FTI Foodtech International Inc. is a publicly traded, Toronto based company which has acquired new food products and technologies for licensing or sale. The Company's strategy is to work through existing channels, either providing food companies with rights to FTI products or the proprietary mixes required to produce them. Licensing agreements typically provide for a royalty per unit. The licensee assumes the cost of producing and distributing the product including technical fees to FTI for the preparation work needed to commence production. FTI retains control over the provision of propriety mixes which it sells to the licensee at a profit.

FTI's product development program is conducted by teams of professional resource people such as food scientists, home economists and marketing specialists under contract to FTI. This team approach has resulted in the development of successful new products for a number of major food companies.

FTI Trading & Choice Buys

The internet technologies have allowed FTI to capitalize on an amazing opportunity in the surplus goods industry. This worldwide “power brokerage” of goods has allowed us to perfect the area of Buying Low and Selling High. Through FTI's established network, multiple products with multiple buyers come together to generate elevated profits.

FTI has opened it first retail clearance centre to the public, with savings of 50 to 80% off retail prices. Though the store itself was successful, the mall it was located in closed down.  FTI has since held event sales - 2-3 week sales in temporary locations - with great success.

North American Barter Exchange Limited - Toronto Office

In December of 2000, FTI obtained the license to operate the Toronto Office of the North American Barter Exchange. The barter exchange provides a network that brings buyers and sellers together. Barter is the exchange of goods and services, without the exchange of cash. North American Barter Exchange provides business to business communications for all its members' products and services.

Technology Transfer

FTI Foodtech International is the Canadian technical and marketing agent for Ageless, an oxygen absorber product developed by Mitsubishi Gas Chemical Company.

The Ageless oxygen absorbent effectively extends product shelf life, by maintaining the original fresh taste, flavour, aroma and texture. Ageless oxygen absorbers permit food processors to create innovative new packaging designs and more economical distribution methods.

The potential market for Ageless is large. It is already being used in Canada in packaging of sandwiches for vending machines, pasta, dehydrated canned food and beef jerky, which is largely destined for export to Japan. Other applications include packaged cakes, nuts, spices and pharmaceutical products including vitamins.

The major ingredient in this patented oxygen absorber is a non-toxic powdered active iron oxide. The product is supplied in the form of sachets of varying sizes for different size containers and applications. By totally eliminating oxygen, Ageless sachets prevent the deterioration of fats and oils, prevent discolouration, kill vermin which might be present in grains, prevent the growth of mold and other aerobic micro organisms and facilitate storage in controlled atmospheres.

Highlights of FTI's Development

Financials

Corporate Governance and Policies