THE WOODLANDS, Texas, June 29, 2018 /PRNewswire/ --
RiceBran Technologies (NASDAQ:RIBT and RIBTW) ("RBT"), a global leader in the production and marketing of value added products derived from rice bran, today announced that that it has been added to the Russell Microcap® index as part of the Russell indexes annual reconstitution, which took effect after the US market closed on Friday, June 22nd .
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell, a leading global index provider, determines membership for its Russell U.S. Indexes primarily by objective, market-capitalization rankings and style attributes. Approximately $9 trillion in assets are benchmarked against Russell US Indexes.
"We are pleased to have been included in the Russell Microcap Index," said Brent Rystrom, COO and CFO of RiceBran Technologies. "The Russell US Indexes are some of the leading US equity benchmarks for institutional investors and are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Inclusion in the Russell Microcap Index will help to further increase our visibility in the financial marketplace and broaden our shareholder base as we continue to execute on our strategic plan focused on value creation for our stockholders."
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 .
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.
Ascendant Partners, LLC