Functional Technologies Corp.
TSX VENTURE : FEB

Functional Technologies Corp.

May 30, 2011 09:00 ET

Functional Technologies Announces Grant of Stock Option

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 30, 2011) - Functional Technologies Corp. (TSX VENTURE:FEB) (the "Company") announced today that it has granted Dr. Connie Chen, the Company's Vice President, Corporate Development and Communications, an option to purchase 125,000 common shares, exercisable for five years at a price of $0.77 per share.

About Functional Technologies Corp.

Functional Technologies develops and commercializes proprietary, advanced yeast-based solutions to significant challenges in the food, beverage and healthcare industries. The Company's platform improves the performance of innate yeast functions, and prevents the formation of naturally occurring toxins and contaminants that either affect final product quality or are classified by the World Health Organization as probable human carcinogens. Functional Technologies' lead technologies include yeasts that prevent and reduce the formation of the foul-smelling hydrogen sulphide (H2S) and the carcinogens acrylamide and ethyl carbamate (more commonly known as urethane), by-products of food and beverage processing. These contaminants are found in many commonly consumed items, such as fermented food products and alcoholic beverages, and baked and fried foods. With a head office in Vancouver, Functional Technologies Corp. has R&D operations in Prince Edward Island and Europe, as well as a U.S. sales office in Napa Valley, California. For more information, please visit our website at www.functionaltechcorp.com.

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