Stevia Corp. President Discusses Expansion Plans.
Blankenbaker Delivers First in Series of 3 Articles Detailing New Revenue Streams
INDIANAPOLIS, IN–(Marketwired – Sep 10, 2013) – Stevia Corp. (OTCQB: STEV) (“Stevia Corp.” or the “Company”), a farm management company focused on the economic development of stevia, the fastest growing product in the alternative sweetener sector, is pleased to offer insights regarding key aspects of its planned expansion plans.
Stevia Corp. successfully completed the first phase of its commercialization program achieving its targeted $3million revenue over the six month period ended June 30, 2013. The company is now focused on expanding its proven business model and aims to double production by the spring of 2014.
George Blankenbaker, Stevia Corp. President, comments, “Following Stevia Corp’s successful harvest during the spring of 2013, our project was featured in the Vietnam Journal of Finance and a 1/2 hour nationally televised program. This recognition provided additional credibility and we are now being approached by international companies to grow for them as well as discussing potential joint ventures to operate processing factories in Vietnam. We have completed test shipments to both South Korea and Europe proving that we can meet international standards and we are preparing to enter into long-term supply agreements with buyers from both South Korea and the Netherlands.”
Mr. Blankenbaker further explains, “Because Stevia Corp’s model has proven to be a win-win for all parties and the farmers who participated earned higher revenues, we have the full support of the Vietnamese government and there is a waiting list of farmers who want to participate in our program. This enables us to select the best operators and maintain our high quality control standards as we expand. These key factors provide the foundation and impetus for us to rapidly expand our production to meet the growing demands of international buyers.”
Blankenbaker concludes, “To successfully operate in a new market, it generally takes a few years for a company to establish itself and become well entrenched in the region while garnering the confidence and support of all parties, including the local farm communities as well as the local and national governments. But once achieved, it creates a strong foundation for rapid development. Stevia Corp has now attained this milestone and is preparing for the next phase of rapid expansion.”
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: www.steviacorp.us.
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