NEPTUNE, N.J., Sep 24, 2008 (BUSINESS WIRE) -- FACT Corporation (OTCBB:FCTOA),
a specialty provider of multi-functional ingredients to the North
American baked-goods industry, today announced a shareholder update with
respect to current corporate activities as well as anticipated events
for the balance of 2008 and into early 2009.

FACT CEO Jacqueline Danforth stated, "Although
we've been quiet on the news front for an
extended period, it's been a busy time at FACT
this past summer. Along with ongoing product optimization efforts, we
have been working diligently on new product lines for introduction to
our commercial clients before year-end 2008."

"Product lines presently under development
include improved commercial mixes for shelf--stable,
reduced-sugar/high-fiber baked goods, such as muffins and cookies, as
well as pancakes, waffles and scones. We're
also unveiling exciting new flavor profiles for certain of our current
product lines, and we expect to see some of these new items on the
market before the end of the year."

"As to our program for fiscal 2009, we have
some very exciting announcements planned for the coming weeks."
Danforth added. "The groundwork has been laid
this summer for an entirely new category of products for launch during
fiscal 2009 under the FACT banner, and I look forward to introducing
these items in more detail before the close of fiscal 2008. I am
extremely enthusiastic about this new market opportunity, the new faces
we expect to add to our management team, and most importantly, FACT's
ability to provide products that support a healthy lifestyle to an
important new market channel."

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 specifically for the North American baked-goods
industry. Our core products are proprietary specialty bake mixes, which
we sell to commercial producers who use large quantities of our 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.

For more information about FACT and its products, industry trends and
functional foods, please visit www.factfoods.com.

SOURCE: FACT Corporation

For FACT Corporation: 
Jacqueline Danforth, 888-211-7181, ext 8004

Copyright Business Wire 2008