VIFLD Food Technology Service (MM)

Food Technology Service, Inc., (NASDAQ:VIFLD) announced today that it has regained compliance with NASDAQ rules relating to the minimum bid price of common stock. The Company was notified on January 18, 2006 that it had failed to maintain a minimum bid price of $1.00 over the preceding 30 consecutive trading days as required by Nasdaq Marketplace Rule 4310(c)(4). That notification gave the company until July 17, 2006 to demonstrate compliance by maintaining a minimum closing bid of at least $1.00 for a minimum of 10 consecutive trading days. On July 19, 2006, Nasdaq wrote the company stating, "The Company has regained compliance with Marketplace Rule 4310(c)(4) and this matter is now closed." As previously announced, the Company's trading symbol on the NASDAQ exchange was temporarily changed to VIFLD on July 5, 2006 to notify investors of a reverse stock split effective on that date. The Company's trading symbol will return to VIFL on August 2, 2006. Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risk and uncertainties that may affect business and prospects and cause actual results to differ materially from these forward-looking statements.