Forbes Enters Into New Collaboration for Reducol in Germany, Austria and Switzerland
20 March 2008 - 7:05AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (NASDAQ: FMTI)(NASDAQ: FMTID) today
announced that it has entered into collaboration with Max food
ingredients GmbH, a member of the Uplegger food company GmbH group.
Max food ingredients GmbH was formed for the purpose of selling
Forbes' proprietary sterol ingredient, Reducol(TM), and has
obtained exclusive rights for Germany, Austria and Switzerland.
"With its in-depth knowledge of the German market, close
high-level contacts at major German retailers and manufactures, the
Uplegger food company GmbH has significantly strengthened our
European network. Partnering with established food producers and
distributors has already proven successful with Forbes-Fayrefield
in the UK, France, The Netherlands and Portugal and with Scanvit Oy
in Scandinavia," said Laura Wessman, Senior Vice President
Operations, Forbes Medi-Tech Inc.
About Uplegger food company GmbH
One of Germany's oldest registered companies, Uplegger food
company GMBH, was incorporated in 1884, and has maintained its
focus in the marketing, distribution and sale of chilled food, with
particular emphasis on dairy. Today, Uplegger food company GMBH is
a group of 10 companies, the most recent of which is Max food
ingredients.
About Forbes Medi-Tech Inc.
Forbes Medi-Tech Inc. is a life sciences company dedicated to
the research, development and commercialization of innovative
products for the prevention and treatment of life-threatening
disease. Our strategy and vision is to develop and market a
portfolio of products for the benefit of all consumers, from the
healthy person desiring consumer lifestyle products that can help
reduce the risk of future disease, to medical patients needing
therapeutic prescription products for the treatment of an
established ailment. Additional information on Forbes Medi-Tech can
be found at www.forbesmedi.com.
Forbes Medi-Tech ("Forbes" or the "Company") has relied solely
on Uplegger food company GmbH for the information about Uplegger
food company GmbH provided in this News Release and the Company
disclaims any liability with respect to such information. This News
Release contains forward-looking statements and information
regarding Forbes' collaboration with Max food ingredients GmbH,
sales of Reducol(TM), and Forbes' strategy and vision, which
statements can be identified by the use of forward-looking
terminology such as "selling", "strategy" and "vision". The
Company's actual results could differ materially from those
anticipated in these forward-looking statements and information as
a result of numerous factors, including the Company's need for
funding in the near term, the availability and sufficiency of which
is not assured; strategic partnership risks and the need for
performance by Max food ingredients GmbH; market risks;
intellectual property risks; manufacturing risks; product liability
and insurance risks; the effect of competition; changes in business
strategy or development plans; uncertainty whether the Company will
realize its strategies and vision; and other risks and
uncertainties, as contained in news releases and filings with
Securities Regulatory Authorities in Canada and the U.S. at
www.sedar.com and at www.sec.gov, any of which could cause actual
results to vary materially from current results or the Company's
anticipated future results. Forward-looking statements and
information are based on the assumptions, beliefs, opinions and
expectations of the Company's management at the time they are made,
and the Company does not assume any obligation to update any
statement should those assumptions, beliefs, opinions or
expectations, or other circumstances change.
NASDAQ and the Toronto Stock Exchange have not reviewed and do
not accept responsibility for the adequacy or accuracy of the
content of this News Release.
Contacts: Medi-Tech Inc. Investor Relations (604) 681-8976
Email: ir@forbesmedi.com Website: www.forbesmedi.com
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