RiceBran Technologies (RIBT)

[wow_happens28]

NutraCea Meets Creditor Payment Obligations per Plan of Reorganization

If Z did not have to raise capital for this, Z is cash flow positive.

NutraCea (OTCQB: NTRZ) (PINKSHEETS: NTRZ), a global leader in the production and marketing of value added products derived from rice bran, today announced that payments totaling in excess of $5 million in principal plus interest have been made to Class 6 general unsecured creditors pursuant to the Company's obligations under the Amended Plan of Reorganization (the "Plan"). In accordance with provisions of the Plan, NutraCea has paid Class 6 creditors 75% of the total amount due on or before October 15, 2011.

W. John Short, Chief Executive Officer of NutraCea, commented, "We are pleased to have met the October 15th payment benchmark as required under the Amended Plan of Reorganization. This is another major step toward satisfying all of our creditor obligations under the Plan and freeing up our management team's time to focus on our longer-term strategic vision of building additional rice bran bio-refining facilities and increasing our market penetration for stabilized rice bran. We expect to satisfy our remaining $1.6 million creditor payment obligations under the Plan between now and the final payment date of January 15, 2012."

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