Stevia Corp. Commences Trading as STEV
Company Enters Rapidly Growing Alternative Sweetener Marketplace
(firmenpresse) - INDIANAPOLIS, IN -- (Marketwire) -- 09/22/11 -- (OTCBB: STEV) ("Stevia Corp." or the "Company"), a Company incorporated in the state of Nevada, wishes to advise that pursuant to the close of a voluntary share exchange transaction with Stevia Ventures International Ltd. (Stevia Ventures), the Company's operations now consist of the business and operations of Stevia Ventures. Subsequently, Stevia Corp. commenced trading on the Over-the-Counter exchange (OTC) with the symbol "STEV."
Stevia Corp. is a farm management company with a strong focus on stevia agronomics from plant breeding and best agricultural practices to post-harvest techniques. The Company plans to invest heavily in R & D and intellectual property acquisition and to provide farm management services to industry and contract growers.
Originally from Paraguay, stevia leaf has been valued for centuries because of its sweetening properties, but only recently has innovative and unique process technologies been developed allowing stevia to be extracted to pharmaceutical levels of purity on a reliable and consistent basis in commercially viable volumes.
In 2008, Rebaudioside A, a steviol glycoside, was granted GRAS (Generally Recognized as Safe) status by the US Food and Drug Administration following applications by Cargill and Merisant. Since then, approval by legislators across the world has opened the door to new formulations of foods and beverages with zero or reduced calorie content. In 2009, stevia was incorporated into leading beverage brands manufactured by Coca-Cola and PepsiCo.
Usage of stevia has continued to increase in recent years and in 2010 stevia products were launched across thirty-five countries and 38 categories. Within two years of the USA market opening, Nielsen based retail consumption data indicated almost $1 billion of retail sales. Market research group, Mintel, has said it expects sales of stevia sweetened products to top $2 billion in 2011.
Stevia Corp. further plans to implement proprietary technology and protocols to develop and expand its own stevia production. This will allow the Company to fully capitalize on the value of the intellectual property it creates, while also providing an environment in which to further develop and refine farm management techniques and strategies.
The Exchange Agreement contains customary representations, warranties, and conditions to closing. 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: .
(OTCBB: STEV)
Stevia Corp. is a farm management company focused on high value stevia agronomics from plant breeding and best agricultural practices to post-harvest techniques. Market research group, Mintel, has said it expects sales of stevia sweetened products to top $2 billion in 2011. For more information visit:
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, regulatory incentives, the development of new business opportunities, and projected costs, revenue, profits and results operations. 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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Datum: 22.09.2011 - 07:00 Uhr
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