FTI Foodtech International Inc.

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  FTI FOODTECH INTERNATIONAL INC.

TSX VENTURE SYMBOL:  FTI

JULY 3, 2003 - 09:38 ET

FTI Foodtech International Inc. Retains American Capital
Partners Limited For Corporate Financing Undertaking

TORONTO, ONTARIO-- 

Mr. William Hullah, President and CEO of FTI Foodtech 
International Inc. (FTI-TSXV) is pleased to announce that the 
Company has retained the services of American Capital Partners 
Limited (ACPL) to arrange a corporate financing undertaking of up 
to $1,000,000 CDN. 

These funds will be utilized to expand the Company's retail 
clearance operation through the purchase of additional inventory. 


As was announced on May 7th, on May 1, 2003, FTI opened an 
approximately 7,500 sq. ft. super clearance centre in the Warden 
Power Centre, located in Toronto's East end. This store has been 
open seven days a week and offers consumers savings of up to 80% 
off the suggested retail prices of a wide range of brand name 
consumer goods. The store is meeting all initial sales targets. 

"We are pleased and excited to work with ACPL. They have an 
excellent track record of arranging such financing undertakings. 
With these funds we will be able to be more aggressive with the 
deals we pursue and this will also enable us to offer our growing 
customer base a significantly expanded product selection. Also 
importantly, It will give us the added inventory to explore 
opening additional retail stores here in Metro Toronto and/or 
other emerging markets which have been targeted for growth and 
expansion", stated Mr. Hullah.  

AMERICAN CAPITAL PARTNERS LIMITED is a Toronto based corporate 
finance firm. Their services are offered within their combined 
areas of expertise in Acquisition Financings; Financial 
Restructurings and Refinancings on behalf of privately owned and 
publicly traded companies. The Firm's specialized financing 
capabilities are focused on Canadian based companies who are 
undertaking transaction amounts within the $1,000,000 to 
$15,000,000 range. 

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