Stevia Corp (STEV)

[Summitgains]

Aug 13, 2014
OTC Disclosure & News Service

New York, NY -

OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Stevia Corp. (OTCQB: STEV) is verified for trading on OTCQB®, the venture stage marketplace for early and developing companies, as of August 13, 2014.

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 three nursery fields in Vietnam.

In 2010, stevia products were launched across 35 countries and 38 categories. Within two years of the U.S. market opening, Nielsen-based retail consumption data indicated almost $1 billion in retail sales. Market research group, Mintel, has said it expects sales of stevia sweetened products to top $2 billion in 2011. 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.