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Vystar® Corporation Signs Letter of Intent to Merge with EcoGlove™ Asia Pacific Sdn Bhd

 

Merger Subject to Completion of Due Diligence and Negotiation

 

ATLANTA, July 07, 2011 -- Vystar® Corporation (OTC Bulletin Board:VYST.OB), the creator of Vytex® Natural Rubber Latex (NRL), a patented, all-natural raw material that significantly reduces antigenic proteins found in natural rubber latex, has signed a Letter of Intent (LOI) to merge with EcoGlove Asia Pacific Sdn Bhd, an innovator in sustainable, reusable exam gloves.  The proposal is nonbinding and subject to the satisfactory completion of due diligence by both Vystar and EcoGlove, which is currently underway.  Terms of the merger have not been finalized; however, both parties are working toward completion by September 30, 2011.    

 

EcoGlove, headquartered in Sabah, Malaysia, is a specialty glove company engaged in bridging the gap between safety, quality, cost and environmental sustainability. The company manufactures reusable medical “Tr@ce” gloves and provides innovative reprocessing technology to their clients that enables Tr@ce gloves to be used multiple times, surpassing safety compliance requirements.  The first-ever Glove-Unique Reprocessing Unit, called “G


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