Stevia Corp. Enters Into Key Research Agreement With National Institute in Vietnam
November 29 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 a cooperative
agreement with the National Institute of Medicinal Materials
("NIMM") to support innovative research into Stevia crop
development.
NIMM is a respected government supported institute located in
Hanoi, Vietnam performing comprehensive research, development and
post graduate training in the identification, acclimatization and
commercialization of medicinal plant resources. NIMMs expertise
extends beyond national borders through a series of scientific and
technical cooperative efforts with many institutes in foreign
countries including Russia, Germany, China, India, Hungary, Korea,
Japan, France, Thailand, Australia and Malaysia. Stevia Corp. is
very pleased that NIMM has a mutual desire to support the research
and development of stevia in order to meet the growing
international demand for stevia products and the resultant
opportunity to provide a new economic stimulus for Vietnam.
As part of the cooperative agreement, NIMM has made available
certain land, buildings, facilities and access to specialized
equipment for the study of stevia and its extracts.
Mr. George Blankenbaker, Stevia Corp. President, comments, "We
are exceedingly pleased by the support and vote of confidence we
are receiving in Vietnam to develop stevia. There is shared
confidence that stevia can be developed and become a new source of
economic stimulus for the Vietnam farmers and the overall economy.
NIMM will be a valuable resource for our technology partner, Agro
Genesis, to carry out their research and we are very fortunate to
have NIMM's support."
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, deployment
and adoption of G-Farm system, revenue derived from farm management
agreements, profitable harvests for farmers that adopt the G-Farm
system, future success of certain technologies, benefits derived
from research programs, potential future acquisitions,
implementation of effective farm systems, commercial scaling, 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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