Item 8.01 Other Events
On September 27, 2012, Richard Hunter, Chief Executive Officer and Director of
Food Technology Services, Inc. (the "Company") sold 70,791 shares of Common
Stock of the Company owned by him to Fort Ashford Holdings, LLC ("Fort
Ashford"), a California private equity firm. Fort Ashford, at the time of
purchase owned 698,817 of the Company's outstanding shares. As a result of the
purchase, Fort Ashford now owns 769,608 shares representing 27.4% of the
Company's outstanding shares. The purchase price was $ 6.50 per share.
Mr. Frank Kananaugh and Mr. Gordon McGilton are managing directors of Fort
Ashford and share voting and dispositive control over the shares held by the
company. Messrs. Kavanaugh and McGilton disclaim beneficial ownership of such
shares.
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