The RiceX(TM) Company (OTCBB:RICX) announced yesterday that it has completed an international sales agreement with Prodesa Productos Estabilizados S.A. (Prodesa) to sell its nutrient dense ingredient, RiceX(TM) Solubles to the government of Honduras.

Prodesa, a Central American market development organization, will import RiceX(TM) Solubles into Honduras for use in a Government sponsored, nutrition enhancement program. The RiceX Solubles will be used as the major nutrient ingredient in a series of high nutrition drinks supplied to Honduran school children. The Honduran sales agreement was developed in collaboration with Intermark Partners Strategic Management LLC.

The nutrition drinks will be distributed by the Christian Children's Fund, which operates in over 30 countries worldwide in collaboration with local governments to enhance the caloric and dietary needs of school age children.

This program follows the RiceX Company's current strategic plan for developing markets in at least five separate emerging countries for its nutritionally dense ingredients over the next several months. The Company remains confident that this contract and the subsequent awareness created by it will accelerate further international interest for RiceX products.

Ike Lynch, Vice President of Operations and International Business Development of The RiceX Company, commented, "We are very pleased to have completed the sales agreement with Honduras. The sales agreement advances our strategic plan for developing international markets and expands our current distribution in Central America to both Guatemala and Honduras. Prodesa has developed an extremely effective product delivery system for our all-natural, highly nutritious RiceX(TM) ingredients. We are especially honored that the Prodesa contract is guaranteed with Foreign Agricultural Service (FAS) backing in both Guatemala and Honduras."

Mr. McPeak, Jr., VP Marketing and General Manager of RiceX, continued, "RiceX was founded on the premise that stabilized rice bran could play a dominate role in helping to relieve world hunger and nutrition problems. Our Stabilization and processing technology is the cornerstone, capturing a highly nutritious food source which otherwise is being wasted worldwide. The Central American program positions RiceX on the leading edge of supplying an all natural, nutritionally dense ingredients to the international marketplace."

The RiceX(TM) Company manufactures and distributes nutritionally dense foods and food ingredients made from its stabilized rice bran that add significant nutritional benefits to food and consumer products. The company believes it is the only company in the world that can deliver all natural, nutritionally dense stabilized rice bran products with the shelf life and nutritional profile demanded by most commercial users.

SOURCE: THE RICEX(TM) COMPANY

'Safe harbor' statements under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of the competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.