SCOTTSDALE, Arizona,
March 13, 2017 /PRNewswire/ --
RiceBran Technologies (NASDAQ:
RIBT; RIBTW) (the "Company" or "RBT"), a global leader in the
production and marketing of value added products derived from rice
bran, today announced the appointment of Brent Rystrom to the position of Chief Financial
Officer. Mr. Rystrom brings over 25 years of business finance
experience, including over 20 years of service as a Director of
Research and Senior Financial Analyst for several prominent
investment banking firms, including Piper Jaffray and Feltl &
Company.
Dr. Robert Smith, CEO of RiceBran
Technologies, stated, "We are pleased to welcome Brent to the
executive team at RiceBran Technologies as we continue to implement
our strategic plan to grow the business and maximize shareholder
value. Brent brings a solid financial management background
to our Company as well as strong ties with the Wall Street
community to help us effectively increase our market visibility.
His work as an analyst covering consumer products, retail and
agriculture companies from the micro to large cap level coupled
with his hands-on experience in managing agricultural assets, gives
him a unique understanding of how to apply financial discipline
through the various stages of corporate growth. I look
forward to his contribution in helping us to build lasting value
for our shareholders in the coming years."
Brent Rystrom stated, "I am eager
to take on the role of CFO here at RiceBran Technologies and become
a part of this exciting growth opportunity. In making the
decision to join RBT, I have come to understand the significant
value of our food technology and our highly nutritious proprietary
products designed to enable food companies to effectively meet the
growing consumer demand for non-GMO, organic, vegan and gluten free
product labeling. I also firmly believe that as our sales
team delivers new large scale opportunities, we can build a highly
profitable business that will command significant value in the
investment world by applying measured financial discipline and
prudent operational controls to our business. I intend to work
diligently, along with our whole team, to achieve strong financial
performance and greater exposure to the investment community in
order to increase the value of our Company for the benefit of its
stockholders."
Prior to joining RiceBran Technologies, Mr. Rystrom served as
Director of Research for Feltl & Company, a regional investment
banking firm headquartered in Minnesota. While at Feltl, he managed
the firm's research, institutional sales, and trading departments
in addition to providing research coverage on consumer products,
retail and agriculture companies ranging from micro to large
capitalization. Over his 11 years of service at Piper Jaffray he
was named a Wall Street Journal "Best on the Street" analyst and a
"Top 10" Retailing Industry Analyst from Reuter's. Since
1997, Mr. Rystrom has also successfully acquired and managed a
large portfolio of personal agricultural real estate assets, and
from 2011 through 2015, he served on the Customer Advisory Board of
AgStar, a $10 billion agricultural
bank based in Minnesota. Mr.
Rystrom holds a Degree in Business-Finance from St. Thomas University.
"On behalf of the Company, I want to thank Dale Belt for his many years of valuable service
as CFO of RBT," continued Smith. "Dale will be staying on with the
management team as an Executive Vice President through the
remainder of 2017, and we look forward to his continued
contribution as we build our Company for the future."
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 .
Forward-Looking Statements
This release contains forward-looking statements, including, but
not limited to, statements about RiceBran Technologies'
expectations related to our growth, financial performance and
value. 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
(732) 410-9810
fred@ascendantpartnersllc.com
SOURCE RiceBran Technologies