks, uncertainties and other factors, including, without limitation, the fact that trading symbols are subject to change without notice; uncertainty about whether Forbes will regain compliance with Nasdaq's minimum bid price listing standard; uncertainty about the timing and outcome of the hearing, scheduled for late March, with the Nasdaq Listing Qualifications Panel, which may result in Forbes' loss of its Nasdaq listing; uncertainty whether Forbes will be able to continue to maintain either its TSX or its Nasdaq listing; the need for additional funding in the near term, which may not be available in a timely manner or at all, and if not so obtained, will have a material adverse effect on Forbes; the risk of unanticipated costs or expenses; uncertainty whether the Company will realize is strategies and vision; changes in business strategy or development plans; as well as a description of other risks and uncertainties affecting the Company and its business, as contained in news releases and filings with the United States Securities and Exchange Commission and Canadian Securities Regulatory Authorities, any of which could cause actual results to vary materially from current results or the Company's anticipated future results. Forward-looking statements and information are based on the assumptions, beliefs, opinions and expectations of the Company's management at the time they are made, and, except as required by applicable law the Company does not assume any obligation to update its forward-looking statements or information if those assumptions, beliefs, opinions or expectations or other circumstances should change.

NASDAQ and the Toronto Stock Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this News Release.

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