Stevia Corp. Announces Proprietary Stevia Formulations for Fertilizer & Feed
March 22 2012 - 09:00AM
Marketwired
Stevia Corp. (OTCBB: STEV) ("Stevia Corp." or
the "Company"), a farm management company focused on the economic
development of stevia, the fastest growing product in the
alternative sweetener sector, wishes to advise that subsequent to,
and as part of, its previously announced cooperative agreement with
Asian biotech manufacturer "TechNew," the Company has begun testing
certain proprietary formulations which incorporate stevia extracts
for the purpose of fertilizer and feed applications.
The four all new proprietary formulations include aquaculture
feed for shrimp, feed for livestock, granular fertilizers and
foliar spray. Commercial trials are on-going and initial stevia
harvests using the formulations are anticipated for Q2 2012.
Stevia Corp will be arranging for additional testing and
validation of the overall benefits of the formulations with the
participation of US institutes in order to provide further
credibility to the already extensive research underway in Asia.
George Blankenbaker, Stevia Corp. President, comments, "This is
an exciting milestone for the company. Not only does this enable us
to vertically integrate all the way from farm to value add product,
but it opens up an entirely new market and near-term revenue
opportunities while maintaining a focus on our core
competencies."
Further details of the Company's business, finances,
appointments and agreements can be found as part of the Company's
continuous public disclosure as a reporting issuer under the
Securities Exchange Act of 1934 filed with the Securities and
Exchange Commission's ("SEC") EDGAR database. For more information
visit: www.steviacorp.us.
About Stevia Corp. (OTCBB: STEV) Stevia
Corp. is a farm management company focused on best practice
agronomic competency in order to deliver high value stevia through
proprietary plant breeding, excellent agricultural methodologies
and innovative post-harvest techniques. To date, the Company has
acquired two grower supply contracts and three nursery fields in
Vietnam. For more information visit: www.steviacorp.us.
About the Stevia Industry Sector Within
two years of the USA market opening, Nielsen-based retail
consumption data indicated almost $1 billion of retail sales for
the sector. In 2010, stevia products were launched across
thirty-five countries and in 38 categories. Zenith International
estimates worldwide sales of stevia extract reached 3,500 tons in
2010 with an overall market value of $285 million and forecasts the
global market for stevia will reach 11,000 tons by 2014 requiring
the tripling of stevia leaf production at the farm level to keep
pace with consumer demand. For more information visit:
www.steviacorp.us.
Notice Regarding Forward-Looking
Statements This news release contains "forward-looking
statements" as that term is defined in Section 27A of the United
States Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. Statements in this
press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such
forward-looking statements include, among other things, timing of
initial harvests using the acquired formulations, future testing
and validation of acquired formulations, future success of certain
technologies, potential future revenue, the development of new
business opportunities, entry into new markets, worldwide sales of
stevia extract and sweetened products, growth of stevia leaf
production and growth of the stevia global market. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with new projects and development
stage companies. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in
our annual report on Form 10-K for the most recent fiscal year, our
quarterly reports on Form 10-Q and other periodic reports filed
from time-to-time with the Securities and Exchange Commission.
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Contact: Investor Relations Crescendo Communications, LLC
Email: stev@crescendo-ir.com Tel: +1-888-940-4050 Web:
www.steviacorp.us
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