RiceBran Technologies Announces Multi-Year Preferred Supplier Agreement with Global Direct Marketing Company Agreement represents continued momentum in NFF business
SCOTTSDALE, Arizona, November 15, 2013 /PRNewswire/ --
RiceBran Technologies (OTCQB: RIBT), a global leader in the production and marketing of value added products derived from rice bran, today announced that it has entered into a multi-year preferred supplier agreement to sell one of its proprietary Stage II products to a major US-based direct marketing company that promotes and sells nutritional and skin care products globally.
W. John Short, CEO & President of RiceBran Technologies commented, "The single ingredient covered by this agreement is produced in our Dillon, Montana plant using our patented processes. While this agreement is just a small first step with a large, global direct marketing company, it puts RiceBran Technologies on the approved vendor list and could help facilitate future sales of our other rice bran and rice bran derivative products."
Short continued, "Our Stage II rice bran derivative products continue to gain traction in the nutraceutical and functional food (NFF) markets. This positive customer response speaks directly to the quality and functionality of our hypoallergenic, gluten free, non-genetically modified, natural and minimally processed proprietary ingredients. We believe we are particularly well positioned to continue to gain market share in the healthy and natural food ingredient, nutritional supplement and functional food categories."
This release contains forward-looking statements, including, but not limited to, statements about RiceBran Technologies' expectations regarding facilitating future sales growth of the company's products, gaining traction in the nutraceutical and functional food markets and the company's ability to gain market share in the healthy and natural food ingredient, nutritional supplement and functional food categories. These statements are made based upon current expectations that are subject to known and unknown risks and uncertainties. RiceBran Technologies does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in RiceBran Technologies' filings with the Securities and Exchange Commission, including its most recent periodic reports.
About RiceBran Technologies
RiceBran Technologies is a human food ingredient and animal nutrition company focused on the procurement, bio-refining and marketing of numerous products derived from rice bran. RiceBran Technologies has proprietary and patented intellectual property that allows us to convert rice bran, one of the world's most underutilized food sources, into a number of highly nutritious human food ingredient and animal nutrition products. Our target markets are human food ingredient and animal nutrition manufacturers and retailers, as well as natural food, functional food and nutraceutical supplement manufacturers and retailers, both domestically and internationally. More information can be found in the Company's filings with the SEC and by visiting our website at http://www.ricebrantech.com.
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SOURCE RiceBran Technologies