FreshXtend Technologies Corp.

FreshXtend Technologies Corp.

September 01, 2005 09:30 ET

FreshXtend Announces Granting of Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 1, 2005) - FreshXtend Technologies Corp. (TSX VENTURE:FXT) announces the grant of 1,000,000 incentive stock options to the new CEO, Mr. Francis Ko. The options are exercisable for a term of five (5) years at a price of $0.18 per share.

FreshXtend is a leading provider of life extension technology to the high growth fresh produce and flower industry and uses its technological leadership to pursue licensing opportunities. The Company's patented technologies naturally place produce in a state of hibernation while it is being shipped, and extends the shelf life of fresh produce, flowers and juices, thereby enabling economic distribution of premium quality vine-ripened fruit and vegetables. The Company has a network of R & D relationships, which include the University of British Columbia and focuses on building features that will appeal to FreshXtend's customers in order to gain a competitive edge in the marketplace. The Company continues to pursue licensing opportunities through grower/processor channels as a way of maximizing the distribution for its technologies.

Manual Listing S & P's Industrial & Int'l, 12g (3)b Exemption: #82-2190

The statements in this news release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbour created by these sections. Actual results may differ materially from the Company's expectations.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Contact Information

  • FreshXtend Technologies Corp.
    R.W. Robinson
    (604) 322-0759
    (604) 322-0487 (FAX)