VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2013) - Functional Technologies Corp. (TSX VENTURE:FEB)(OTCQX:FEBTF) today announced that Mr. Maurice Boucher has joined the company's in-house Investor Relations department to enhance its communication and reporting to the company's shareholders and to the Canadian and International investment communities.
Mr. Boucher has broad experience providing both Investor Relations and Corporate Finance services for pre-revenue technology companies in Canada and the USA over the past 23 years, as well as being a Founder, Board member and CFO of a successful hi-tech company based in China. He has worked with both publicly traded companies and privately held companies during that time. The companies he has provided services to in the past have traded their shares on stock exchanges in one or more securities jurisdictions including Canada, the USA and Europe and he is familiar with the investment communities and regulatory environments in those trading jurisdictions.
Mr. Boucher commented, "I have worked with Functional Technologies in the past and I am a long-time shareholder of the company. I am returning to work with the company as I strongly believe that the technology the company has created and commercialized is strategically and critically important not only to global food and beverage industries but also to the health of the general population as it prevents the formation of certain carcinogens and other toxins from mainstream and widely used food and beverage products." He added, "My goal is to work with the Functional Technologies management team to maximize shareholder value and simultaneously ensure that the company has sufficient resources to broadly and globally commercialize its important health technologies."
The investor relations services will be provided to Functional Technologies by Mr. Boucher through an agreement with his personally owned management services company, First Standard Capital Corporation, of Vancouver, BC. First Standard Capital will receive a monthly fee of $5,000 per month, as well as reasonable pre-approved expenses for communication and travel, which will be paid from general working capital. The Agreement is subject to termination by either party with 30 days written notice.
Mr. Boucher will work with Momentum Public Relations Inc., which is currently providing IR services to Functional Technologies, to ensure smooth integration of external IR services with in-house IR operations.
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.
The head office and R&D operations for Functional Technologies are based in Vancouver, BC, Canada.
For more information, please visit our website at www.functionaltechcorp.com.
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