Stevia Corp. Updates Strategic Plans for Commercial Stevia Production
November 09 2011 - 9:00AM
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 offer a summary of
current and planned activities targeting the rapid penetration and
positioning of the Company as a future leader in the multi-billion
dollar alternative sweeteners sector.
Stevia Corp is an international company with current operations
in South East Asia with plans to develop domestically in the USA.
The current Asian operations are coordinated in Singapore to ensure
timely, consistent and clear direction within the areas of
operation.
The large scale commercialization of Stevia is currently under
development and many of the decisions underway now will impact
future revenues and require a full spectrum of expertise to
properly manage the outcome. In order to efficiently accomplish our
goals during this initial phase, Stevia Corp has formed strategic
partnerships with Agro Genesis Pte Ltd and Growers Synergy Pte
Ltd., both highly specialized agribusiness companies engaged to run
Asian operations and work with local partners to manage in-country
farmer and government relations.
As part of the strategic partnership with Agro Genesis, Stevia
Corp will co-own any technology related patents (e.g. new
varieties, propagation technology, cultivation programs, harvest
and post-harvest processes) resulting from the engagement. Stevia
Corp will also have the right of first offer for the use and
distribution rights of yielded patents resulting from the
engagement. Stevia Corp will also be the exclusive distributor for
Agro Genesis G-Farm system (powered by MS Technology)* for growing
Stevia and Agro Genesis will be the exclusive technology partner to
support the distribution.
Growers Synergy has been engaged to manage in-country operations
and is a regional agribusiness company that operates its own farms
as well as provides farm management services and guaranteed
off-take agreements to contract farmers in both Vietnam and
Indonesia. The relationship with Growers Synergy and the ability to
provide off-take agreements for the non-Stevia crops produced as
part of the multi/inter-cropping component of the G-Farm system
provides several strategic advantages as follows:
- The multi/inter-cropping provides many agronomic benefits that
deliver more productive crop yields, multiple revenue streams, year
round growth and overall sustainability.
- Stevia Corp is able to offer farmers off-take agreements for
all crops that they produce without taking on market risk for the
non-Stevia crops.
- The process of convincing farmers to grow Stevia will be
enhanced by being able to offer farmers higher quality seeds,
better inputs, proven protocols and higher prices for traditional
crops that they are familiar with if they commit to grow Stevia as
part of the multi/inter-cropping model.
- Each new area that Stevia is introduced to will take time to
acclimate the Stevia plant and this process can only progress at
the speed of the biological clock of the plant. In the meantime,
while Stevia is being trialed and tested, the multi/inter-crops
will produce earlier revenue.
Stevia Corp selected to begin its efforts in Vietnam for a
number of reasons and believes that Vietnam has the potential to be
the next major area of high Reb-A leaf production in Asia outside
of China. Vietnam's close proximity to China provides for quicker
adaptation of existing high Reb-A strains of Stevia and also
provides the opportunity of several harvests per year. Stevia is
sensitive to frost and most areas in China only produce one or two
harvests per year. It is believed that Vietnam can better benefit
from the perennial attributes of Stevia and holds the potential for
multiple harvests during the year without requiring replanting each
year thus enhancing both yield and cost of production. Vietnam is
also one of the most productive agricultural countries and a world
leader in coffee and rice production and Stevia Corp intends to
leverage the excellent agricultural base for the adoption of
Stevia.
Production in the US is also intended but will take time to
research. Stevia Corp is evaluating the best options for entry into
the US market and is also preparing a request for proposal which
will be circulated among targeted research institutes to provide
in-depth research into specific areas that Stevia Corp has
identified as major success factors for large scale
commercialization of Stevia in the US.
Mr. George Blankenbaker, Stevia Corp. President, comments, "Our
program is ambitious and is not going to come to fruition
overnight. We are attempting to capture a significant share of an
exploding industry sector with immense potential; this takes
vision, planning and a lot of skills and expertise applied in a
very direct and considered fashion. I was raised on a farm in
Indiana and know that what we are doing is completely achievable
and can be extraordinarily successful for everyone prepared to go
the distance. A new crop with the potential for economic success
like Stevia doesn't come along every day. We are really looking
forward to taking the fruits of our labors and bringing them home
to the U.S. where I envision Stevia becoming a major economic
driver and cash crop that could prove hugely beneficial to our
American farmers."
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.stevia.co.
*G-Farm Systems and MS Technology are trademarks 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. 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, deployment
and adoption of G-Farm system, profitable harvests for farmers that
adopt the G-Farm system, potential future acquisitions,
implementation of effective farm systems, 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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