FTI Fails to Close 2018 FLASH Licence and Consulting Agreement

TORONTO, April 01, 2020 (GLOBE NEWSWIRE) -- (TSX Venture: FTI) FTI Foodtech International Inc. ("FTI" or "the Company") announces that the February 26, 2018 agreement for consulting and of the licence for FLASH improvements and related software (the "Transaction") did not close, despite best efforts from both parties and is not expected to close. The warrants related to the transaction, which were issued in good faith, were not exercised and have since expired. No shares were issued.

The TSX Venture Exchange Inc. has not approved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, contact: William Hullah, President, FTI at (416) 444-1058.