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