VANCOUVER, BRITISH COLUMBIA--(Marketwire - January 23, 2008) - Forbes Medi-Tech Inc. (TSX: FMI)(NASDAQ: FMTI) today announced that it has requested a hearing with a Nasdaq Listings Qualifications Panel to discuss the Company's listing status pursuant to Marketplace Rule 4805. As announced on December 20, 2007 and January 14, 2008, the Company is in the process of a corporate reorganization designed to allow the Company to regain compliance with Nasdaq's US$1 minimum bid requirement. The expected Nasdaq Staff Determination letter notifying the Company of its not having met the requirement by the specified date of January 18, 2008, and of the Company's current right to request a hearing, has now been received.
