Stevia Corp. Commences Trading as STEV
This will allow the Company to fully capitalize on the value of the intellectual property it creates, while also providing an environment in which to further develop and refine farm management techniques and strategies.
Sep 23 2011 --- Stevia Corp., a Company incorporated in the state of Nevada, wishes to advise that pursuant to the close of a voluntary share exchange transaction with Stevia Ventures International Ltd. (Stevia Ventures), the Company's operations now consist of the business and operations of Stevia Ventures. Subsequently, Stevia Corp. commenced trading on the Over-the-Counter exchange (OTC) with the symbol "STEV."
Stevia Corp. is a farm management company with a strong focus on stevia agronomics from plant breeding and best agricultural practices to post-harvest techniques. The Company plans to invest heavily in R & D and intellectual property acquisition and to provide farm management services to industry and contract growers.
Originally from Paraguay, stevia leaf has been valued for centuries because of its sweetening properties, but only recently has innovative and unique process technologies been developed allowing stevia to be extracted to pharmaceutical levels of purity on a reliable and consistent basis in commercially viable volumes.
In 2008, Rebaudioside A, a steviol glycoside, was granted GRAS (Generally Recognized as Safe) status by the US Food and Drug Administration following applications by Cargill and Merisant. Since then, approval by legislators across the world has opened the door to new formulations of foods and beverages with zero or reduced calorie content. In 2009, stevia was incorporated into leading beverage brands manufactured by Coca-Cola and PepsiCo.
Usage of stevia has continued to increase in recent years and in 2010 stevia products were launched across thirty-five countries and 38 categories.
Stevia Corp. further plans to implement proprietary technology and protocols to develop and expand its own stevia production. This will allow the Company to fully capitalize on the value of the intellectual property it creates, while also providing an environment in which to further develop and refine farm management techniques and strategies.
The Exchange Agreement contains customary representations, warranties, and conditions to closing. 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.
