INDIANAPOLIS, IN--(Marketwired - Oct 23, 2013) - Stevia Corp. (
The Company advises that its proprietary aquaculture focused products (as previously discussed in a September 26, 2013 press release) are now being marketed and sold in several Asian countries with plans to enter South America in 2014. These innovative products include a line of specialized water conditioners and a high quality feed additive that can be used for both shrimp and finfish.
George Blankenbaker, Stevia Corp. President, comments, "Based on our trial results and subsequent customer orders, we expect to ramp up sales rapidly over the next two quarters and believe that our bio- formula product line which is focused on aquaculture applications, has the potential to become the largest contributor to our bottom line within a year."
Mr. Blankenbaker further adds, "The key to our products' success is their effectiveness and economic advantage to the operator. This is translating into a very cost effective marketing strategy by providing product samples to operators which results in immediate orders. In addition, initial sales indicate that we will be able to achieve substantially higher sales margins compared to our agri-crops."
Stevia Corp. is also leveraging its position to market its customers' products under the Stevia Quality Mark emphasizing the naturally fed and sustainably produced attributes of the seafood produced using the Company's products.
Mr. Blankenbaker concludes, "It is analogous to the 'Intel Inside' concept where we are creating value by branding our technology while simultaneously enhancing the image and value of our customers' products."
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, as amended, filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.steviacorp.us.
About Stevia Corp. (
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. 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. 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, marketing and distribution plans, sales forecast, potential success of bio-formula product line, sales margins, 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.
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