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."
Forward-Looking Statements
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.
Investor Contact:
Ascendant Partners, LLC
Fred Sommer
+(732)410-9810
fred@ascendantpartnersllc.com
SOURCE RiceBran Technologies