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03/18/2010
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Nutracea Announces Sale Of Natural Glo, Satin Finish, And Max-E-Glo Brands And Trademarks
PHOENIX, AZ, March 18, 2010 —NutraCea (NTRZ), a world leader in stabilized rice bran (SRB) nutrient research and technology, today announced that on March 16, 2010, the Company signed an asset purchase agreement to sell the rights to NutraCea's Natural Glo, Satin Finish, and Max-E-Glo equine brands and trademarks, the goodwill and all other intellectual property associated with the trademarks to Manna Pro Products, LLC (Manna Pro) for approximately $650,000. NutraCea will also sell to Manna Pro certain bags, packaging materials and bagged inventory at NutraCea's cost. NutraCea has agreed not to sell equine positioned stabilized rice bran products to certain specified customers that have previously purchased SRB under the trademarks being purchased by Manna Pro.
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03/11/2010
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Nutracea Completes Sale Of Non-Core Cereal Ingredients Business
PHOENIX, AZ, March 11, 2010 —NutraCea (NTRZ), a world leader in stabilized rice bran (SRB) nutrient research and technology, today announced that it completed the previously announced sale of NutraCea’s existing cereal ingredients business and certain related equipment to Kerry Inc. ("Kerry"), a global food ingredients company on March 9, 2010 for $3.9 million. In addition, NutraCea received $272,000 for inventory related to its cereal ingredients business. A finder's fee in the amount of $200,000 was paid from the purchase price.
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03/03/2010
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NutraCea Announces Promotion Of Leo G. Gingras To President
William J. Cadigan Elected Chief Financial Officer
Kody Newland Signs New Employment Contract
PHOENIX, AZ, March 3rd, 2010 —NutraCea (NTRZ), a world leader in stabilized rice bran (SRB) nutrient research and technology, today announced that the Company’s Board of Directors promoted Leo G. Gingras to President on February 25, 2010. Gingras will retain his title of Chief Operating Officer.
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02/16/2010
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Nutracea Announces Sale Of Non-Core Cereal Ingredients Business
PHOENIX, AZ, Ferbuary 16, 2010 —NutraCea (NTRZ), a world leader in stabilized rice bran (SRB) nutrient research and technology, today announced that it has signed an asset purchase agreement to sell NutraCea's existing cereal ingredients business and certain related equipment to Kerry, Inc. ("Kerry"), a global food ingredients company in a transaction valued at approximately $3.9 million plus the actual cost of NutraCea's inventory related to its cereal ingredients business. The assets to be sold include certain equipment located in NutraCea's Phoenix plant as well as related customer and supplier lists and purchase orders related to the cereal ingredients business. Neither the Phoenix plant nor any of the manufacturing assets located in the Company's Dillon, Montana facility are included in the transaction.
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