VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2013) - Functional Technologies Corp. (TSX VENTURE:FEB) (the "Company") announced today that it has received notice that it will be removed from the OTCQX International Marketplace and downgraded to the OTC Pink Current tier for trading, beginning May 9, 2013. This action is a result of the Company filing the Notice to Creditors on May 25, 2013. The Company is eligible to reapply for listing on the OTCQX International Marketplace in the future once it again meets the relevant initial listing standards.
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 sulfide (H2S) and the carcinogen Acrylamide, both naturally occurring by-products of food and beverage processing. The head office and R&D operations for Functional Technologies are based in Vancouver, BC, Canada.
For more information, please visit our website at www.functionaltechcorp.com.
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