SOURCE: OTC Report

August 08, 2012 07:30 ET

Plandai BioTech (OTCQB: PLPL) Receives "BUY" Rating

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the OTC REPORT.

NEW YORK, NY--(Marketwire - Aug 8, 2012) - Plandai Biotechnology, Inc. (OTCQB: PLPL) has received a "BUY" Rating in the most recent KonLin Letter, authored by Konrad Kuhn. The Konlin Letter is a unique service that recommends 5 low-priced stock selections each month including a featured stock of the month.

According to The KonLin Letter, Plandai's income is projected to reach $27 million in 2012-13 and accelerate to $90 million in 5 years time. This projection is based in part on the $29 billion U.S. Nutritional Supplement Industry which is growing at almost 5.5% annually and Plandai controlling every aspect of their process, from growing raw material to producing their extracts in-house.

Plandai Biotechnology, Inc. focuses on the farming of whole fruits, vegetables and live plant material and the production of proprietary functional foods and botanical extracts for the health and wellness industry.

Other active stocks in the functional foods and supplements market are GNC Holdings, Inc. (NYSE: GNC), Vitamin Shoppe, Inc. (NYSE: VSI) and Whole Foods Market, Inc. (NASDAQ: WFM).

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