Plandai Biotechnology, Inc. announced that Ultimate Sports Nutrition (USN) is investigating and developing a new line of products for the Australian and New Zealand markets that incorporates Plandai's green tea catechin-based Phytofare(R) ingredient. Under the terms of a previously announced agreement, USN is committed to using Phytofare(R) catechin complex exclusively in all products manufactured or sold in Europe and South Africa that incorporate green tea. In an effort to further develop and expand on the existing agreement, the Company and USN agreed to allow USN to explore the use of Phytofare(R) with other USN contract manufacturers, beginning in Australia and New Zealand, in an attempt to determine whether further expansion of the relationship between the Company and USN was desirable.
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