Stevia Corp. Provides Revenue Guidance
October 17 2012 - 9:00AM
Marketwired
Stevia Corp. (OTCQB: 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 the successful
launch of its commercialization phase and expects to report revenue
for the quarter ended September 30, 2012.
Following a private placement financing with institutional
investors on August 1, 2012, Stevia Corp. immediately began to
commercialize its proprietary stevia formulations including
preparations actively used in feed and fertilizer applications.
The commercialization effort is managed by the Company's
subsidiary Stevia Technew Limited and the formulations are
initially being applied to aquaculture operations managed by
Tech-New Bio-Technology ("TechNew") and its affiliates. TechNew was
founded by Mr. Zhang Ji (Jacky) in 2008 and currently services more
than 200 aquaculture farms in China. Operations include
facilitation of 225 acres of prawn farms and responsibility for
10,000 acres of mixed aquaculture in Guangdong Province. Mr. Zhang
Ji is also the Vice Chairman of the Guangzhou Aquaculture
Association and the Chairman of the Panyu Aquaculture Association
(the largest member association in Guangzhou). He also manages
2,000 greenhouses in Shanghai and aims to work with his numerous
business affiliates and personal relationships in an effort to
increase the visibility of Stevia Technew in order to aid the
provision of technical advice and assistance for the company's
contract farming that utilizes stevia formulations.
The Company is commercializing its proprietary formulations
utilizing a revenue share model which is a variation of the
contract farming model. Under the revenue share model the grower
has their own established market for their crop and Stevia Corp.
provides farm management services and inputs such as proprietary
feed or fertilizer for a share of the revenue. This model is
utilized under conditions where an existing business has a proven
track record and Stevia Corp. can enhance yield and margins by
contributing its services and inputs.
The revenue share model allows Stevia Corp. to quickly scale its
business on the backs of existing and proven operations providing a
quicker path to breakeven operations with significantly less
upfront investment capital and risk.
George Blankenbaker, Stevia Corp. President, comments, "Our
commercialization plans have gotten off to a good start with
projected third quarter revenues signifying another major milestone
effectively met ahead of schedule. Given the opportunities
presented by our partners, and the scope of their operations
combined with the proposed plans to scale our business model, we
are targeting significant revenue growth during calendar year 2013
provided we achieve certain capital requirements."
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. (OTCQB: 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. 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, revenue and
earnings forecasts, increasing the visibility of Stevia Technew
Limited, growth plans, business strategy, worldwide sales of stevia
products and stevia extracts, 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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