2007'09.18.Tue
NutraCea Receives Initial Purchase Order From Cosway Corporation, a Division of the Berjaya Group, for Stabilized Rice Bran Products
September 18, 2007
Stabilized Rice Bran Plus to be Launched by One Of the Largest Network Marketing Companies in the Region With Over 700,000 Independent Business Owners in Malaysia, Indonesia, Singapore, Thailand, Taiwan, and Hong Kong, Soon to Open in India, Japan, Korea and Australia. PHOENIX, Sept. 18 /Xinhua-PRNewswire/ -- NutraCea (OTC Bulletin Board: NTRZ), a leader in stabilized rice bran (SRB) nutrient research and technology, announced today they have received an opening purchase order from the Cosway Corporation, a wholly owned subsidiary of the Berjaya Group Berhad, a publicly-traded, multi-billion dollar conglomerate in South East Asia. "Cosway is a 27 year old network marketing company with over 700,000 active members. They will be introducing Stabilized Rice Bran Plus in October, 2007 and intend to develop and launch more products based on NutraCea's proprietary stabilized rice bran and value-added derivatives for the Southeast Asian market. They are gearing up to educate their vast network of distributors, which spans throughout many Southeast Asian countries, on the health benefits of stabilized rice bran," said Margie Adelman, Senior V.P. of Strategic Business Development for NutraCea. "Cosway's launch of the first product containing our proprietary stabilized rice bran demonstrates its belief in the market demand for great-tasting, healthy products and is in perfect alignment with their mission to bring innovative natural products to improve the health of millions of people through their network of independent business owners," added Adelman. "Cosway is committed to offering the world's finest whole food health products at prices everyone can afford. We are very excited about the launch of Stabilized Rice Bran Plus and we are launching a substantial campaign to support and educate our independent business owners on the health benefits of this miraculous food," said Al Chuah, Managing Director and Founder of Cosway Corp. "Forging this relationship with Cosway is part of our overall business plan to utilize NutraCea's stabilized rice bran in an area of the world where rice is an integral part of the diet and culture and the raw material is abundant. Growth in the demand for product in Southeast Asia through alliances with strong, healthy companies such as Cosway, will help validate the need for our local production through the recently announced joint venture with P.T. Panganmas. Once local production of the product is available, our Southeast Asian customers will benefit by not only saving on long distance shipping costs and ease of distribution throughout the area, but will have an increased supply from our Southeast Asian manufacturing facilities," said Leo Gingras, Chief Operating Officer for NutraCea. About Cosway Cosway Malaysia, is one of the top direct selling companies in the region. Since its establishment in 1979, Cosway Malaysia has achieved a stellar reputation and a remarkable record of success. It is a wholly owned subsidiary of Cosway Corporation Berhad. Cosway Corporation is listed on the Bursa Malaysia (the Malaysian stock exchange). Cosway Corporation is a subsidiary of Berjaya Group Berhad, a top conglomerate in Asia, which has companies and investments in several major. Berjaya Corporation Berhad is listed on the Bursa Malaysia. About eCosway eCosway was launched in October 2001 and awarded MSC status by the Malaysian government in November 2001 in recognition of its contribution to the development of information technology and ecommerce in Malaysia. eCosway gives suppliers, consumers and business owners mutual advantage by harnessing the convenience of the Internet and fueling it with the power of its unique business concept called Mutual Marketing(TM).. With its recent success expanding its offline operations into Taiwan and Indonesia, eCosway aims to reinforce its operations by opening more sales centers in those countries. eCosway also boasts offline operations in Singapore, Brunei, Taiwan, and Indonesia and they are setting up sale centers in Australia and India, with another 3 countries in the wings. About Berjaya Group Berjaya Group Berhad (KLSE: BJGROUP) is one of the most diversified conglomerates in Malaysia and is headed by Tan Sri Dato' Seri Vincent Tan Chee Yioun. Today, Berjaya Group is a major Malaysian conglomerate with annual revenue in excess of 1.46 Billion U.S.D and has over 24,500 employees. Berjaya means "success" in the Malay language and reflects the success and Malaysian character of the Group's traditional core businesses, which include companies like Starbucks, 7-11, Sports Toto and companies in various sectors such as: Financial Services, Consumer Marketing Direct Selling, Retailing, Vacation Time-Share Travel, Hotels & Resorts Development, Management Recreation Development, Property Investment & Development, Gaming & Lottery, Food & Beverage Establishments, Education, and Investment Holding Companies. For more information visit: http://www.berjaya.com.my/ http://www.cosway.com.my/ http://www.ecosway.com/ http://www.ecosway.biz/ About NutraCea NutraCea is a leader in stabilized rice bran nutrient research and dietary supplement development. Through its wholly owned subsidiary RiceX, the company manufacturers as well as distributes products and food ingredients made from Rice Bran through its proprietary technology and processes. The Company has developed intellectual properties 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 foods products, NutraCea develops families of health-promoting "nutraceuticals," including natural arthritic relief and cholesterol-lowering products. More information can be found in the company's filings with the SEC and you can visit the NutraCea web site http://www.NutraCea.com . Forward Looking Statements This release contains forward-looking statements, including, but not limited to, statements regarding the future introduction of products containing NutraCea ingredients, and the future supply of stabilized rice bran from production in Southeast Asia, both of which statements are subject to market risks, and the possibility that NutraCea will not be able to timely begin production in sufficient volume and quality for the market, or provide ingredients that meet customer expectations or at price points that satisfy market requirements, and risks that the products may not be successful. These statements are made based upon current expectations and actual results may differ from those projected due to a number of risks and uncertainties 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. For more information, please contact: Company Contact: Margie Adelman Senior V.P. NutraCea Tel: +1-602-522-3000 Email: madelman@nutracea.com Investor Relations Contact: Stephen D. Axelrod, CFA Wolfe Axelrod Weinberger Assoc, LLC Tel: +1-212-370-4500 Email: steve@wolfeaxelrod.com Media Relations Contact: Alisa D. Steinberg Wolfe Axelrod Weinberger Assoc, LLC Tel: +1-212-370-4500 Email: alisa@wolfeaxelrod.com CONTACT for Cosway Corp. International Director of Sales & Marketing Stephanie Davis Tel: 011-603-2164-6920 Mobile: 011-6016-296-7239 Email: stefdavis@ecosway.com
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