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Stevia Corp. Advises That Vietnam Gov't Supported Projects Are On-Track for 2012 Completion

 

INDIANAPOLIS, IN--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 that commitments from regional and national levels of governments are paving the way for the rapid development of stevia trial cultivation farms aimed at grower adoption on a commercial scale.

In order to effectively demonstrate the economic opportunities represented by stevia cultivation, the National Government of Vietnam is providing financial support for the development of 50 Ha of stevia cultivation. Additionally, the Bac Giang provincial government is also supporting a further 20 Ha of stevia cultivation. Both projects are currently on track for completion in 2012.

Stevia Corp.'s local grower partner, Stevia Ventures Corporation ("SVC") of Hanoi, is managing both projects in conjunction with the appropriate government entities and local community farmers. The Vietnam government is supporting the projects with financial subsidies to the farmers to help introduce stevia as a new crop and provide an incentive for these farmers to trial Stevia and demonstrate it as an economically viable alternative crop.

Stevia Corp. is providing the farm management expertise to ensure a successful outcome. Under the terms of the agreement, Stevia Corp. will supply stevia seedlings and additional products and services utilizing its proprietary systems and will also have rights to off-take any non-stevia crops produced by inter/multi-cropping.

Mr. George Blankenbaker, Stevia Corp. President, comments, "Having government support for our efforts to commercialize stevia is a huge benefit providing credibility to the local farmer communities and affirms our decision to begin efforts in Vietnam. The government and institutes at all levels have been supportive and understand the potential economic viability of stevia and this has resulted in a strong resolve to spur the commercial development and create a major economic stimulus for the rural communities."

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 proprietary farming systems, revenue derived from farm management agreements, profitable harvests for farmers that adopt the proprietary systems, 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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This website contains historical and archived press releases for Stevia Corp. The information in these press releases is historical in nature, has not been updated, and is current only to the date indicated in the particular press release. This information may no longer be accurate and therefore you should not rely on the information contained in these press releases. To the extent permitted by law, Stevia Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission.



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Stevia Corp invests heavily in R&D and IP acquisition and manages its own propagation, nursery and plantations as well as provides services to contract growers and other industry growers…

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Stevia Corp delivers a full spectrum of agriculture solutions for stevia growers.