AndhraNews.net
Home » Business News » 2013 » June » June 24, 2013

RiceBran Technologies(TM) Announces 2013 Shareholders' Meeting Results


June 24, 2013 - SCOTTSDALE, AZ

RiceBran Technologies (OTCQB: RIBT), a global leader in the production and marketing of value added products derived from rice bran, today announced the results from its Annual Shareholders' Meeting held on June 18, 2013 in Scottsdale, AZ.

The slate of Directors recommended in the Proxy Statement filed with the SEC on April 30, 2013 was re-elected. In addition, shareholders approved all Proxy recommendations, including an increase in the number of authorized shares, authorization to pursue a reverse stock split on or before June 18, 2014 and a non-binding annual vote under SEC "say on pay" requirements.

RiceBran Technologies CEO & President W. John Short commented, "We appreciate the continued support of our shareholders as we work to complete the repositioning of our company. As explained in response to questions raised at our shareholder meeting, approval of the Proxy recommendations provides many of the elements necessary for improving our balance sheet and a possible up-listing to a senior stock exchange. Successful implementation of these restructuring options during the coming year has the potential to improve access to capital necessary to fund strategic opportunities in the US, Brazil and China."

For additional information, refer to the company's filings with the Securities and Exchange Commission.

Forward-Looking Statements
This release may contain forward-looking statements. 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.ricebrantech.com.

MarketWire

Comment on this story

Share