Vystar(R) Corporation Provides Update on Strategic Direction in Both the Natural Rubber Latex Arena and Several Consumer Mark...
19 Marzo 2014 - 3:58PM
Marketwired
Vystar(R) Corporation Provides Update on Strategic Direction in
Both the Natural Rubber Latex Arena and Several Consumer Markets
Company Realigns Itself Based on Successes at the Consumer
Electronic Show (CES) and Medtrade's Spring Meeting With Direct
Consumer Sales Participation
ATLANTA, GA--(Marketwired - Mar 19, 2014) - Vystar® Corporation
(OTC Pink: VYST) (PINKSHEETS: VYST) ("Vystar" or the "Company"),
the exclusive creator of Vytex® Natural Rubber Latex (NRL), a
multi-patented, all-natural raw material that contains
significantly reduced levels of non-rubber particles and proteins
found in natural rubber latex, today announced a strategic focus on
its core technology and the formation of alliances to further the
advances made in the $40 billion dollar foam industry, expected to
grow by a 1.5 to 2 multiple within a few years. Vystar's patented
all natural NRL foam processes remove the non-rubber particles and
allergen-causing latex proteins to create a superior eco-friendly
Vytex NRL raw material. That raw material is then transformed by
its Guatemalan partner, Islatex, into foam that is whiter, lighter
weight and free of the off-gassing common among competitors' memory
foam products. Because Vytex NRL results in a more translucent and
cleaner latex following the removal of proteins and non-rubbers,
manufacturers' production costs are decreased by utilizing less
chemicals, water, and processing to remove proteins, and less dyes
and perfumes to cover up the yellow color and odor of non-Vytex
natural rubber latex.
Vystar's alliances have been formed to include mattress and
pillow producers in the United States, business development
strategists, and selected retailers that are prepping for the
arrival of foam pillow and mattress cores for showroom analysis,
market research and select early sales efforts. Through these broad
alliances, Vystar will offer a broad array of mattresses and
pillows to meet consumer needs across the board. The first shipping
container of foam which has been delivered to our wholesale
manufacturer exemplifies the flexibility of what foam made with
Vytex NRL will provide to our target audience in the global
marketplace.
William Doyle, President and CEO of Vystar® Corporation,
commented, "We have spent over ten years developing our Vytex NRL
raw material and have learned the marketplaces in which it has
specific benefits, and there are many of those. We have moved into
a targeted role in the North American foam industry as not only
have we identified specific large audiences for our Vytex foam but
we have courted key markets and retail stores ready to start
offering mattresses and pillows for their customers. Retail is an
early start but immediate sales efforts include varied avenues, and
product iterations, to meet the needs of the consumer. This is the
first time that Vystar will participate directly in end product
sales."
Doyle continued, "The strength of the Vystar patents, both
domestically where we have four (4) issued, but also
internationally, where we have five (5) issued, including Europe as
a key market for foam made with Vytex NRL, denotes that the
extensive research in which we have engaged, has been well
received. Additionally, we have been contacted by key processors of
Vytex's version of natural rubber latex and manufacturers of foam
products globally. Our customer base for Vytex NRL as a raw
material continues to grow as its effectiveness has been proved
over the recent years in many industries."
Vystar intends to provide regular public updates regarding the
implementation of its business plans as milestones are met and
profitability goals are achieved.
About Vystar Corporation Based in Duluth, GA, Vystar®
Corporation (OTC Pink: VYST) is the exclusive creator of Vytex
Natural Rubber Latex (Vytex NRL), a multi-patented, all-natural,
raw material that contains significantly reduced levels of the
proteins found in natural rubber latex and can be used in over
40,000 products. Vytex NRL is a 100% renewable resource,
environmentally safe, "green" and fully biodegradable. Vystar is
working with manufacturers across a broad range of consumer and
medical products to bring Vytex NRL to market in adhesives,
balloons, surgical and exam gloves, other medical devices and
natural rubber latex foam mattresses and pillows. Vystar's Kiron
Sleep Lab LLC acquisition provides an entry into the health and
wellness market. For more information, visit www.vytex.com.
Forward-looking Statements: Investors are cautioned that certain
statements contained in this document as well as some statements in
periodic press releases and some oral statements of VYST officials
are "Forward-Looking Statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Act").
Forward-looking statements include statements which are predictive
in nature, which depend upon or refer to future events or
conditions, which include words such as "believes," "anticipates,"
"intends," "plans," "expects," and similar expressions. In
addition, any statements concerning future financial performance
(including future revenues, earnings or growth rates), ongoing
business strategies or prospects, and possible future VYST actions,
which may be provided by management, are also forward-looking
statements as defined by the Act. Forward-looking statements
involve known and unknown risks, uncertainties, and other factors
which may cause the actual results, performance or achievements of
the Company to materially differ from any future results,
performance, or achievements expressed or implied by such
forward-looking statements and to vary significantly from reporting
period to reporting period. Although management believes that the
assumptions made and expectations reflected in the forward-looking
statements are reasonable, there is no assurance that the
underlying assumptions will, in fact, prove to be correct or that
actual future results will not be different from the expectations
expressed in this report. These statements are not guarantees of
future performance and VYST has no specific intention to update
these statements.
Vystar Corporation William Doyle President and CEO (866)
674-5238, x1
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