Stevia Corp. Commences Farm Management Sector Growth With 2nd Partner Agreement
December 07 2011 - 7:00AM
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 entry
into the Farm Management side of its business model has been met
with rapid acceptance as the latest Farm Management Agreement has
been entered into with its second Vietnam grower partner, Asia
Stevia Investment Development Joint Stock Company (ASID), located
in the city of Vinh, Vietnam.
Under the terms of the agreement, Stevia Corp. will supply
stevia seedlings and additional input products and services
utilizing the G-Farm* system and Stevia Corp. will also have rights
to off-take the non-stevia crops produced by inter/multi-cropping
as part of the G-Farm system. This agreement provides the second
major customer to employ farm management services and technologies
provided by Stevia Corp.
ASID is currently trial growing stevia under a supply agreement
with Stevia Corp. in a number of provinces in North Central Vietnam
including 10 districts of Nghe An province, 3 districts of Ha Tinh
province and one location in Binh Thuan province.
Stevia Corp. expects to derive multiple benefits from the
Agreement. Revenue will be generated from both the inputs and
services Stevia Corp. will be providing as well as the non-stevia
crops that are produced as part of the inter/multi-cropping. In
addition, there will be a much greater chance of success when the
local parties are committed to using the technologies and protocols
that Stevia Corp. is developing with its technology partner Agro
Genesis and considerable knowledge will also be gained from the
initial farm trials conducted and will lay the foundation for
large-scale commercialization.
As with the previously announced agreement in North Vietnam,
ASID has dedicated 15 agronomy graduates to the project fieldwork
to learn and implement the proprietary protocols under development
by Stevia Corp. and its technology partner Agro Genesis.
Mr. George Blankenbaker, Stevia Corp. President, comments, "We
are very pleased that our grower partners are dedicated to our
program and willing to invest the necessary resources to make this
a successful project for all parties. Not only do these agreements
enable us to earn revenue from our technology developments, but
they hold the key for us to systematically control the
implementation of our technologies at the field level and ensure
success when we scale our program on a commercial scale."
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.
*G-Farm Systems 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. 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, 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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