FODX is partnering with first rate firms. Everything is going in the right direction, we are early and our patience will be rewarded.
Food Extrusion, Inc. Forms Strategic Alliance With DuCoa L.P.
EL DORADO HILLS, Calif., Feb. 25 /PRNewswire/ -- Food Extrusion, Inc. (OTC: FODX) announced today that it has formed a strategic alliance with DuCoa L.P. to introduce and market its RiceX(TM) Stabilized Rice Bran and RiceX Ricelin(TM) products to the pet food and swine industry markets. Under the agreement, DuCoa L.P. will dedicate technical and sales resources to the formulation and development of FoodEx's products as ingredients in the pet food and swine industry markets. The U.S. market for ingredients and additives in animal feed for these industry segments is estimated to be $11.8 billion annually.
DuCoa L.P. is recognized as a leader in the animal health and nutrition industry specializing in the livestock and pet food markets. Currently they market throughout the U.S. as well as 50 international countries. Dean Barker, President of DuCoa Nutrition and Blending Group commented, "We believe in the value of FoodEx's products and are committed to developing and growing these products into the pet food and swine feed markets." Daniel T. Rose, President of DuCoa L.P. added, "Adding RiceX(TM) to our existing line of products and services allows us to offer our customers an even broader range of value added products."
Allen J. Simon, FoodEx's CEO said, "DuCoa L.P. has a worldwide reputation for its technology and distribution expertise in this target market. We believe they are ideally suited for making our nutrient-dense stabilized rice bran products a staple ingredient of the pet food and swine feed industries. Our strategy has been to align ourselves with strong partners who can help us penetrate our various target markets and DuCoa L.P. is an excellent addition to our growing list of alliances."
Food Extrusion, Inc. has developed exclusive technology to stabilize rice bran and manufacture unique rice bran based nutraceuticals, functional food ingredients and performance feed supplements. |
