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FOI Foccini International

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Share Name Share Symbol Market Type
Foccini International TSXV:FOI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Foccini Enters Negotiations to Sell Austrian Operations

29/05/2009 2:54pm

Marketwired Canada


Canada - Foccini International Inc. ("Foccini" or the "Company") (TSX
VENTURE:FOI) announced today that it has entered into negotiations to sell its
100% stake in its Austrian operating subsidiary, Foccini Trade GmbH (the "FT
Sub"). Foccini anticipates entering into an agreement to conditionally sell the
FT Sub and intends to submit a resolution in respect of the proposed disposition
to its shareholders at its next shareholders meeting on June 29, 2009.


This disposition will fulfill one of conditions required to allow Foccini to
exercise its option to purchase all the outstanding shares of Arch Biotech Inc.
as previously disclosed in a press release issued May 6, 2009.


Completion of the proposed disposition of the FT Sub is subject to compliance
with all necessary regulatory and other approvals and certain other terms and
conditions.


Forward-Looking Statements

All statements, other than statements of historical fact, in this news release
are forward looking statements that involve various risks and uncertainties,
including, without limitation, statements regarding the future plans and
objectives of the Company. There can be no assurance that such statements will
prove to be accurate. Actual results and future events could differ materially
from those anticipated in such statements. These and all subsequent written and
oral forward-looking statements are based on the estimates and opinions of
management on the dates they are made and are expressly qualified in their
entirety by this notice. The Company assumes no obligation to update
forward-looking statements should circumstances or management's estimates or
opinions change.


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