NEW YORK, NY -- (Marketwire) -- 07/25/12 -- Plandai Biotechnology, Inc. (OTCBB: PLPL) has announced they have drawn $5.6 million from their loan from the Land and Agricultural Bank of South Africa. "This initial draw is the first step in moving towards full-scale production of our highly bioavailable botanical extracts," stated CEO Roger Duffield.

Plandai, which focuses on production of proprietary botanical extracts for the health and wellness industry, is aiming its business at the fastest growing segment of nutraceutical market, functional foods. The global nutraceutical market is expected to maintain its track of steady growth through 2017 according to Research and Markets. (www.foodproductdesign.com/news/2012/03/functional-foods-fueling-global-nutraceuticals-ma.aspx)

Plandai has also recently reached an agreement with ZZ2, a private farming conglomerate in Southern Africa to acquire tomato waste from ZZ2 which will be processed to recover highly bioavailable antioxidants using the company's exclusive Hydrodynamic Extraction System.

To read more on Plandai Biotechnology, Inc., visit www.plandaibiotech.com

Other active nutraceutical companies are, Nutraceutical Int'l Corp (NASDAQ: NUTR), Aceto Corp (NASDAQ: ACET) and Nature's Sunshine Products (NASDAQ: NATR)

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