Stevia Corp. Obtains Exclusive Distribution Rights of Patented Cultivation Technology for Growing Stevia
October 25 2011 - 8:30AM
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 announce that as part
of its previously announced agreement with Singapore based Agro
Genesis Pte. Ltd., the Company has obtained exclusive distribution
rights to Micro Suspension (MS) Technology* which produces premium
MS fertilizers for use with stevia.
Micro Suspension (MS) Technology is a breakthrough, patented
crop nutrient delivery system that delivers insoluble but highly
bio-available minerals to crops. It optimizes absorption of
nutrients and hence maximizes benefits to the plant. The process
was conferred the competitive Technology Commercialization Award by
the Singapore government in 2008.
MS Technology produces a unique range of breakthrough
fertilizers aptly known as MS fertilizers that provide a cheaper,
safer, better and sustainable solution to crop production. Benefits
to crops include increased yield, increased starch and sugar
content and improved root and shoot growth. Stevia Corp. is in
final discussions with two major institutes in Vietnam to perform
cooperative research on Stevia utilizing these new and innovative
technologies.
Micro Suspension technology:
- is considered a breakthrough in conventional plant nutrient
technology;
- is a crop nutrient system that delivers water-insoluble, but
highly bio-available minerals to crops;
- stays in soil -- doesn't wash out with rain -- only requires
one application and therefore is less expensive;
- uses abundant and renewable resources as starting material thus
avoiding the critical resource supply problems facing the chemical
fertilizer industry;
- maximizes NUE (Nutrient Use Efficiency) by plants, resulting in
optimal nutrient uptake thus maximizing benefits to plants;
- maximizes plant yield and quality -- designed to increase early
plant growth, tolerance against biotic and abiotic stress and
quality of harvested leaves.
Mr. George Blankenbaker, Stevia Corp. President, states, "Our
development agreement with Agro Genesis has provided us with
extremely favorable access to new cultivation technologies which we
have deemed as a key element of our overall strategy for growth.
Increased crop productivity is an important goal that increases the
probability of future commercial success. There are many other
components to our strategic aims, but this exclusive distribution
right sets the stage for our immediate development program and can
greatly aid in positioning our company at the forefront of our
sector."
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.
*MS Technology is a trademark of Agro Genesis Pte. Ltd.
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. In 2010, stevia products were launched across thirty-five
countries and 38 categories. Within two years of the USA market
opening, Nielsen-based retail consumption data indicated almost $1
billion of retail sales. Market research group, Mintel, has said it
expects sales of stevia sweetened products to top $2 billion in
2011. 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, regulatory
incentives, the development of new business opportunities, and
projected costs, revenue, profits and results operations. 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 Jul 2024 to Aug 2024
Stevia (PK) (USOTC:STEV)
Historical Stock Chart
From Aug 2023 to Aug 2024