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Firan Technology Group ("FTG") Announces First Quarter 2013 Financial Results

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Additional information can be found at the Corporation's website www.ftgcorp.com.

FIRAN TECHNOLOGY GROUP CORPORATION

Interim Consolidated Balance Sheets

--------------------------------------------------------------------------------------------------------------------------------------------------------(unaudited)                                          March 1,  November 30,(in thousands of dollars)                                2013          2012--------------------------------------------------------------------------------------------------------------------------------------------------------ASSETSCurrent assetsCash                                             $        700  $      1,446Accounts receivable                                     9,416        10,276Taxes receivable                                          320           250Inventories                                             8,242         7,927Prepaid expenses                                          406           432----------------------------------------------------------------------------                                                       19,084        20,331Non-current assetsPlant and equipment, net                                5,954         5,608Goodwill                                                1,039         1,039Deferred income taxes                                   1,375         1,375Intangible and other assets                               258           244----------------------------------------------------------------------------Total assets                                     $     27,710  $     28,597--------------------------------------------------------------------------------------------------------------------------------------------------------LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilitiesBank indebtedness                                $        221  $        994Accounts payable and accrued liabilities                7,842         7,184Provisions                                                347           309Customer deposits, net of deferred development            125           843Current portion of long-term bank debt                    146            44----------------------------------------------------------------------------                                                        8,681         9,374Non-current liabilitiesLong-term bank debt                                       983           361Subordinated loan                                       3,686         3,613Government assistance                                   1,122         1,234----------------------------------------------------------------------------Total liabilities                                      14,472        14,582----------------------------------------------------------------------------Shareholders' equityDeficit                                          $     (9,795) $     (9,104)Accumulated other comprehensive loss                     (180)          (85)----------------------------------------------------------------------------                                                       (9,975)       (9,189)Share capital  Common shares                                        12,681        12,681  Preferred shares                                      2,218         2,218Contributed surplus                                     8,314         8,305----------------------------------------------------------------------------Total shareholders' equity                             13,238        14,015----------------------------------------------------------------------------Total liabilities and shareholders' equity       $     27,710  $     28,597--------------------------------------------------------------------------------------------------------------------------------------------------------

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