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Stevia Corp. Announces Plans for Expansion Into Indonesia

Company Acts Decisively in Preparation for Launch of Stevia Into the World's Fourth Most Populous Nation

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 advise of plans to commence conducting stevia field trials in Indonesia.

The trials will be located in northern Sumatra at an elevation of 1,100 to 1,200 meters (3,608 - 3,937 feet) above sea level which is considered ideal for growing stevia in that region. The initial field trial will consist of a 2 Ha (5 acres) planting and will utilize the company's intercropping model. The intercropping is expected to yield initial harvests during 2012 and a larger stevia commercial trial is expected to commence in 2013.

With a population of over 237 million, Indonesia is the world's fourth most populous nation after the United States and is the third largest importer of sugar with a per capita consumption of 19 kilos (42 pounds) per year. According to the World Health Organization, Indonesia also ranks fourth in terms of diabetes sufferers in the world.

George Blankenbaker, Stevia Corp. President, comments, "Diabetes is a major health concern in Indonesia and following recent recommendations and guidelines as set out by the CODEX international standards committee, we are quite confident that stevia will be approved by Indonesia in the near future. We believe the timing is right to begin commercial trials regionally and intend to develop a fully integrated supply chain including an extraction plant to service the local market."

Mr. Blankenbaker as well as Tom Ong, Asia Director of Operations, have several years of experience operating in Indonesia and have been evaluating stevia test plots in the area since 2008.

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, location, timing, model and size of initial stevia field trials, timing of initial harvests, timing of future commercial trials, regulatory approval of stevia, development of supply chain, 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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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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Stevia Corp delivers a full spectrum of agriculture solutions for stevia growers.