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STEV Stevia Corporation (PK)

0.00192
-0.00028 (-12.73%)
04 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Stevia Corporation (PK) USOTC:STEV OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.00028 -12.73% 0.00192 0.0018 0.002 0.002 0.0019 0.002 22,267 20:58:21

Stevia Corp. Achieves Spring Harvest Forecast Doubling the Previous Year's Harvest

14/05/2014 1:00pm

Marketwired


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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

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