Functional Technologies Corp.
TSX VENTURE : FEB

Functional Technologies Corp.

August 08, 2011 07:00 ET

Functional Technologies Grants Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 8, 2011) - Functional Technologies Corp. (TSX VENTURE:FEB) (the "Company") today reported the grant of stock options to its directors for the purchase of a total of 750,000 common shares. The options are exercisable for five years at a price of $0.60 per share. The last grant of options to directors was made in September 2009.

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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