Stevia Corp. Achieves Spring Harvest Forecast Doubling the Previous Year's Harvest
May 14 2014 - 8:00AM
Marketwired
Stevia Corp. Achieves Spring Harvest Forecast Doubling the Previous
Year's Harvest
Company Now in Talks to Supply a Major Fortune 500 Company
INDIANAPOLIS, IN--(Marketwired - May 14, 2014) - Stevia Corp.
(OTCQB: STEV) ("Stevia Corp" or the "Company"), an international
farm management company focused on the economic development of
products that support a healthy lifestyle, including stevia and
hemp, is pleased to announce that it achieved its projection for
the current harvest and is now in talks to supply a major Fortune
500 company.
Stevia Corp. harvested more than 2,000 tons of crops during the
spring harvest of 2014, doubling the 2013 spring harvest. The
majority of the spring harvest occurred during the Company's fourth
quarter ending March 31, 2014 with the balance occurring during the
current quarter ending June 30, 2014.
George Blankenbaker, Stevia Corp President, comments, "We are
continuing to diversify our crop portfolio and add international
clients. To date, we are working with the largest food conglomerate
in South Korea, a major importer to Europe, and we are in talks
with a major Fortune 500 company to supply its South East Asian
operations. Our model is working, now it is a matter of scaling
it."
Mr. Blankenbaker continues, "With our production base firmly in
place, we are focused on developing the US market and increasing
our margins with higher value added products. Real Hemp LLC, our US
subsidiary, will play a central role in this effort. We are
currently confirming final details of our initial products for the
US market with the intent to go live with our Real Hemp website in
June 2014."
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. (OTCQB: STEV) Stevia Corp. is a farm
management company focused on developing highly nutritional, high
value products through proprietary plant breeding, excellent
agricultural methodologies and innovative post-harvest techniques.
Stevia Corp invests 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. Stevia
Corp was founded on the principal of implementing socially
responsible, sustainable, quality agribusiness solutions to
maximize the long-term efficient production of nutritional crops.
For additional information please visit: www.steviacorp.us.
About the Hemp Industry Sector Hemp is a crop that can be grown
for food and non-food purposes. As a result of its numerous
nutritional benefits, many new food products containing hemp seed
and its oil are finding their way into the marketplace, including
pasta, tortilla chips, salad dressings, snack products and frozen
desserts. Non-dairy hemp "milk" beverages, which provide
significant amounts of omega 3 essential fatty acids (EFAs) and
protein, are also available. Hemp oil is also used in
nutraceuticals and health care products.
As a fiber source, hemp is undergoing rapid growth as a natural
fiber in everything from clothing and textiles to automotive
composites. The fiber is also gaining popularity as insulation.
The Hemp Industries Association (HIA) estimated that the retail
value of North American hemp food, vitamin and body care products
was in the range of $156 to $171 million in 2012. When clothing,
auto parts, building materials and other non-food or body care
products are included, the HIA estimates that the total retail
value of U.S. hemp products is about $500 million.
Food and fiber uses for industrial hemp are growing rapidly and
have increased over 300 percent, to an estimated 25,000 products,
in the past few years. Much of that growth is coming from the
increased sales of hemp food products.
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, spring harvest, supply a Fortune 500 company's
South East Asia operations, developing the US market, launch of
Real Hemp LLC website, annual retail value of hemp products sold in
the U.S., developing hemp products, growth of industrial hemp
product industry, product development and business strategy. 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.
Contact: Stevia Corp. Investor Relations Email: ir@stevia.co
Tel: +1-888-250-2566 Web:
www.steviacorp.us
Stevia (PK) (USOTC:STEV)
Historical Stock Chart
From Oct 2024 to Nov 2024
Stevia (PK) (USOTC:STEV)
Historical Stock Chart
From Nov 2023 to Nov 2024