Vyta Corp acquires ownership of Bioagra

10-11-2008 | |

Vyta Corp has announced that it has reached a favourable settlement in its foreclosure litigation against Bioagra. Pursuant to the terms of the amicable agreement, Vyta Corp now controls 100% ownership interest in Bioagra, and Paul H. Metzinger, President and CEO of Vyta Corp, becomes the sole Manager, and only executive officer of Bioagra.

Terms of the agreement are included in a Form 8-K filed with the Securities and Exchange Commission.

Bioagra manufactures, markets and distributes AGRASTIM, a proprietary all-natural, biologically active yeast Beta-1,3/1,6-D-glucan feed supplement. AGRASTIM is also used to replace growth promotion antibiotics that are currently used in the feed of the beef and dairy cattle, equine, swine, poultry and aquaculture industries.

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