Stevia Corp. Signs First Farm Management Agreement in Vietnam
This agreement provides Stevia Corp. with its first major customer for its farm management services and technologies.
Nov 18 2011 --- 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 its entry into a Farm Management Agreement with Stevia Ventures Corporation (SVC) of Hanoi.
Under the terms of the agreement, Stevia Corp. will supply stevia seedlings and additional products and services utilizing the G-Farm* system and Stevia Corp. will also have rights to off-take the non-stevia crops produced by inter/multi-cropping as part of the G-Farm system. This agreement provides Stevia Corp. with its first major customer for its farm management services and technologies.
SVC is currently growing stevia on a trial basis under a supply contract with Stevia Corp. in a number of areas in North Vietnam, including the provinces of Bac Giang, Hoa Binh, Nam Dinh, Thanh Hoa, Hung Yen, Hai Duong, Thai Binh, Da nang, Tp Ho chi minh, Dac Nong, Lam Dong, Tay Ninh, Ha Tay, Bac Ninh, and Hanoi.
In what is considered a significant investment, SVC is dedicating nine agronomy graduates to the project fieldwork, which demonstrates a serious commitment and investment in the project. SVC understands that their ability to learn and implement the proprietary protocols under development by Stevia Corp. and its technology partner Agro Genesis will yield major economic dividends when large scale commercial production of the crop is underway.
Mr. George Blankenbaker, Stevia Corp. President, comments, "We are excited that the value of our G-Farm systems is being recognized by local growers and we see the investments in quality personnel by our grower partners as indicative of their dedication to the stevia opportunity and their desire to study and properly understand our systems so that they can successfully implement the proprietary protocols that our technology partner, Agro Genesis, is developing for large scale commercialization."
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.
