Fact Corporation (OTC:FCTOA)

FACT Corporation predominantly operates in the functional food industry through its wholly-owned subsidiary, Food and Culinary Technology Group Inc., (“FACT Group”) developing, licensing and supplying turnkey functional bake mixes to customers who manufacture, distribute, and market bakery and pasta products to consumers through a variety of conventional and alternative channels including retail, food service and specialty markets. Presently the Company’s primary revenue stream is generated by FACT Group from the sale of these functional bake mixes in a wholesale format.  During the fall of 2010, the Company launched a new line of products for sale in a 1 lb format both direct to the consumer via the internet and for sale in retail grocery locations in North America under its brand Nutrition First™.   Presently FACT Group has secured in excess of 500 points of distribution for its new retail product line.

The Company previously had minimal operations through its wholly-owned subsidiary, Wall Street Real Estate Ltd., which generated revenues through the rental and sub-lease of office space in Calgary, Alberta. These leasing operations ceased in August 2010 when the head lease for the office space expired. Currently, Wall Street Real Estate Ltd. has no operations, however it holds title to a recreational vehicle which was purchased to be used by FACT Group in its promotional marketing activities in the fall of 2011.

During the month of August 2010, the Company reactivated its dormant subsidiary, FACT Products Inc., in order to undertake the development of a line of nutritional supplements to be initially marketed and sold into international markets either under our own name or packaged according to customer specifications. Sales to international customers under this division commenced in November 2010. Additionally, the Company intends to develop a line of products that are complementary to sales of our core line of mixes during fiscal 2011.