Functional Technologies Corp.
TSX VENTURE : FEB

Functional Technologies Corp.

January 31, 2012 09:00 ET

Functional Technologies Announces Management Changes to Facilitate Strategic Relationship Development Efforts

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2012) - Functional Technologies Corp. (TSX VENTURE:FEB) (the "Company") announced Mr. Christopher Morris has been appointed Acting Chief Executive Officer (CEO). This enables Mr. Howard Louie, who remains as Executive Chairman and assumes the responsibilities of Chief Business Development Officer (CBDO), to focus exclusively on the Company's activities in cultivating and executing on strategic relationships associated with its lead technologies, as well as his ongoing capital market efforts.

Mr. Morris has more than 12 years of experience in the finance industry including senior roles in corporate finance, capital markets, and restructuring initiatives. Mr. Morris has previously held several senior executive roles in both private and public companies. Mr. Morris holds a PhD from Cambridge University.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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