Vystar's Market Presence Poised to Grow in 2011

Message from Bill Doyle, President and CEO:

As we all look forward to the new year, Vystar^® Corporation expects to expand its market presence by pursuing a variety of exciting opportunities.  I'd like to use this space to give you a quick summary of some of the latest developments.

To begin with, several international media outlets and websites have recently spotlighted Vystar and Vytex^® Natural Rubber Latex (NRL) including Global Finance Magazine, Today's Medical Developments, Cleanroom Technology, High Velocity Radio, MO.com and Medical Device and Diagnostic Industry.    The Vytex story is attracting interest from both the technical and business arenas and we expect an ongoing active media schedule.

I'm also pleased to report that Vystar has secured an initial three-year licensing agreement with KA Prevulcanised Latex Pvt. Limited (KAPVL) of Nagercoil, Tamil Nadu, India.  KAPVL is part of the Ooppoottil Group, India's largest latex concentrate processor and the country's largest latex glove producer.  KAPVL will exclusively manufacture and sell Vytex NRL in India, Sri Lanka, Pakistan, Bangladesh, Bhutan and Nepal.  This license agreement allows Vystar access to  the protected Indian market where the duties for imported latex raw material hover around 70 percent.  There is a large manufacturing base for latex products-including gloves, condoms, and foam-in India and its neighbors.  KAPVL strengthens our production network already in place in Malaysia and Guatemala to expand our reach and better serve our global customers. 

There's good news from Malaysia-based condom manufacturer Richter Rubber Technology, which will launch two new product lines:  Vytex NRL condoms and ultrasound probe covers.  The line of condoms and probe covers made with Vytex NRL is expected to be commercially available by early 2011 through their established distribution channels and retail outlets.

If what we accomplished in 2010 is any indication, the next 12 months are sure to be an exciting period for Vystar-especially as manufacturers continue to realize the advantages of Vytex NRL and the media embraces the Vytex story.  As always, stay tuned for further developments.