SOURCE: Plandai Biotechnology, Inc.

October 27, 2015 09:32 ET

Plandai Biotechnology, Inc. Announces Distribution Agreement With Bal Pharma Ltd Covering India

LONDON, UNITED KINGDOM--(Marketwired - Oct 27, 2015) - Plandaí Biotechnology, Inc. ("Plandaí" or "the Company") (OTCQB: PLPL), producer of the highly bioavailable Phytofare®, today announced that it has executed an Exclusive Distribution Agreement with Bal Pharma Ltd., an India-based manufacturer and exporter of pharmaceutical finished formulation/bulk drugs and distributor of nutraceuticals ingredients (www.balpharma.com). Under the terms of the agreement, Bal Pharma will use the Company's Phytofare® in their finished formulation products while also distributing Phytofare® as an active ingredient throughout India. The two-year renewable agreement gives Bal Pharma exclusivity for their territory and fixed pricing based on volume in exchange for defined annual off take.

Callum Cottrell-Duffield, Vice President of Sales for Plandaí, commented, "Bal Pharma is one of the leading pharmaceutical companies operating in both the Indian and International market and we're excited to partner with them to bring Phytofare® to the region. With their proven track record as the manufacturer, exporter and distributor of pharmaceutical finished formulation/bulk drugs, Bal Pharma should quickly be able to generate substantial market penetration for Plandaí. Our agreement with such a highly-regarded Indian company further validates the fifteen years of research that has gone into bringing Phytofare® to market and the solid science behind our phyto-available products."

Shailesh D. Siroya, Managing Director of Bal Pharma, added, "Phytofare®, with its proven increased bioavailability and pharmaceutical quality, is an ideal fit with Bal Pharma's current product mix. We've been involved with Plandaí monitoring their progress and clinical trials, and are pleased that they are now positioned to become a valued supplier as we work together towards our mutual goal of providing a better and healthier lifestyle through quality products and innovation."

About Plandaí Biotechnology, Inc.
Plandaí Biotechnology, Inc. and its subsidiaries develop highly phyto-available™ extracts. Plandaí Biotechnology controls every aspect of the process, from growing the raw materials on its farms in South Africa, to producing its proprietary Phytofare® extracts in-house, allowing the Company to guarantee the continuity of supply as well as quality control throughout the entire process. Targeted industries for the Company's products include beverage, cosmeceutical, wellness, nutraceutical, anti-aging, and pharmaceutical. For more information, please visit http://www.plandaibiotech.com.

About Bal Pharma Ltd.

Bal Pharma is a fully integrated and leading Indian pharmaceutical company specializing in Prescription drugs, Generics, OTC Products, Intravenous infusion and Bulk Actives with 28 years of experience. They provide quality of life for patients by offering them products which are Safe, Effective, High Quality and Affordable. Bal Pharma's active pharmaceutical ingredients (API) and finished formulations are produced at world class manufacturing facilities and are exported to Japan, Australia, Spain, UK, Canada, Nigeria, Iceland, Slovenia, Romania, Argentina, Brazil, Pakistan, Germany, South Africa, Serbia, Taiwan, Malaysia, Thailand, Turkey, Egypt, Korea, Venezuela, Italy, Portugal, Morocco, Poland, Netherlands, Syria, Bangladesh, Africa and Indonesia. The latest facility at Rudrapur, Uttaranchal is defined to take finished formulations to highly regulated markets like US and Europe. With the successful operations in domestic and international markets, backed by its strength in Research and strong infrastructure, Bal Pharma is one of the fastest growing companies in the Indian Pharmaceutical Industry. For more information, please visit http://www.balpharma.com.

Safe Harbor Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov.

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