Stevia Corp. Announces Commencement of First Commercial Trial Harvests in Vietnam
March 27 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, is pleased to advise that its
contracted grower in Vietnam has commenced the first field harvests
of 2012 as part of their 100 hectare (250 acres) commercial trial
commitment.
The initial trial fields are located in North Central, Vietnam
near Vinh City and harvest activities were observed by the local
government and media including a regional television news crew.
These fields are only a small part of a broad network of trial
fields located across several provinces and it is too early to come
to any conclusions, but farmers were pleased with the first yield
which also easily met company expectations. The results were
especially gratifying after an unseasonably long and low
temperature winter period that delayed the start of spring growth.
Further harvests will be conducted over the ensuing weeks and
months and comprehensive data will be gathered over the course of
the year.
George Blankenbaker, Stevia Corp. President, comments, "It has
been a long road to get to this point and it is exciting and
inspiring to see the level of local interest and enthusiasm from
the communities involved in the progress. From our perspective, the
work is ongoing as we need to verify the economics of the stevia
plant on a large scale over the span of an entire year and it is
much too early to say that we have succeeded in Vietnam, but it is
a very encouraging start."
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, future testing and validation of acquired
formulations, 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.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Investor Relations Crescendo Communications, LLC
Email: stev@crescendo-ir.com Tel: +1-888-940-4050 Web:
www.steviacorp.us
Stevia (PK) (USOTC:STEV)
Historical Stock Chart
From Feb 2024 to Mar 2024
Stevia (PK) (USOTC:STEV)
Historical Stock Chart
From Mar 2023 to Mar 2024