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NutraCea Announces Third Quarter 2008 Financial Results
Date:11/7/2008

el subsidiary. SG&A expenses for our Irgovel subsidiary consist of marketing, selling, and administrative expenses.

Brad Edson, President and CEO of NutraCea stated, "We are moving ahead with our China facility and it is anticipated to be over seven times the size of our existing facility in Brazil. This project will incorporate state of the art technology and because of scale is anticipated to generate results that are more than seven times greater than what we are currently achieving in Brazil. This project is progressing and we hope to obtain all the necessary permits and approvals shortly and break ground in the first quarter of 2009.

The Company is closing in on being able to realize some of the benefits of the tremendous amount of effort it has applied towards stabilizing Wheat Bran. We are moving closer to realizing the benefits of these efforts and we believe we are about a year ahead of schedule of deploying this technology into the marketplace. This offers tremendous upside to the company without requiring a corresponding burden of capital. Additionally the Company is finalizing details to further extract incremental value from our Stabilized Rice Bran within the United States with certain initiatives that are now underway. Both of these items will be more fully discussed on the conference call.

"We are proud of the results achieved during the past year and our ability to expand our presence and produce healthy revenue gains. We have built a stronger, more balanced company, and given our global position and recently enhanced financial condition are nicely positioned to leverage the capacity that we have now built. We believe the Company is now close to an inflection point, where our capacity and the ability to utilize it should allow sufficient revenue to be able to be produced to move it into sustained profitability. We continue to proceed into the fourth quarter with expectations for increased top line growth, and continued improveme
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