Food Technology Service, Inc. Reports Earnings

Business Wire, August 11, 2008

MULBERRY, Fla. -- Food Technology Service, Inc., (Nasdaq:VIFL) today announced results for the second quarter of 2008 and for the first half of 2008. The Company had record revenues of $623,061 during the second quarter of 2008 compared to revenues of $537,643 for the same period in 2007. This is an increase of 15.9 percent. The Company had net income during the second quarter of 2008 of $129,773 compared to net income of $17,719 during the second quarter of 2007. This is an increase of about 632 percent.

For the first half of 2008, the Company had record revenues of $1,181,930 and net income of $206,327. Revenues during the first half of 2007 were $1,018,160 and the Company had net income of $82,521. Revenues increased by about 16 percent and net income increased by about 150 percent in the first half of 2008 compared to the same period in 2007.

Food Technology Service, Inc. CEO Dr. Richard Hunter said, "I am pleased with our growth in revenue and income during this year. Customer demand for medical sterilization continues to grow and there is increasing interest in food irradiation. The Company remains well-positioned to take advantage of that interest as food producers recognize the food-safety benefits of irradiation."

Food Technology Service, Inc. provides irradiation services for medical products, food items and consumer goods to enhance the safety of those products. The company is certified to ISO 13485:2003 standards for the provision of radiation sterilization services for medical devices.

Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risk and uncertainties that may affect business and prospects and cause actual results to differ materially from these forward-looking statements.