Stevia Corp. President Discusses Expansion Plans
September 10 2013 - 9:37AM
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 offer insights
regarding key aspects of its planned expansion plans.
Stevia Corp. successfully completed the first phase of its
commercialization program achieving its targeted $3million revenue
over the six month period ended June 30, 2013. The company is now
focused on expanding its proven business model and aims to double
production by the spring of 2014.
George Blankenbaker, Stevia Corp. President, comments,
"Following Stevia Corp's successful harvest during the spring of
2013, our project was featured in the Vietnam Journal of Finance
and a 1/2 hour nationally televised program. This recognition
provided additional credibility and we are now being approached by
international companies to grow for them as well as discussing
potential joint ventures to operate processing factories in
Vietnam. We have completed test shipments to both South Korea and
Europe proving that we can meet international standards and we are
preparing to enter into long-term supply agreements with buyers
from both South Korea and the Netherlands."
Mr. Blankenbaker further explains, "Because Stevia Corp's model
has proven to be a win-win for all parties and the farmers who
participated earned higher revenues, we have the full support of
the Vietnamese government and there is a waiting list of farmers
who want to participate in our program. This enables us to select
the best operators and maintain our high quality control standards
as we expand. These key factors provide the foundation and impetus
for us to rapidly expand our production to meet the growing demands
of international buyers."
Blankenbaker concludes, "To successfully operate in a new
market, it generally takes a few years for a company to establish
itself and become well entrenched in the region while garnering the
confidence and support of all parties, including the local farm
communities as well as the local and national governments. But once
achieved, it creates a strong foundation for rapid development.
Stevia Corp has now attained this milestone and is preparing for
the next phase of rapid expansion."
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 crops through
proprietary plant breeding, excellent agricultural methodologies
and innovative post-harvest techniques. 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. 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, doubling
production by spring 2014, potential long term supply agreements,
expansion of production, demands of international buyers, 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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