FACT Corporation is `Fortified'.

Business Editors

FREEHOLD, N.J.--(BUSINESS WIRE)--Jan. 31, 2003

FACT Corporation (OTCBB:FCTTA) announces new board appointments in keeping with its plan to position itself to capture a significant share of the multi-billion dollar functional food industry. FACT welcomes Dr. Brian Raines and Mr. Paul Litwack to the Board of Directors of FACT Corporation, and Mr. Mark Shapiro and Mr. Paul Litwack to the Board of Directors of its wholly owned subsidiary, Food and Culinary Technology Group Inc. ("FACT Group Inc.").

Company President, Jacqueline Danforth, says the appointments are very important to the development of the organization as they bring a mix of outstanding skills and experience to both the Boards of FACT Corporation and FACT Group Inc.

Dr. Raines, the Director of Science for FACT Group from November 2001 to December 2002, has spent over four decades in various scientific and technical roles in the food industry. For over eight years he served as Vice President of Technical Services for Unilever Canada/Lipton and from 1990 to 1980, Dr. Raines served as Director of Research and Quality Control for Unilever/Lawry's Foods, Los Angeles. Previously, he served in a number of technical management positions for such organizations as Mars and Berthelet & Leger. He holds a B.Sc. from Concordia, Montreal and a Ph.D from North Carolina State University and is a Fellow of the Canadian Institute of Food Science. Dr. Raines has accepted a position on the Board of Directors of FACT Corporation and will continue to provide scientific direction in his new capacity.

Mr. Litwack is a senior marketing executive who is Chairman and Chief Executive Officer of DA-TECH Corporation, an electronic manufacturing service company. Prior to joining DA-TECH, Mr. Litwack was CEO of Frankford Chocolate & Candy Company. He has held marketing and general management positions in other food organizations including Kraft General Foods and Northfield Foods. He holds a B.Sc. in Engineering from Brown University and an MBA from the Wharton School of Finance and Commerce. Mr. Litwack has accepted a position on the Boards of both FACT Corporation and subsidiary, FACT Group Inc.

Mr. Shapiro has over twenty-one years experience in the food business in various management capacities. He spent 18 years with The Quaker Oats Company rising to the rank of Senior Vice President, Corporate Strategy and Development. During this time at Quaker Oats, Mr. Shapiro was involved in a joint venture to create functional food products. He has served as both President of The Golden Grain Company and Quaker Oats of Canada. Mr. Shapiro earned a B.A. in Political Science, cum laude, from Union College and an MBA from the Kellogg School of Management, Northwestern University, where after he commenced his career in the food industry with General Mills Inc., in product management. Mr. Shapiro has accepted a position on the Board of Directors of FACT Group Inc.

FACT Corporation, through its wholly-owned subsidiary, FACT Group Inc., provides turnkey premix solutions under the trade name Healthy Lifestyle(TM) to the multi-billion dollar functional food industry in order to create products which can contribute significantly to millions of consumers achieving a healthier lifestyle.

DISCLAIMER

Forward-Looking Statements: This press release may contain certain forward-looking statements. All statements, other than statements of historical fact, included herein, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and FACT Corporation does not undertake an obligation to update forward-looking statements should conditions or management's estimates or opinions change.