FACT Corporation to Host Teleconference with Simultaneous Webcast; CEO will discuss 2003 accomplishments and 2004 objectives.

Business Editors

FREEHOLD, N.J.--(BUSINESS WIRE)--Jan. 23, 2004

FACT Corporation (OTCBB:FCTOA), an independent developer and marketer of premium functional food products, today announced that a telephone conference to discuss the Company's 2003 achievements and its plans for 2004 will be held at 2:00 p.m. EST  on February 5, 2004. Jacqueline Danforth, FACT's president and CEO, will host the call.

To listen and participate in the call dial 1-877-780-2276 (North America) or 1-973-582-2757 (International) and ask the operator for the FACT conference call. To listen to the call simultaneously via the web, visit www.factfoods.com and click on the link http://viavid.net/dce.aspx?sid=0000194C. The call will be available for replay for 14 days following the teleconference by dialing 1-877-519-4471 (North America) or 1-973-341-3080 (International) and entering pin code 4458775. The webcast will also be available for 30 days following the teleconference on the Company's website.

To hear the January 21, 2004 Wall Street Reporter interview with Ms. Danforth during the next 5 days please visit the following link: http://www.wallstreetreporter.com/profiles/FactCorporation.html.

For more information about FACT products, contact the Company at [phone] or via e-mail at [e-mail].

About FACT Corporation

Headquartered in Freehold, New Jersey, FACT Corporation develops, licenses and sells proprietary functional premixes, formulations and ready-to-eat products through Food & Culinary Technology Group Inc., a wholly-owned subsidiary. The FACT companies serve clients who manufacture, distribute and market functional food products through a variety of conventional and alternative distribution channels, including branded and private-label retail opportunities, as well as food-service and specialty markets.