|October 19, 2006|
First Venture Reports Numerous Product Trials with Wine Industry
|VANCOUVER, BRITISH COLUMBIA - October 19, 2006 - First Venture Technologies Corp. (TSX-V:FEB) reports that it now has signed agreements in place with numerous wine companies to conduct fermentation trials with the company's proprietary urea and ethyl carbamate minimizing yeasts during this 2006 US harvest season.|
Many leading wineries have chosen to participate in this scaled-up phase of the company's pre-commercial product evaluation, varying in size from boutique estates to larger international producers. Of primary consideration for these trial clients has been the importance of minimizing ethyl carbamate contaminant levels in wine while maintaining high product quality. Additional wineries that were unable to trial this season have stated interest in this season's trial results and / or in participation in the following season.
These fermentation trials will look at:
"We are very pleased by the commitment of the many wineries we have had contact with who want to minimize ethyl carbamate contaminant exposure as evidenced by their willingness to trial the use of new technologies and products such as ours that can further improve wine product quality", noted Andy Starr, First Venture Yeast Products' Director of Marketing & Business Development.
"Though we are just in a pre-commercial trial phase this season, the participating wineries' collective capacity would represent over 10% of the total wine production in the U.S. today.", said Geoff Lee, First Venture's Director Regional Development. "We are gratified to have this participation, along with the further interest of others in this, just our first season "in-the-field".
ON BEHALF OF THE BOARD
Howard Louie, Chief Executive Officer
For further information contact:
*Tel: (604) 648-2200
ABOUT FIRST VENTURE TECHNOLOGIES
First Venture is a biotechnology company that develops and commercializes advanced yeast products. The company is currently commercializing a platform yeast technology that substantially reduces the formation of a known carcinogen, ethyl carbamate (or urethane) from foods and alcoholic beverages. The company has licensed the exclusive, worldwide rights to the technology from The University of British Columbia (UBC), and is developing the technology in partnership with UBC's world-renowned Wine Research Centre.
For further company information please access our website: www.firstventuretech.com
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
You can view the Next News Releases item: Wed Nov 29, 2006, First Venture Receives Health Canada Approval Allowing the Use of Proprietary Yeast by Canadian Wineries
You can view the Previous News Releases item: Thu Oct 5, 2006, EU Food Safety Authority to Examine Ethyl Carbamate Risk in Food & Drinks
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