SCOTTSDALE, Arizona, December 4, 2013 /PRNewswire/ --
RiceBran Technologies (OTCQB: RIBTd), a global leader in the production and marketing of value added products derived from rice bran today announced an exclusive Distribution and Supply Agreement with Compson Trading Co. Ltd ("Compson"), a Taiwan based company specializing in the distribution of functional ingredients and nutritional supplements.
Under the terms of the Agreement, RiceBran Technologies will produce certain Stage II rice bran derivatives products for exclusive distribution by Compson into the nutritional supplement and functional food market in Taiwan and for non-exclusive distribution into certain neighboring geographies. The Stage II products covered by exclusivity for the Taiwan market are RBT's RiSolubles, RiFiber and RiBalance products.
Dr. Robert Smith, Senior Vice President of Sales and Business Development for RiceBran Technologies, commented, "We are pleased to announce our distributorship with Compson to expand the sales of our rice bran derivative products into the Taiwan market. Compson is a recognized leader in the supply and distribution of functional ingredients and nutritional supplements in Taiwan and neighboring geographies. By combining our best-of-breed technology with Compson's product development expertise and established distribution capabilities, we expect to generate increased in sales and profitability for both companies."
This release contains forward-looking statements, including, but not limited to, statements about RiceBran Technologies' expectations regarding sales of products into the Taiwan market. 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 ingredients 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.
Ascendant Partners, LLC
SOURCE RiceBran Technologies