PHOENIX, July 6, 2007 /PRNewswire-FirstCall via COMTEX/ -- NutraCea (NTRZ) , a world leader in rice bran technology, announced today that it has completed the second expansion at its value-added rice bran processing facility in Dillon, Montana. The project was completed according to schedule and within budget.
"This second expansion of the Dillon, Montana facility increases NutraCea's capacity to produce value-added fractions derived from stabilized rice bran from 1,800 to 2,700 tons annually. This additional capacity is required to meet the growing demand for these products," said Leo Gingras, Chief Operating Officer of NutraCea.
NutraCea is a world leader in stabilized rice bran technology. Through its wholly owned subsidiary RiceX, the Company manufactures as well as distributes products and food ingredients made from rice bran through its proprietary technology and processes. The Company has developed intellectual property to create a range of proprietary product formulations, delivery systems and whole food nutrition products. NutraCea's proprietary technology enables the creation of food and nutrition products from rice bran, normally a wasted by-product of standard rice processing. In addition to its whole food products, NutraCea develops product lines of health promoting "nutraceuticals," including natural arthritic relief and cholesterol- lowering formulas. More information can be found in the Company's filings with the SEC and you can visit the NutraCea web site at http://www.NutraCea.com.
Forward Looking Statements
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the ability of the increased production capacity to result in an increase in product production in the amounts anticipated, the ability of the Company to obtain increased sales sufficient to utilize such increased production capacity, and other matters specified in the Company's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. 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 the Company's filings with the Securities and Exchange Commission, including the company's most recent periodic report.