AndhraNews.net
Home » Business News » 2012 » December » December 17, 2012

RiceBran Technologies and Prozyn BioSolutions Announce Distribution Agreement for South America


December 17, 2012 - SCOTTSDALE, AZ

RiceBran Technologies (OTCQB: RIBT), a global leader in the production and marketing of value added products derived from rice bran, and Prozyn BioSolutions, a company based in Sao Paulo, Brazil ("Prozyn") specializing in the development of technical applications and sale of value added ingredients to the human food ingredient, nutritional supplement and pharmaceutical industries, today announced a non-exclusive distribution agreement.

Under the terms of the Distribution and Supply Agreement entered into on December 11, 2012, RiceBran Technologies will produce stabilized rice bran (SRB) and rice bran derivatives for non-exclusive distribution by Prozyn under the RiceBran Technologies brand into the human food ingredient market in South America.

In addition, RiceBran Technologies and Prozyn will cooperate to develop new technical applications and sales for other rice bran-based products. Under the terms of the agreement, Prozyn may also develop novel value-added formulations using RiceBran Technologies ingredients for distribution and sale under the Prozyn brand with provisions for co-branding with the RiceBran Technologies logo.

W. John Short, Chief Executive Officer of RiceBran Technologies, commented, "We are very pleased to announce our alliance with Prozyn to expand the sales and applications of our best-in market stabilized rice bran and rice bran derivative products in the South American market. Prozyn is a recognized leader in the development and marketing of value-added ingredients into diverse food sectors. By combining our best-of-breed technology with Prozyn's technical applications, product development expertise, and established distribution capabilities, we expect to achieve significant increases in sales and profitability for both companies."

Jadyr Oliveira, Founder and Managing Director of Prozyn, stated, "We are excited to begin distributing RiceBran Technologies' products in South America. We have observed the benefits of incorporating RiceBran Technologies' rice bran products into various food applications including baked goods and meat products. We see excellent opportunities to combine our state-of-the-art food application solutions with RiceBran Technologies' ingredients to develop new and value-added products for the food industry."

Forward-Looking Statements
This release may contain forward-looking statements, including, but not limited to statements regarding RiceBran Technologies' expectation of increases in sales and profitability. These statements are made based upon current expectations that are subject to known and unknown risks and uncertainties. The Company 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 the Company's 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. Rice Bran 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 www.ricebrantechnologies.com.

About Prozyn BioSolutions
Prozyn BioSolutions is a Brazilian private company dedicated to creating innovative bio-ingredient solutions for food and biofuels. The company has a strong background in enzyme technology and is diversifying its portfolio with other bio-ingredients including proteins, fibers, natural emulsifiers, and antimicrobials, among others. Prozyn has a leadership position in Brazil and Latin America serving the premier food and biofuels companies.
Prozyn is committed to creating healthier foods and cleaner energy utilizing sustainable technologies.

MarketWire

Comment on this story

Share