SACRAMENTO, California,
January 8, 2018 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT and
RIBTW) (the "Company" or "RBT" or "we"), a global leader in the
production and marketing of value added products derived from rice
bran, announced today that the Company has appointed its Chief
Financial Officer (CFO), Brent
Rystrom, to the additional position of Chief Operating
Officer (COO).
Rystrom, who joined the Company as CFO in 2017, will assume the
additional role of overseeing the Company's operations effective
immediately.
"Brent has made significant contributions as CFO to RBT's
financial performance, in terms of delivering shareholder value
through debt reduction, strategic investment and divestiture of
non-core assets," said Robert Smith,
CEO of RiceBran Technologies. "With a talented team now in place to
support that position, including our recently appointed Chief
Accounting Officer, Brent is now able expand his focus as COO on
supporting the Company's growth initiatives as well as setting in
place best practices to ensure product reliability and service
consistency to our growing customer base."
Commenting on his appointment, Rystrom said: "We have made
significant strides over the past year to position the company for
success while building shareholder value and I now see even greater
opportunity to add value to our future by focusing on operational
excellence to support our growing food and animal nutrition
ingredients customer base. By achieving our goal of providing the
highest quality ingredient products on a consistent basis while
delivering outstanding customer service to our clients, we can
build a valuable business for our shareholders in the years to
come."
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
This release contains forward-looking statements, including, but
not limited to, statements about RiceBran Technologies'
expectations regarding the growth of its U.S.-based ingredients
business. 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
Richard Galterio
+1(732)410-9810
rich@ascendantpartnersllc.com
SOURCE RiceBran Technologies