RiceX Enters Distribution Agreement with Kreglinger Europe; Agreement Marks RiceX's First Formal Entry into the European Market.Business Editors EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. HILLS, Calif.--(BUSINESS WIRE)--Dec. 18, 2002 The RiceX Company, a leading manufacturer of highly nutritious nutritious /nu·tri·tious/ (noo-trish´us) affording nourishment. nu·tri·tious adj. Providing nourishment; nourishing. nutritious affording nourishment. rice bran-based functional food ingredients, today announced a new distribution agreement with Belgium-based trading and transportation company Kreglinger Europe. "We are very excited about our relationship with Kreglinger as this is the platform from which we will build our entree into the European market," said Daniel McPeak, Jr., senior vice president and general manager for RiceX. "Our products are all-natural, grain-based and not chemically or genetically modified genetically modified Adjective (of an organism) having DNA which has been altered for the purpose of improvement or correction of defects genetically modified genetic adj [food etc] → , exactly the kind of premium ingredients European consumers have been requesting." Under the terms of the agreement, Kreglinger has exclusive distribution rights in the human nutrition and food markets for RiceX Stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. Rice Bran bran, outer coat of a cereal grain—e.g., wheat, rye, and corn—mechanically removed from commercial flour and meal by bolting or sifting. Wheat bran is extensively used as feed for farm animals. products in Belgium, the Netherlands, Luxembourg and the United Kingdom, and non-exclusive rights throughout the rest of Europe. Headquartered in Antwerp, Belgium and founded in 1797, Kreglinger is one of the world's oldest trading companies. "We have been very successful with specialty food ingredients and rice-based products in Europe," said Wim Arnouts, managing director of Kreglinger Europe. "RiceX's Stabilized Rice Bran ingredients represent an exciting line extension that we believe will meet a growing demand among our customers." About Kreglinger Europe Kreglinger Europe, fully owned subsidiary of G & C Kreglinger est. 1797 and holding No. 001 in the Register of the Chamber of Commerce in Antwerp, is a diversified trader and distributor in tropical produce (coffee, rubber, cocoa), wine and specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. and foods ingredients, mainly active in the Benelux countries, France and the U.K., with its owned integrated forwarding and logistics company, named Kregspedi. Distributing products for Danisco, Firmenich, Remy, New Foods, CNI (1) (Certified NetWare Instructor) See Novell certification. (2) (Coalition for Networked Information, Washington, DC, www.cni.org) A partnership of the Association of Research Libraries, CAUSE and EDUCOM, founded in 1990. , and catering to companies like Danone, Nestle, Zeelandia, Lamy Lutti, Chuppa Chups, Yamanouchi, Kreglinger has a fine reputation for service and customer support. Kreglinger Europe is a privately owned business. For more information, please check on www.kreglinger.com (under construction). About the RiceX Company RiceX manufactures highly nutritious functional food ingredients derived from rice bran. Using proprietary technology, RiceX stabilizes rice bran while preserving its all-natural nutrients, enabling the company to offer some of the most nutritious functional food ingredients on the market today. RiceX is the only company producing stabilized rice bran products with the nutritional profile required by most commercial users and a guaranteed one-year shelf life. A public company, RiceX is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). under RICX. More information about the company can be found on the Internet at www.ricex.com. 'Safe harbor' statements under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of the competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
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