NEPTUNE, N.J., Sept. 15, 2010 (GLOBE NEWSWIRE) -- FACT Corporation (OTCBB:FCTOA), a specialty nutrition solutions provider to the global baked-goods industry, is pleased to announce the launch of a new operation which is expected to increase operating revenues and profitability.
FACT is pleased to announce that through our wholly-owned subsidiary, FACT Products Inc., we have acquired a business dedicated to marketing private-label natural products and supplements (NPS) into international markets. FACT Products has hired two new employees with significant international experience in the NPS market, as well as worldwide professional and NPS distribution networks. In the first 12 months we will focus on the launch of 20 specialty private-label supplements into international markets, which is expected to generate gross revenue of approximately $1.6 million.
FACT Corporation CEO Jacqueline Danforth commented, "This business opportunity is the ideal complement to our better-for-you line of commercial and retail baked goods, and we expect significant synergies from these two business segments."
Ms. Danforth further added, "I am also pleased to report we have made substantial progress with respect to all three of our 2010 growth initiatives announced in January of this year, and we will be making a series of additional announcements over the next several weeks. We will be providing details on the specific product development work completed, the growth in our customer base, and the progress made with our retail initiatives under FACT's own Nutrition First™ brand. It has been an enormously busy year at FACT and it's wonderful to have the opportunity to share our progress with all of our highly supportive investors."
About FACT Corporation
FACT has been engaged in the healthy lifestyle market since 2002. Operating through our wholly-owned subsidiary, Food & Culinary Technology Group Inc., we develop and market customized nutrition solutions created for the global baked-goods industry. Presently, our core products are proprietary specialty bake mixes, which we sell to commercial producers who use these mixes to manufacture popular, health-friendly packaged baked goods. These items target a rapidly-growing, increasingly-sophisticated consumer marketplace focused on quality, taste and nutrition.
Our customers market their finished products (foods we all love to eat, such as bagels, brownies, muffins and cookies) through both conventional and alternative distribution channels, including branded and private-label retail opportunities, as well as foodservice and specialty markets. Currently FACT is in the process of launching its first line of bake-mix products for use by the consumer in their own homes. Nutrition First™ all natural baked goods — Wholesome. Flavorful. Healthy. Through subsidiary FACT Products Inc., FACT has recently commenced operations in the private-label natural products and supplements (NPS) channel for distribution into international markets. For more information about FACT, its subsidiaries and its products, please visit .
The statements contained herein regarding the intent, belief and current expectations of FACT Corporation are forward-looking statements that reflect numerous assumptions, risks and uncertainties, any of which may cause our actual future results to differ materially from those indicated in these statements, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. While the company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that any of our forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking statements contained herein.
CONTACT: FACT Corporation Media and Investor inquiries: Jacqueline Danforth Lance Bauerlein 1-888-211-7181 1-403-693-8004 Sales inquiries: Scott Rounds 1-469-261-4004