SACRAMENTO, City in
California, May 24, 2018 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT) (NASDAQ: RIBTW)
("RBT"), a global leader in the production and marketing of value
added products derived from rice bran, today announced that it will
relocate its corporate headquarters to 1330 Lake Robbins Drive,
Suite 250, The Woodlands, TX 77380
as of May 30, 2018.
This corporate relocation to The
Woodlands, located approximately 27 miles north of downtown
Houston, positions the Company's
main offices in closer proximity to Arkansas and Louisiana where the majority of rice bran
supply in the U.S. is produced. The
Woodlands is home to more than 1,900 companies, including
some of the country's largest corporations, and ranks as one of the
nation's fastest growing large cities. With a growing population
and extensive corporate campuses that employ over 58,000
professionals, The Woodlands
provides RBT with access to a highly skilled labor pool to support
future growth.
Dr. Robert Smith, CEO of RiceBran
Technologies, commented, "We look forward to calling The Woodlands the new home of our corporate
headquarters. The Woodlands will
position RBT much closer to the Delta, the major rice growing
region of the U.S., the main source of our rice bran supply, and
the biggest regional opportunity for our future growth. This will
provide greater access and efficiencies to our senior management
team as well as key people in operations and logistics, accounting
and finance, and customer service. The
Woodlands area of greater Houston has an exceptional labor pool that is
attracted to our business and industry, and we have already made
many hires here to staff our new office. We look forward to
building a growing presence in this region as RBT expands its
operations, revenues, and pushes towards profitability in order to
maximize value for the benefit of our shareholders."
About RiceBran Technologies
RiceBran Technologies is a specialty ingredient company
servicing the food, animal nutrition, and specialty ingredient
products markets. We utilize our proprietary and patented
intellectual property to convert rice bran, one of the world's most
underutilized food sources, into a number of highly nutritious and
clean label ingredient products. The global target markets for our
products include 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 growing its business and maximizing
shareholder value. 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