AndhraNews.net
Home » Business News » 2012 » March » March 7, 2012

Stevia Corp. Announces Engagement of Two Key Advisors in Vietnam


March 7, 2012 - INDIANAPOLIS, IN

Stevia Corp. (OTCBB: 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 announce the appointments of Ms. Nguyen Thi Huong as Government Advisor and Mr. Arthur C. Carter as a Financial Consultant specializing in Vietnam.

Ms. Huong is the President of Stevia Ventures Corporation which is one of the Company's contract grower partners based in the Hanoi region. She is also a Director of a local law firm and a Director of a Vietnam publicly traded construction company which undertakes numerous government contracts. Ms. Huong has proven instrumental in her dealings with the government during Stevia Corp's establishment in Vietnam by aiding in, and establishing key government support at a number of government agencies and is responsible for the current government supported programs at both the Provincial and National level. Ms. Huong earned her law degree from Nagoya University in Japan and is a resident of Hanoi.

Mr. Art Carter is an American citizen resident in Vietnam acting as a financial advisor to foreign and local enterprises. He brings extensive audit, accounting and management experience to his consultancy. Since 2009 he has been the Director of Heritage Enterprise Group (HEG) of Hanoi. Previously he enjoyed a career in Columbia, South Carolina as a Senior Audit and Assurance Specialist at DS&S CPA, as Consultant Auditor at Simpson and Associates CPAs, as Financial Consultant at Center for Global Strategies (CGS), as Auditor at PricewaterhouseCoopers LLP, and as Business Manager at English Language Institute (ELI) Vietnam. He earned a Bachelor of Science, Business Administration from Erskine College and a Masters in Intercultural Studies from Columbia International University. He speaks and reads Vietnamese and is conversant in Spanish. Mr. Carter resides in Hanoi.

George Blankenbaker, Stevia Corp. President, comments, "As we continue our rapid pace towards commercialization in Vietnam it is important that we begin to formalize key relationships that will be critical to supporting our long-term business objectives. Ms. Huong has proven to be a true leader and tireless promoter of stevia and has garnered significant government awareness and support that will continue to prove invaluable as we introduce stevia as a new commercial crop in Vietnam."

Mr. Blankenbaker further comments, "As our business grows it will be critical that we establish internal reporting structures of international standards and that our grower partners adopt similar standards to ensure maximum efficiency and transparency. Mr. Carter will train and supervise the local staff including our local grower partners to help bring their systems to international standards. This will also better prepare our local grower operations for possible merger and/or acquisition as we enter the revenue phase of our development."

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.

About Stevia Corp. (OTCBB: STEV)
Stevia Corp. is a farm management company focused on best practice agronomic competency in order to deliver high value stevia through proprietary plant breeding, excellent agricultural methodologies and innovative post-harvest techniques. To date, the Company has acquired two grower supply contracts and established a research & development center in Vietnam. 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 requiring the tripling of stevia leaf production at the farm level to keep pace with consumer demand. 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, the pace of commercialization in Vietnam, potential future acquisitions, meeting international agricultural standards, estimates of stevia extract sales in 2010 and forecast by 2014, and forecast of stevia leaf production by 2014. 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.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Investor Relations
Crescendo Communications, LLC
Email: stev@crescendo-ir.com
Tel: +1-888-940-4050
Web: www.steviacorp.us

MarketWire

Comment on this story

Share