SACRAMENTO, California,
May 15, 2017 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT) (NASDAQ: RIBTW)
("RBT" or "Company"), a global leader in the production and
marketing of value added products derived from rice bran, announced
today that it has renewed an agreement to supply certain of its
proprietary value added ingredients to Zurvita Inc. ("Zurvita"), a
leading provider of products that support healthy lifestyles for
people of all ages. In addition, RBT and Zurvita entered into a
separate agreement whereby RBT's wholly-owned subsidiary Healthy
Natural, will produce Zurvita's finished healthy lifestyle products
exclusively for Zurvita.
Under terms of both agreements, RBT will supply Zurvita with
certain proprietary ingredients and RBT's Healthy Natural
subsidiary will manufacture Zurvita branded products for 3-year
terms. The agreements will be renewed automatically, absent
any termination notices, for two additional consecutive 3-year
terms following completion of the initial term.
Robert Smith, PhD, CEO &
President of RiceBran Technologies commented, "We are excited to
renew our supply of certain proprietary value added ingredients
with Zurvita. We began supplying Zurvita directly with our value
added ingredients in October of 2013 and have since expanded our
production capacity to keep pace with Zurvita's increased demand.
This speaks favorably to the benefits our proprietary
ingredients bring to the health and wellness marketplace, the
strong growth at Zurvita, and to the strong business relationship
that has developed between our companies. I am also excited that
Healthy Natural has entered into a long-term manufacturing
agreement to produce Zurvita branded products. We look
forward to servicing Zurvita's needs well into the future."
Mark Jarvis, CEO of Zurvita
commented "We are excited that by renewing this agreement with RBT
and Healthy Natural that Zurvita's future regarding the sales
growth of its proprietary formulation of Zeal is secure. We
are excited about our continued relationship with RiceBran
Technologies and the expertise they bring in the manufacturing of
our products. We look forward to working with RiceBran
Technologies and are confident we will continue the excellent
relationship we've developed during both companies growth.
About RiceBran Technologies
RiceBran Technologies is a food, animal nutrition, and specialty
ingredient 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
food, animal nutrition and specialty ingredient products. Our
global target markets are food and animal nutrition manufacturers
and retailers, as well as specialty food, functional food and
nutritional supplement manufacturers and retailers. 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-portion of
additional disclosure
This release contains forward-looking statements, including, but
not limited to, statements about RiceBran Technologies'
expectations regarding its products, manufacturing, and its
continuing relationship with Zurvita. 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.
Investor Contact:
Ascendant Partners, LLC
Fred Sommer
+(732)410-9810
fred@ascendantpartnersllc.com
SOURCE RiceBran Technologies