VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 06/18/08 -- FreshXtend Technologies Corp. (TSX VENTURE: FXT) ("FreshXtend" or "the Company") announces that on June 16, 2008, Ludgate 181 (Jersey) Limited ("Ludgate 181") acquired 2,051,000 Common shares of FreshXtend Technologies Corp., representing approximately 5.34% of the issued and outstanding Common shares. The shares were purchased through a private transaction at a purchase price of Cdn. $0.04 per share.
As a result of the acquisition, Ludgate 181 will hold 3,912,761 Common shares of the Company representing 10.18% of the 38,435,258 issued and outstanding shares of the Company.
FreshXtend Technologies Corp.,
Roy Robinson, Director & Corporate Secretary
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.
Trading symbol: FXT (TSX-V)
Manual Listing S & P's Industrial & Int'l, 12g (3)b Exemption: #82-2190
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.
FreshXtend Technologies Corp.
Director & Corporate Secretary
(604) 322-0487 (FAX)