ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

FXT Freshxtend Tech Corp

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Freshxtend Tech Corp TSXV:FXT 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 -

FreshXtend and Mantrose-Haeuser Form Joint Ventures

04/04/2008 6:12pm

Marketwired


Freshxtend Tech Corp (TSXV:FXT)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Freshxtend Tech Corp Charts.

VANCOUVER, BRITISH COLUMBIA and WESTPORT, CONNECTICUT and Mantrose-Haeuser Co., Inc. are pleased to announce that, further to their news release dated February 19, 2008, the two companies, NatureSeal, Inc. (U.S.) and AgriCoat NatureSeal Limited (UK) have been formed. Mantrose and FreshXtend have each transferred into the two companies their respective antioxidant businesses that prolong the shelf life and reduce discoloration of fresh-cut produce.

Mantrose is the majority shareholder and will control and direct the operations of each company. FreshXtend is a shareholder with board representation in each company and will continue to be involved in the future development of the businesses.

The formation of the two joint ventures is part of an overall settlement resulting from a lawsuit by Mantrose alleging patent infringement by FreshXtend. FreshXtend has agreed to cease marketing its antioxidant products used for preservation of fresh-cut fruits and vegetables and has also negotiated the release of all FreshXtend customers from any potential patent infringement claims by Mantrose for the period up to the settlement date.

"We believe that this agreement not only provides clarity to the marketplace with respect to our technology, but will also serve to accelerate the development of new technologies and products beneficial to our customers," said William Barrie, President and General Manager of Mantrose. "We are certainly pleased to have this litigation resolved and look forward to assisting Mantrose's development efforts in this new venture," said Murray Boyte, Chairman of FreshXtend.

Mantrose-Haeuser Co., Inc. is a leading supplier of edible film coatings for the pharmaceutical, confectionery and agricultural industries and is based in Westport, Connecticut. NatureSeal is a family of products that keeps cut produce fresh and was developed and patented jointly with the USDA - Agricultural Research Service.

FreshXtend Technologies Corp. is a leading provider of life extension technology to the high-growth fresh produce and flower industry. FreshXtend's patented technologies naturally place produce in a state of hibernation while it is being shipped and extend the shelf-life of fresh produce, flowers and juices. FreshXtend is based in Vancouver, British Columbia and has a network of R&D relationships, which include the University of British Columbia.

The statements in this news release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbour created by these sections. Actual results may differ materially from the Company's expectations.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Contacts: FreshXtend Technologies Corp. Roy Robinson (604) 322-0759 (604) 322-0487 (FAX) Website: www.freshxtend.com Mantrose-Haeuser Co., Inc. Karen Murphy (203) 454-1800

1 Year Freshxtend Tech Corp Chart

1 Year Freshxtend Tech Corp Chart

1 Month Freshxtend Tech Corp Chart

1 Month Freshxtend Tech Corp Chart

Your Recent History

Delayed Upgrade Clock