NutraCea and RiceX Complete Merger
10/05/2005

NutraCea and RiceX Complete Merger Company Closes $7,850,000 Million Capital Raise

EL DORADO HILLS, Calif., Oct. 5 /PRNewswire-FirstCall/ -- NutraCea (OTC Bulletin Board: NTRZ - News) and the RiceX Company (OTC Bulletin Board: RICX - News) today announced the completion of their merger transaction following approvals by both companies' stockholders and directors. The transaction was finalized on October 4, 2005. As a result of the merger, each share of RiceX stock was converted into the right to receive approximately .76 shares of NutraCea stock, and RiceX shares will no longer be publicly traded.

As part of the merger process, NutraCea raised additional capital in the amount of $7,850,000 less certain expenses, which will be utilized in part to repay an outstanding credit facility of $2,400,000, plus accrued interest. This financing allows NutraCea to proceed with a debt free balance sheet and millions of dollars of new working capital. The complete terms of the financing are disclosed in a separate filing and can be accessed with NutraCea's and RiceX's reports filed with the SEC.

In addition, as part of the merger process, Patty McPeak resigned as the Chief Executive Officer of NutraCea, but will continue as an employee and director of NutraCea. Brad Edson was appointed as the new Chief Executive Officer. In addition, the appointed officers of the combined company agreed to a restriction on any sale of their shares until December 31, 2007.

It is the anticipated by management that the merged companies will provide a platform for new growth opportunities, both domestically and internationally. Additionally, the combination of intellectual property portfolios should allow for greater protection of the combined company's proprietary stabilization technology, and patented value added processing methods. NutraCea looks forward to deploying their technology in rice producing nations and providing its products to customers both domestically and internationally.

About NutraCea NutraCea is a leader in stabilized rice bran nutrient research and dietary supplement development. The Company has developed intellectual property to create a range of proprietary product formulations, delivery systems and whole food nutrition products. NutraCea's proprietary technology enables the creation of food and nutrition products from rice bran, normally a waste by- product of standard rice processing. In addition to its whole foods products, NutraCea develops families of health-promoting "nutraceuticals," including natural arthritic relief and cholesterol-lowering products, and all-natural "cosmeceutical" beauty aids. More information can be found in the company's filings with the SEC and you can visit the NutraCea web site http://www.NutraCea.com. About RiceX The RiceX Company manufactures and distributes nutritionally dense foods and food ingredients made from rice bran stabilized thought the company's proprietary technology and processes. RiceX 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. Forward Looking Statements This release contains forward-looking statements, including statements regarding the expected results of the merger and the anticipated opportunities for the merged companies. These forward-looking statements involve known and unknown risks and uncertainties and other factors that may cause our actual results to differ materially from results expressed or implied by this press release. Additional information concerning our respective risk factors is contained in the Risk Factors sections of NutraCea's and RiceX's reports filed with the SEC, including the definitive joint proxy statement filed by NutraCea and RiceX in connection with the merger. Company Contact: Margie Adelman Senior V.P. NutraCea 916-933-7000 Ext. 646 916-220-3500 cell Investor Relations Contact: Stephen D. Axelrod, CFA Wolfe Axelrod Weinberger Associates, LLC 212-370-4500 -------------------------------------------------------------------------------- Source: NutraCea

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