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FOR IMMEDIATE RELEASE: January 27, 2005
FITON TECHNOLOGIES CORP. Fiton Technologies Corp. Completes Amalgamation
Toronto, Canada: Fiton Technologies Corp. Fiton Technologies Corp. (“Fiton”) announced that it has completed its previously announced going private transaction by way of amalgamation with 615936 N.B. Ltd. (“Numberco”), its largest shareholder, as approved by the shareholders of Fiton in a special meeting held on January 6, 2005. Fiton and Numberco filed articles of amalgamation which became effective on January 7, 2005. Fiton is in the process of notifying appropriate regulatory bodies including participants in the Electronic Quotation Service in the United States of its intention to have its common shares no longer listed for trading on the OTC market. With the completion of the amalgamation, shareholders of Fiton (other than Numberco and shareholders who chose to exercise dissent rights in respect to the transaction) received one Amalco Redeemable Class A Preferred Share (“Amalco Class A share”) of the corporation resulting from the amalgamation (“Amalco”) for each common share of Fiton they owned. Amalco will redeem each Amalco Class A share for $0.0683 in cash. Registered shareholders of Fiton have been asked to submit their shares to its transfer agent, Equity Transfer Services, as soon as possible, together with a duly completed letter of transmittal and related documentation in order to obtain their redemption proceeds. Non-registered shareholders should consult their brokers. For further information, contact:
Peter Pacini
FOR IMMEDIATE RELEASE: May 11, 2004 FITON TECHNOLOGIES CORP.
Toronto, Canada: Fiton Technologies Corp. (Pink Sheets: FTCUF) announces that, effective today, the Investor Relations Services of Wayne Isaacs, through Acadia Capital Corp., will be performed by our in-house staff, headed by Peter Pacini. About Fiton Technologies Corp. Based in Toronto, Canada, Fiton Technologies Corp. specializes in biocatalysis, a special form of bioremediation. The biocatalysis treatment process uses naturally occurring microorganisms to break down hazardous substances into less toxic or non-toxic matter. The company's technology is capable of treating a range of industrial wastes including organic & inorganic contaminants with applications to problems such as landfills, oil spills, oil tanker sludge, PCBs and mine tailings. The company also provides consulting services in site assessment, biotreatability testing, bioremediation system design, remediation construction, operation and monitoring. For further information: TEL: (905) 265-8256 FITON TECHNOLOGIES CORP. On behalf of the Board of Directors ------------------------------------------------------- FOR IMMEDIATE RELEASE: May 4, 2004 FITON TECHNOLOGIES CORP. ANNOUNCES SIGNING OF US$7,250,000 REMEDIATION CONTRACT WITH GOVERNMENT OF BARBADOS Toronto, Canada: Fiton Technologies Corp. (Pink Sheets: FTCUF) is pleased to announce that it has signed a US$7,250,000 contract with the Government of Barbados for the cleanup of the former Mobil refinery site at Needham's Point, St. Michael, Barbados. Under the terms of a binding Memorandum of Understanding, signed by Fiton Technologies Corp. and the Government of Barbados in May of 2003, Fiton Technologies Corp. completed Phase One, the planning phase, of the project. This contract will enable actual site work to commence within 6 weeks of the signing. Speaking at the signing ceremony at the National Petroleum Corporation's headquarters, Minister of Energy and Public Utilities, Anthony Wood, stated that Government is aware of the negative impact environmental damage has on Barbados' tourism industry, and that the cleanup of the Needham's Point area has become especially important since the area has been earmarked for tourism development. Dr. Godknows Itamunoala, Chairman and CEO of Fiton said that 99 percent of the workers on the project will be Barbadian, and that the company will be training local workers in the use of bioremediation technology. Dr. Itamunoala added that this contract will be an important catalyst for several other remediation projects currently in development. About Fiton Technologies Corp. Based in Toronto, Canada, Fiton Technologies Corp. specializes in biocatalysis, a special form of bioremediation. The biocatalysis treatment process uses naturally occurring microorganisms to break down hazardous substances into less toxic or non-toxic matter. The company's technology is capable of treating a range of industrial wastes including organic & inorganic contaminants with applications to problems such as landfills, oil spills, oil tanker sludge, PCBs and mine tailings. The company also provides consulting services in site assessment, biotreatability testing, bioremediation system design, remediation construction, operation and monitoring. For further information: TEL: (905) 265-8256 FITON TECHNOLOGIES CORP. Dr. Godknows Itamunoala ------------------------------------------------------- FOR IMMEDIATE RELEASE: February 19, 2004
Fiton Technologies Corp. Announces Completion of Corporate Restructuring
Toronto, Ontario, CANADA - Fiton Technologies Corp. (Pink Sheets: FTCUF) is pleased to announce that pursuant to an Annual and Special Meeting of the shareholders of the Company held on January 9, 2004, the shareholders approved a consolidation of the common shares of the Company on a basis of one (new) share for each 20 (old) shares. The consolidation is now in effect, and shareholders may submit their old certificates to Equity Transfer Services Inc. in exchange for the new certificates. Although the Company received approval from its shareholders to change the name of the Company from Fiton Technologies Corp. to “Fiton Group Inc.,” management believes that such a name change would not be in the best interest of the Company at this time. Therefore, the name of the Company will remain “Fiton Technologies Corp.” Dr. Godknows Itamunoala, Chairman and CEO of Fiton states that, “The recent reorganization has been well received by the shareholders and we are looking forward to moving ahead with some very exciting business opportunities.” About Fiton Technologies Corp. Based in Toronto, Canada, Fiton Technologies Corp. specializes in biocatalysis, a special form of bioremediation. The biocatalysis treatment process uses naturally occurring micro-organisms to break down hazardous substances into less toxic or non-toxic matter. The company’s technology is capable of treating a range of industrial wastes including organic and inorganic contaminants, with applications to problems such as landfills, oil spills, oil tanker sludge, PCBs and mine tailings. The company also provides consulting services in site assessment, biotreatability testing, bioremediation system design, remediation construction, operation and monitoring.
CONTACT: Fiton Technologies Corp Fiton Technologies Corp. or Wayne V. Isaacs, Investor Relations FITON TECHNOLOGIES CORP. (signed) Dr. Godknows Itamunoala
------------------------------------------------------- FOR IMMEDIATE RELEASE: January 9, 2004
Fiton Technologies Corp. Announces Toronto, Ontario, CANADA - Fiton Technologies Corp. (Pink Sheets: FITNF) is pleased to announce that, pursuant to an Annual and Special Meeting of the shareholders of the Company, the shareholders have approved a consolidation of the common shares of the Company on a basis of 1 (new) share for each 20 (old) shares. In addition, the shareholders have also approved a name change of the Company from Fiton Technologies Corp. to "Fiton Group Inc." The name change will become effective upon regulatory approval, if applicable, and acceptance by the Ministry of Business New Brunswick. We are also pleased to announce the re-election of Dr. Itamunoala, Dr. Fleming and Genevieve Itamunoala to the Board of Directors. Dr. Godknows Itamunoala, Chairman and CEO of Fiton states that, "We are encouraged by the overwhelming support of our shareholders in our effort to restructure the Company so that we may better capitalize on business and financing opportunities." About Fiton Technologies Corp. Based in Toronto, Canada, Fiton Technologies Corp. specializes in biocatalysis, a special form of bioremediation. The biocatalysis treatment process uses naturally occurring micro-organisms to break down hazardous substances into less toxic or non-toxic matter. The company's technology is capable of treating a range of industrial wastes including organic & inorganic contaminants with applications to problems such as landfills, oil spills, oil tanker sludge, PCBs and mine tailings. The company also provides consulting services in site assessment, biotreatability testing, bioremediation system design, remediation construction, operation and monitoring.
CONTACT: Fiton Technologies Corp or Fiton Technologies Corp. FITON TECHNOLOGIES CORP. (signed) Dr. Godknows Itamunoala ------------------------------------------------------- FOR IMMEDIATE RELEASE: November 10, 2003 FITON TECHNOLOGIES CORP. Toronto, Ontario, CANADA - Fiton Technologies Corp. (Pink Sheets: FITNF) is pleased to announce that pursuant to a Memorandum of Understanding with the Government of Barbados its Initial Inception Report ( the “Report”) has now been accepted by the Government of Barbados. As a result, the Company has now received a payment in an amount of US$362,500. The Company has commenced its initial operations in Barbados and has established a field office to conduct the remediation work with respect to the clean up of a contaminated site previously used as a petrochemical refinery. It is anticipated that the fieldwork will commence on or about November 2003. Dr. Godknows Itamunoala, Chairman and CEO of Fiton states that, “We have our team in place and we are anxious to break ground. The Government of Barbados is most supportive of this initiative and we hope that this will lead to other projects”.
Based in Toronto, Canada, Fiton Technologies Corp specializes in biocatalysis, a special form of bioremediation. The biocatalysis treatment process uses naturally occurring microorganisms to break down hazardous substances into less toxic or non-toxic matter. The company’s technology is capable of treating a range of industrial wastes including organic & inorganic contaminants with applications to problems such as landfills, oil spills, oil tanker sludge, PCB’s and mine tailings. The company also provides consulting services in site assessment, biotreatability testing, bioremediation system design, remediation construction, operation and monitoring. For further information:
TEL: (416) 214-4377 Investor Relations
FITON TECHNOLOGIES CORP. On behalf of the Board of Directors (signed) Dr. Godknows Itamunoala ------------------------------------------------------- FOR IMMEDIATE RELEASE: August 28, 2003 FITON TECHNOLOGIES CORP. Toronto, Ontario, CANADA -- Fiton Technologies Corp. (Pink Sheets: FITNF) is pleased to announce that, pursuant to a Memorandum of Understanding with the Government of Barbados, the Company has completed and delivered its Initial Inception Report (the “Report”), subject to approval of and acceptance by the Government of Barbados. The Company will be notified within 21 days of the acceptance, or rejection, of the Report. Payment in an amount of US$362,500 will be made within 28 days of the acceptance of the Report, in writing, by the Government of Barbados. Dr. Godknows Itamunoala, Chairman and CEO of Fiton states that, “We are eager to get started with our field work. We are looking forward to exploring other similar opportunities and building a great future for the Company and value for our shareholders.” About Fiton Technologies Corp. Based in Toronto, Canada, Fiton Technologies Corp specializes in biocatalysis, a special form of bioremediation. The biocatalysis treatment process uses naturally occurring microorganisms to break down hazardous substances into less toxic or non-toxic matter. The company’s technology is capable of treating a range of industrial wastes including organic & inorganic contaminants with applications to problems such as landfills, oil spills, oil tanker sludge, PCB’s and mine tailings. The company also provides consulting services in site assessment, biotreatability testing, bioremediation system design, remediation construction, operation and monitoring. For further information:
TEL: (416) 214-4377 Investor Relations
FITON TECHNOLOGIES CORP. On behalf of the Board of Directors (signed) Dr. Godknows Itamunoala ------------------------------------------------------- WEDNESDAY, AUGUST 20, 2003
FITON TECHNOLOGIES CORP ("FITNF") - USD 7.25 Million Contract Fiton Technologies Corp. is pleased to announce that it entered into a Memorandum of Understanding, on May 21, 2003, with the Government of Barbados (Ministry of Economic Development) for an amount of USD 7,250,000 to provide on-site remediation of the former Mobil refinery site. Fiton has received its initial mobilization payment from the Government of Barbados for USD 725,000 and will commence its activities under the terms of the Memorandum of Understanding immediately. Dr. Godknows Itamunoala, Chairman and CEO of Fiton adds, "This is a great opportunity for the company and its shareholders. We will now be able to demonstrate the efficacy of our technology to the world and we expect that the company will secure similar contracts in the near term." Fiton Technologies Corp. specializes in remediation of a wide spectrum of contaminants including crude oils, PCBs, PAHs and some inorganic wastes. FITON TECHNOLOGIES CORP. On behalf of the Board of Directors (signed) Dr. Godknows Itamunoala TEL: (905) 265-8256 Fiton Technologies Corp. TEL: (416) 214-4377 Investor Relations
Fiton Technologies Corp. (Pink Sheets: FITNF) announces today that it has reached a settlement and signed a multiyear agreement with Prospect International Holdings Limited, the owner and licenser of the Fiton Technology. The agreement permits Fiton Technologies Corp., to apply the Fiton Technology to remediation projects worldwide. Fiton Technologies Corp. specializes in remediation of a wide spectrum of contaminants including crude oils, PCB's, PAH's and some inorganic wastes. More information on Fiton Technologies Corp. can be found on www.fiton.com. Alternatively, you may contact Dr. G. Itamunoala directly at info@fiton.com. FITON TECHNOLOGIES CORP. On behalf of the Board of Directors (signed) Dr.
Godknows F. Itamunoala
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