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Stevia Corp. Announces Timeline for Trials Aimed at Commercial Production in USA

 

Company Views Stevia as a Potential New Crop for US Farmers

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 it has been reviewing proposals from major University institutes in the US to conduct stevia research and expects to confirm the first research project shortly.

Global interest in stevia has now reached the stage where it is attracting the notice of major US research institutes as a worthwhile crop upon which to focus research resources. Initial research has shown that stevia can be adapted to US climates and there has been promising progress towards mechanizing the production of stevia which is a critical factor for US based production. Stevia Corp believes that it is a matter of when, not if, stevia will become a viable crop for US farmers.

Stevia Corp is also developing stevia applications for fertilizer, animal feed and other organic applications that utilize the entire plant as a high value ingredient enhancement to existing proven formulas. This not only creates new and diversified downstream markets, but also makes complete use of the plant which is significantly more economically efficient than utilizing just the leaves to extract the Rebaudioside A for human consumption.

George Blankenbaker, Stevia Corp. President, comments, "New strains are being developed to adapt to US climates and substantial progress is being made on the mechanization of stevia. In addition, as the many attributes of stevia are better understood, new value-add uses are being developed to make use of the complete plant material. We believe that combining our practical experience in adapting stevia for growth in new countries together with our efforts in research and the development of innovative techniques provides a competitive advantage for the commercialization of stevia in the US beginning with initial research and trials during 2012."

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. 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. 

 

 

Historical Press Releases

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.



Company Overview

Company Overview

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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Company Overview

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