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JUDGE DISMISSES ALL CLAIMS AGAINST RICETEC
Source: RiceTec Inc.news release

A judge in Greene County (Ark.) Circuit Court has dismissed all counterclaims against Houston-based RiceTec Inc., the world's leading developer of hybrid rice seed.

The judge also ruled that the claimant, Scott Meredith, an Arkansas rice grower, must pay his outstanding debt, plus interest, attorney fees and court costs, to RiceTec for seed he purchased from RiceTec in 2009, and an order to that effect is expected shortly

"As families across the country sit down together this week to celebrate a uniquely American holiday, RiceTec is thankful for the productive and successful relationships we've enjoyed with farmers across the Southern Rice Belt," said John Nelsen, RiceTec president. "Fall is the time to plan the crop for the next season, and we are working alongside growers to help them plan and cultivate a successful rice crop next year."

Over the past five years, RiceTec has invested more than $75 million in research, product development and customer support to ensure that American rice farmers have viable product choices to grow and that domestic and international consumers have a sustainable supply of rice for their tables.

In the next five years, Nelsen said that RiceTec plans to invest another $130 million to develop even more advanced rice seed products.

"RiceTec has set the standard for lowering the carbon footprint for rice production while developing higher-yielding, more disease-tolerant, top-quality hybrid rice plant that has proven itself on the American farm, and we will continue to do so," he said.

About RiceTec Inc.

Headquartered in Houston, Texas, RiceTec Inc. has been developing hybrid rice seed since 1988, offering the first commercial hybrid rice seed product in 1999. RiceTec was founded on the premise that modern, technology-based breeding techniques - combined with a broad, diverse germplasm collection - allow for efficient development and economical production of superior hybrid seed products, as well as specialty rice for consumer markets. This attention to superior products and quality management practices enabled RiceTec to attain ISO 9001:2008 certification in 2010.

RiceTec has research centers in Harrisburg, Ark., and at off-season locations in Puerto Rico, which allows the company to grow and test rice year-round. RiceTec is the only rice seed company with a technical service team on call throughout the growing season to answer questions and make recommendations to help growers maximize the performance of their hybrid rice crops.


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