October 29, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Vystar Corp. (OTCBB: VYST), the creator of a natural rubber latex, said it has secured an initial three-year licensing agreement with KA Prevulcanised Latex Pvt. Ltd. of Nagercoil, Tamil Nadu, India.

KAPVL is part of the Ooppoottil Group, India's largest latex concentrate processor and the country's largest latex glove producer.

According to the terms of the agreement, KAPVL gains the exclusive rights to manufacture and sell Vytex NRL as their sole low protein natural rubber latex in six SAARC (South Asian Association for Regional Cooperation) countries. These include India, Sri Lanka, Pakistan, Bangladesh, Bhutan and Nepal.

The initial agreement period is for three years and is tied to specific minimum sales volumes and quality standards to retain the license and territory exclusivity.  

Georgia-based Vystar said it is working with manufacturers across a range of consumer and medical products to bring Vytex NRL to market in adhesives, balloons, surgical and exam gloves, other medical devices and natural rubber latex foam mattresses, pillows and sponges.  

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