| January 20, 2009 Functional Technologies Reports Stock Option Amendment | |
| VANCOUVER, BRITISH COLUMBIA --- January 20, 2009 --- Functional Technologies Corp. (TSXV: FEB) reports that, subject to TSX Venture Exchange approval, the stock option previously granted to SectorSpeak Inc. has been amended to reduce the number of shares that may be purchased to 100,000 and to reduce the exercise price to $0.60. About Functional Technologies Corp. Functional Technologies is a functional foods and biological health products company that develops and commercializes advanced yeast products, and other novel biological products, for the food and the health care industries. The company is currently commercializing a platform yeast technology that substantially reduces the formation of ethyl carbamate (also known as urethane, which has been recently reclassified by the World Health Organization up to a Group 2A carcinogen - the same carcinogen class as lead, mercury, acrylamide and diesel exhaust), from wines and other fermented beverages and foods. As part of its core focus of improving and enhancing the quality of the global food and beverage supply, Functional Technologies has recently expanded its yeast portfolio through the licensing of proprietary hydrogen sulfide (H2S) reducing technology from the University of California at Davis. H2S is one of the most common occurring sensory defects, and a widespread problem, in wine production. In addition Functional Technologies, through its wholly-owned subsidiary Phyterra Bio Inc., is developing a platform of proprietary biological products, for animal health, utilizing proprietary science in the field of micro-algae. For further company information, please access our website at www.functionaltechcorp.com. For further information, contact: Head Office: Functional Technologies Corp. Phone: 604.648.2200 Email: info@functionaltechcorp.com Investor Relations: Hogan Mullally Investor Relations Phone: 204.479.2516 Toll Free: 888.442.4106 Email: hogan@functionaltechcorp.com THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. | |
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