Stevia Corp. Qualifies for the First Issuance of Its Kind in China
George Blankenbaker, Stevia Corp President, comments, "This will be a huge benefit for the aquaculture industry in China and is a testament to the quality of both our partners and our project. It should also provide a signal to capital providers who are looking for opportunities to participate in China aquaculture projects."
11 Jan 2013 --- Stevia Corp., a farm management company focused on the economic development of stevia, the fastest growing product in the alternative sweetener sector, is pleased to announce that its aquaculture project in China is covered by the first Aquaculture Insurance Policy issued in the country.
The insurance coverage protects against loss of fish by disease or natural disaster and significantly reduces the project risk profile while greatly enhancing the project's reputation.
George Blankenbaker, Stevia Corp President, comments, "This will be a huge benefit for the aquaculture industry in China and is a testament to the quality of both our partners and our project. It should also provide a signal to capital providers who are looking for opportunities to participate in China aquaculture projects."
The insurance policy is underwritten by the People's Insurance Company of China (PICC), the largest insurance company in China and among the top ten insurance companies in the world. This is a significant development for the aquaculture industry in China which accounts for approximately 70 percent of the world aquaculture production.
Mr. Blankenbaker added, "We are proud of our local partners and that we are at the forefront of a significant development for the China aquaculture industry and this speaks volumes about the reputation and credibility of our management team and projects in which we are participating."
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.
