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Breaking News - RiceBran Technologies (NASDAQ: RIBT) - April 3, 2014

 


RiceBran Technologies Schedules Conference Call to Discuss Recent Events and Strategic Initiatives for 2014 and Beyond

 

Call to Take Place on April 23, 2014 at 4:15 EDT


SCOTTSDALE, Ariz. - April 3, 2014 – RiceBran Technologies (NASDAQ: RIBT) and (RIBTW) (the “Company” or “RBT”), a global leader in the production and marketing of value added products derived from rice bran, today announced that a shareholder conference call has been set for April 23, 2014 at 4:15 pm EDT.

The call will focus on tactical and strategic initiatives for 2014 and beyond. In addition, management will discuss 2013 full year results as compared to the financial guidance provided in its Form S-1A registration statement filed with the United States Securities and Exchange Commission (“SEC”) in December 2013.

The Company reported financial results for full year 2013 which can be found in its March 31, 2014 Form 10-K filing with the SEC. Consolidated net revenues and Adjusted EBITDA for the full year were consistent with previous financial guidance included in the Form S-1A filed in December 2013.

W. John Short, CEO & President of RiceBran Technologies commented, “We have reported our operating results for the year 2013 and are pleased that they are consistent with the financial guidance provided in the Form S-1A filed in December 2013. Based on subsequent events in 2014, including the acquisition of H&N Distribution on January 2, 2014 and the recently completed $4.9 million convertible debt raise, we now have a stronger business platform and believe we have adequate funding to deliver the improved performance for 2014 set out in our SEC filings and to support continued growth in 2015 and beyond.”

The Company will provide detailed conference call dial in information prior to the call. For additional information, please refer to the Form 10-K filed with the SEC on March 31, 2014.

Forward-Looking Statements

This release contains forward-looking statements, including, but not limited to, statements about RiceBran Technologies' expectations regarding its financial condition, projected financial performance and future growth. 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.

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 our filings with the SEC and by visiting our website at www.ricebrantech.com .

Investor Contact:
Ascendant Partners, LLC
Fred Sommer
+(732)410-9810
fred@ascendantpartnersllc.com


SOURCE: RiceBran Technologies




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