Functional Technologies Corp.
TSX VENTURE : FEB

Functional Technologies Corp.

August 19, 2011 07:00 ET

Functional Technologies Reports Board and Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 19, 2011) - Functional Technologies Corp. (TSX VENTURE:FEB) (the "Company") today reported that Gerri Greenham has resigned from the Board of Directors of the Company to pursue other interests and business commitments. The Board of Directors would like to thank Mr. Greenham for his business insights, expertise in successful navigation of the governmental funding landscape, as well as many other valuable contributions to the Company. Functional Technologies also reports James D. Pratt's departure from the Company, effective immediately. The Board of Directors wishes both Mr. Greenham and Mr. Pratt well in their future endeavors.

ON BEHALF OF THE BOARD OF DIRECTORS OF FUNCTIONAL TECHNOLOGIES CORP.

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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