SCOTTSDALE, Arizona, December 2, 2015 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT and RIBTW) (the "Company" or "RBT"), a global leader in the production and marketing of value added products derived from rice bran, today announced that the Company's proprietary and patented rice bran ingredients have been included in the formulation of two new product lines launched in Korea by two multi-national consumer packaged goods companies focused on all natural food products and nutritional and functional foods.
The first product line is a powder nutritional drink that delivers fiber, protein, probiotics and balanced nutrition and includes rice bran as an "ancient grains" ingredient. The product is being sold to health food stores and grocery stores throughout Korea in single serving sachets, packed 40 sachets to each box. Companies throughout the world are building new formulas and product concepts around the "ancient grains" category of ingredients and this marks the first customer to include RBT's proprietary rice bran raw materials as part of an "ancient grains" formulation.
The second product line launched in Korea is a healthy cleanse product that features a smoothie detox formula, which includes pumpkin puree, apple puree, and carrot juice concentrate with one of RiceBran Technologies' proprietary ingredients included in the formula. It sells in the refrigerated section of Korean grocery stores.
Mark McKnight, SVP of Sales and Marketing at RBT, commented: "We are excited about these two new product launches in Korea. We are particularly pleased to have our proprietary ingredients included as part of the 'ancient grains' product category. As you know, the cultivation of rice dates back over 10,000 years. So our proprietary and patented products are made from the most ancient of the 'ancient grains'."
McKnight continued, "In addition, our proprietary and patented rice bran ingredients and derivatives are among the healthiest and most nutrient dense food sources on the planet. They are non-GMO, natural, minimally processed, gluten-soy-nut-and-dairy free, vegetarian and vegan. They are a perfect choice for manufacturers of healthy and natural food products throughout the world launching new products in this category. We are seeing strong interest in this product category both domestically and internationally. Our sales team is currently working with five different customers that are developing 'ancient grains' products using our proprietary and process patented rice bran ingredients. We look forward to expanding our presence in Asia as well as in 'ancient grains' products in the quarters and years to come."
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 ingredients and animal nutrition manufacturers and retailers, as well as natural food, functional food and nutritional 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.
This release contains forward-looking statements, including, but not limited to, statements about RiceBran Technologies' expectations regarding recovery of funds from an escrow account related to the 2008 purchase of Irgovel. 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 this press release and in RiceBran Technologies' filings with the Securities and Exchange Commission, including its most recent periodic reports.
Investor Contact: Ascendant Partners, LLC Fred Sommer +1-732-410-9810 firstname.lastname@example.org
SOURCE RiceBran Technologies