Stevia Corp. Enters Into 2nd Major Advanced Research Agreement in Vietnam
December 13 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 announce a cooperative
agreement with Asia Stevia Investment Development JSC (" SV
Group"), a grower partner based in the city of Vinh, Vietnam, and
the Agricultural Science Institute of Northern Central Vietnam
("ASINCV") to research and develop long term advanced agricultural
techniques for large scale crop production of stevia.
ASINCV is a non-profit scientific institute that operates under
the direct administration of the Vietnam Academy of Agricultural
Sciences and is responsible for the research activities in the
field of agricultural sciences and technologies in terms of crops,
farming and extension systems to motivate the socio-economic
development of Northern Central Vietnam.
With five research departments, two functional units and three
related satellite research centers, ASINCV conducts extensive
research into selection and breeding of high yield crops, research
and development of high profit farming systems alongside
technological processes and innovations as well as the development
of extended goals in education and training programs.
SV Group is a local grower partner that has entered into a
Supply Agreement with Stevia Corp. to supply stevia leaf. Stevia
Corp. also provides farm management services and technical support
to SV Group under a Farm Management agreement and Stevia Corp. has
signed an agreement to provide technical support for the
cooperative agreement with ASINCV and for the parties to mutually
share the benefits derived from the cooperative research.
ASINCV has made available certain land, buildings, equipment and
staff for the purpose of conducting stevia research, which provides
valuable infrastructure and support for Stevia Corp.'s technology
partner, Agro Genesis, to carry out their scientific research.
Mr. George Blankenbaker, Stevia Corp. President, comments, "We
are very pleased by this arrangement with ASINCV and SV Group, as
they are very supportive of our stevia activities and share a
common goal to make stevia a major economic contributor for the
agricultural industry in Vietnam. It is difficult to quantify the
value of having such local support at all levels working to achieve
economic success for a new high yield crop in Vietnam."
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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