INDIANAPOLIS, IN--(Marketwired - Jan 22, 2014) - 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 provide an update regarding its current crop status and growth opportunities for its fiscal year 2014.
Stevia Corp expects to produce a 2014 spring harvest in excess of 2,000 tons, more than doubling the 2013 spring harvest and will be serving an expanded client base in Vietnam, China, South Korea, Europe and South America.
George Blankenbaker, Stevia Corp President, comments, "As we achieve our crop harvest goals we will focus on developing higher margin businesses to service the international companies that we continue to attract. Key to our success has been our farming model and business ethos embracing sustainable and environmentally friendly practices with a socially responsible structure focused on the well-being of the local farming communities and ultimately delivering a quality natural product to our customers."
Mr. Blankenbaker continues, "Although the stevia plant is a commodity, at its core it represents the natural, healthy lifestyle aspirations of its consumers. There is a growing swell of consumers that want to improve their health and well-being and strive to support environmentally and socially responsible brands. Stevia Corp, at its core, represents these values and aspirations and we are attracting several international businesses, including U.S. based companies that have expressed interest in partnering with Stevia Corp to better serve this segment. This represents significant potential growth opportunities for the Company and we intend to embrace this lifestyle approach and develop a deeper relationship with a broader customer base by partnering with lifestyle brands that represent our values."
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. The World Health Organization (WHO) estimates that stevia could replace 20-30% of all dietary sweeteners. 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, anticipated 2014 spring harvest in excess of 2,000 tons, developing high margin businesses, growth opportunities, collaboration with U.S. companies, business strategy, 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.