Functional Technologies Corp.

Functional Technologies Corp.

October 03, 2012 19:03 ET

Functional Technologies Reports Increase in Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 3, 2012) - Functional Technologies Corp. (TSX VENTURE:FEB)(OTCQX:FEBTF) reports that, subject to TSX Venture Exchange approval, the amount to be raised in the second tranche of the non-brokered private placement announced in its news release of July 16, 2012 has been increased to $1,925,200. Details of the closing of the first tranche were reported in the company's news release of August 9, 2012.

The Board of Directors

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 ("WHO") as probable human carcinogens. Functional Technologies' lead technologies include yeasts that prevent and reduce the formation of foul smelling hydrogen sulphide (H2S) and the WHO classified probable carcinogen, acrylamide - both 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. For more information, please visit our website at

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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