SportsQuest Signs Letter of Intent with FDN Trade International to Distribute Stevia
November 20 2012 - 2:20PM
OTC Markets
Orlando, FL Nov. 20, 2012 (OTC MARKETS NEWSWIRE) --
SportsQuest, Inc. (SPQS), a publicly-traded holding company,
announces today that it has signed a Letter Of Intent with FDN
Trade International to distribute Stevia, a natural sweetening
agent derived from the leaf of the Stevia plant. Stevia is a healthier replacement
for sugar and artificial sweeteners. SPQS subsidiary Zabo Foods will
manage the commercialization effort and expects to announce its
premiere Stevia product within the next two weeks.
Currently, Stevia is available in both
liquid and powder forms. The powdered form requires a base
of 93% maltodextrin (corn flour) and 7% Stevia. The body converts
maltodextrin into glucose (sugar), negating the intent of using the
product as a sugar replacement. Zabo Foods’ Stevia extract is
100% organically grown and derived. It differs from other market
products in that the only chemical added to the final product is
ascorbic acid, an organic compound that raises the extract’s
antioxidant level, marking Zabo’s liquid Stevia extract as the
superior sweetener.
FDN Trade International, based in Columbia, South
America, is the distributing arm for UNIASOCIAR PM, a grower of
Stevia. UNIASOCIAR PM and FDN Trade International are both
certified in and involved in every point of production: the
pre-crop process, planting of the crop, harvesting, and final
transformation. The
end result- liquid Stevia extract- is unique in that it boasts 5
international certifications across 3 continents:
1. USDA- Organic, FDA approved,
BT081661000CT1e
2. JAS- Japan's Agricultural
Standards
3. European Union Organic
Certified
4. Bio-Tropico
Certification
5. INVIMA Certification, RSAT
22I206
Under the terms of the agreement, SPQS we will be
able to purchase organic and regular Stevia at an agreed-upon
locked-in price. The
revenue model built will allow SPQS to quickly scale its business,
providing a faster path to breakeven operations with significantly
less upfront investment capital and risk.
Jeffery Burns, SPQS CEO/President, comments, "We are
off to a great start with the revitalization of Zabo
Foods. Given the
opportunities presented by our partners, the growing Stevia market
is reaching the 13 billion dollar mark and is expected to have
continued growth as more consumers and manufacturers switch from
sugar to the healthier Stevia. Our proposed plans are to scale our
business model; we are targeting significant revenue growth during
calendar year 2013, provided we achieve certain capital
requirements."
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS: This press release contains "forward-looking
statements" as defined under the U.S. federal securities laws.
Generally, the words "believe," "expect," "intend," "estimate,"
"anticipate," "project," "will," and similar expressions identify
forward-looking statements, which generally are not historical in
nature. Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to materially differ
from the company's historical experience and its present
expectations or projections indicated in any forward-looking
statement. These risks include, but are not limited to, changes in
economic and political conditions, regulatory and legal changes,
technology, industry risk, valuation risk, non-diversification
risk, interest rate risk, tax risk, and other risks discussed in
the company's filings. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. The company undertakes no obligation to publicly update
or revise any forward-looking statements made herein. There is no
assurance that the company's objectives will be
attained.
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