Welcome to our dedicated page for Vystar news (Ticker: VYST), a resource for investors and traders seeking the latest updates and insights on Vystar stock.
Vystar Corporation (OTCQB: VYST) generates news across several distinct business lines, including Vytex natural rubber latex materials, RxAir UV-C air purification systems, Fluid Energy Conversion technologies, and tokenization of collectibles and digital assets through GoPaid.com and related initiatives. News coverage often reflects product developments, legal milestones, and strategic partnerships described by the company.
Recent announcements have included a binding Letter of Intent to acquire a minority equity stake in GoPaid.com LLC and participate in its proprietary cryptocurrency, along with plans to collaborate with Capital R3alm on R3alm Collectibles and R3alm Oracle platforms focused on tokenized memorabilia and decentralized oracle services. Vystar has also issued updates on Vytex-based mattresses and toppers, enhancements to RxAir air purifiers such as extended-life UV-C bulb cartridges, and progress on integrating Fluid Energy Conversion’s Hughes Reactor technology into next-generation air purification prototypes.
Investors and observers following VYST news can expect disclosures on product launches and relaunches, technology refinements in air purification and fluid energy, developments in Vytex applications, and corporate or legal updates such as court decisions involving convertible note litigation. Because Vystar operates at the intersection of materials science, health-related air quality products, energy-focused fluidics, and Web3 collectibles tokenization, its news flow spans multiple sectors and themes.
This page aggregates Vystar-related press releases and third-party coverage in one place, making it easier to review the company’s reported activities and announcements over time.
Vystar Corporation (OTCQB: VYST) has launched a redesigned website www.vytex.com alongside a brand refresh to enhance customer engagement and digital presence. The company's flagship product, Vytex, is positioned as a superior alternative to traditional memory foam and polyurethane materials for mattress toppers and pillows.
The material boasts several key features including 99.8% protein and impurity removal, extended durability with decades of resilience, and environmentally-friendly characteristics such as biodegradability and reduced chemical usage in manufacturing. CEO Jamie Rotman emphasizes Vytex's advantages in comfort, durability, and eco-friendliness, particularly noting its superiority over conventional memory foams that can off-gas and retain moisture.
Vystar Corporation (VYST) has developed a revolutionary next-generation RXAIR prototype utilizing the patented Hughes Reactor technology for advanced air purification. The technology, developed by Dr. Bryan Stone, combines ultrasonics and ultraviolet energy in a unique approach that offers superior control of airborne diseases. The system features a "kill chamber" that provides uniform UV exposure and can extend its purification capabilities beyond the unit to eliminate organisms on nearby surfaces - a significant advancement over traditional air purifiers.
The Hughes Reactor converts liquid or gas flow into powerful sound waves without moving parts, enabling various applications in air and water purification. The technology can enhance chemical reactions, improve flow measurement, and provide instant mixing capabilities.
Vystar Corporation (OTCQB: VYST) announced its upgrade from Pink Sheets to the OTCQB Exchange following Form 15C-211 approval. The company reports 17,400,614 shares outstanding and has successfully eliminated $11 million in debt through removing $5 million in Rotmans lease debt and $6 million in loans.
The company is focusing on three main business areas:
- Vytex - Allergy-free natural rubber latex products including foam, gloves, and condoms
- RXAIR - Air purification systems ranging from $500 personal units to $6,000 industrial units, with over 20,000 residential and 400 hospital units sold
- Fluid Energy Conversion (FEC) - Hughes Reactor technology for various applications including flow meters, water treatment, and combustion enhancement
Vystar's strategy involves growing existing product lines and exploring M&A opportunities, leveraging its $60 million loss carry forward and patent-protected product portfolio.
Vystar Corporation (OTCQB: VYST) announced that Rotmans, New England's largest furniture and flooring retailer, will begin liquidation on October 14, 2022, following a history of over 60 years in business. The liquidation sale offers over $20 million in deeply discounted inventory, including furniture and mattresses. Steve Rotman, the retiring CEO, has been a significant figure in the furniture industry and will shift focus to his role at Vystar. Despite the closure, Vystar continues to promote its environmentally friendly products, including Vytex Natural Rubber Latex and RxAir UV light air purification technologies.
Vystar Corporation (OTCQB: VYST) announced plans to split into two companies via a dividend, retaining Rotmans Furniture and adding Vytex latex to the RxAir NewCo spin-off. This strategic move aims to attract potential reverse mergers, which could yield higher revenue ($100-$150 million) and profits ($10-$15 million). The dividend record date is set for June 30, 2022. Vystar's focus on the retail furnishings and mattress market is designed to enhance appeal to merger partners. The successful combination of Vystar and Rotmans could create a cleaner, more valuable entity.
Vystar Corporation (OTCQB: VYST) announced the integration of its subsidiary Fluid Energy Conversion, Inc. (FEC) into the RxAir spin-off, set for early 2022. This strategic move aims to enhance research and development in air and water purification, leveraging FEC's patented Hughes Reactor technology. The spin-off will allow Vystar to concentrate on its retail business and environmentally friendly products. Dr. Bryan Stone will lead RxAir NewCo, focusing on advancing air purification methods and addressing critical clean water needs due to severe droughts.
Vystar Corporation (OTCQB: VYST) plans to spin off its RxAir UV light air purification business into a separate publicly traded entity, RxAir NewCo. This move is designed to create a pure-play investment opportunity for shareholders, who will receive shares in RxAir NewCo as a dividend. The Record Date for this dividend is January 5, 2022, and shareholders will receive approximately 2857 shares of RxAir NewCo for every 100,000 shares of Vystar held. The expected opening share price for RxAir NewCo is projected to be $2.00.
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Vystar Corporation (OTCQB: VYST) announced the completion of Phase 1 renovations at Rotmans Furniture, set to reopen on June 16. The remodel includes a redesigned entrance and bedding area, repurposing 90,000 sq. ft. of showroom into warehouse space, and introducing curated furniture lines. The recent "Closing to Remodel" sale exceeded all previous revenue records. CEO Steve Rotman emphasized improved customer service with quicker delivery options and a return to custom orders. The Grand Reopening Event is planned for fall following ongoing renovations.
Vystar Corporation's Rotmans Furniture will reopen on June 14 after completing Phase 1 of renovations, which involved redesigning the entry and bedding area and repurposing 90,000 sq. ft. of showroom into warehouse space for greater in-stock inventory. The remodel aims to enhance customer experience by providing a curated selection of furniture and immediate delivery options. The company experienced record sales during its remodeling event, exceeding previous quarterly revenues. Custom orders will also resume post-COVID, accommodating customer demand for bespoke furniture.