Stevia Corp. Introduces Director of Asian Operations
November 03 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 introduce and announce
the engagement of Mr. Thomas Ong as Director of Operations, Asia.
Mr. Ong is currently a Director of the Singapore registered farm
management firm Growers Synergy Pte Ltd, an agriculture consultancy
and farm management company holding land leases in Indonesia and
Vietnam producing crops for the domestic and export markets.
He is concurrently a director of A.D. Venture Limited, a
Singapore-registered fund investment and management company with
operating arms in Hong Kong and the People's Republic of China
(PRC), where he is involved in the acquisition and financing of
unlisted, high-growth PRC retail real estate companies including
debt restructuring for Chinese government-owned property assets. He
advises investors, private equity groups, real estate owners and
corporations in the areas of mergers and acquisitions, strategic
planning, valuations, management, leveraged buyouts and fund
raising.
Previously, Mr. Ong served 5 years with the Ministry of the
Environment where he led the Environmental Resource Centre as the
national hub for information on environmental and public health
management. He subsequently joined the National Environment Agency
(NEA) and was responsible for branding and promoting Singapore as a
regional environmental training hub. He coordinated NEA's initial
manpower and industry development efforts in the environmental
services sector and worked with the Economic Development Board
(EDB), International Enterprise Singapore (IE Singapore), Workforce
Development Agency (WDA) and related industry groups to promote
high value environmental services to the domestic and international
markets. He continues to act as a consultant to organizations in
the environmental sector in fund raising, business development,
marketing, sales and liaison with government agencies.
Mr. Ong obtained a Bachelor of Business Administration from the
National University of Singapore in 1995 and holds a Master's of
Science in Information Studies from the Nanyang Technological
University in 2000.
Mr. George Blankenbaker, Stevia Corp. President, notes, "We are
very pleased to have Thomas join us in our growing endeavor.
Through his Pan-Asian leadership and management experiences, Tom
has shown his ability in successfully structuring and implementing
cross cultural teams and systems that work extremely well with
local stakeholders and indigenous growers in Asia. Additionally,
his related business expertise will prove instrumental in
identifying and negotiating arrangements with regional operations
that could become potential future acquisitions. We have already
benefited from his early participation and look forward to a very
close relationship in future."
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. Market research group, Mintel, has said it expects
sales of stevia sweetened products to top $2 billion in 2011. 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, potential
future acquisitions, implementation of effective farm systems, the
development of new business opportunities, worldwide sales of
stevia extract and sweetened products, growth of stevia leaf
production and growth of 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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