International News

Stevia Corp. Announces Plans for Expansion Into Indonesia

15/6/2012, 12:10 pm, Post: Admin

Company Acts Decisively in Preparation for Launch of Stevia Into the World's Fourth Most Populous Nation

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 advise of plans to commence conducting stevia field trials in Indonesia.

The trials will be located in northern Sumatra at an elevation of 1,100 to 1,200 meters (3,608 - 3,937 feet) above sea level which is considered ideal for growing stevia in that region. The initial field trial will consist of a 2 Ha (5 acres) planting and will utilize the company's intercropping model. The intercropping is expected to yield initial harvests during 2012 and a larger stevia commercial trial is expected to commence in 2013.

With a population of over 237 million, Indonesia is the world's fourth most populous nation after the United States and is the third largest importer of sugar with a per capita consumption of 19 kilos (42 pounds) per year. According to the World Health Organization, Indonesia also ranks fourth in terms of diabetes sufferers in the world.

George Blankenbaker, Stevia Corp. President, comments, "Diabetes is a major health concern in Indonesia and following recent recommendations and guidelines as set out by the CODEX international standards committee, we are quite confident that stevia will be approved by Indonesia in the near future. We believe the timing is right to begin commercial trials regionally and intend to develop a fully integrated supply chain including an extraction plant to service the local market."

Mr. Blankenbaker as well as Tom Ong, Asia Director of Operations, have several years of experience operating in Indonesia and have been evaluating stevia test plots in the area since 2008.

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