VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2008) - Forbes Medi-Tech Inc. (TSX: FMI)(NASDAQ: FMTI) (“Forbes” or the “Company”) today announced that, as part of its continuing reorganization plan, it has completed the previously announced transaction with a private investor (the “Investor”) to reorganize Forbes Medi-Tech Operations Inc. (“FMTO”), a wholly owned subsidiary of Forbes.