of capital in research and development as well as a substantial upgrade
of its production facilities. During this past year there has been a
substantial decline in the overall price of higher grades of stevia,
mainly due to a major supplier in financial difficulty liquidating
inventories as well as slower than expected adoption rates in the U.S.
While this has resulted in declining margins for the entire industry and
a significant decline in revenue at Sunwin Stevia thus far in fiscal
2013, management believes these pressures are beginning to abate and the
expansion of stevia in the E.U. as well as increased use in the U.S.
will lead to an improving environment in calendar 2013 and beyond.
Sunwin Stevia’s investment in technology will also help to lower its
production costs to help improve overall margins when sales are expected
resume a strong growth track.Management believes Sunwin Stevia is well positioned to take advantage of industry trends that will result in substantially increased usage of stevia in the coming years in numerous food products including beverages, candies, baked goods, sweeteners, sauces and seasonings, and snacks. Datamonitor in a 2012 Food Navigator article estimates stevia product launches in North America to reach approximately 230 products in 2012 up from a few dozen launches per year in the 2006 to 2008 timeframe. Zenith International also estimates worldwide sales of stevia extract which reached 3,500 tons in 2010 with an overall market value of $285 million will reach as much as 11,000 tons by 2014.
More than 40 countries have either approved stevia for use in food products or are in the final stages of approval. Combined, it is estimated that more than 1,000 products worldwide now contain stevia, ranging from beverages to energy bars.
"We sell our low-grade and high-grade stevia extract directly to a number of international and domestic customers
,
including food and beverage companies, food ingredient companies, and
flavor houses. Additionally, we have partnered with distributors that
resell Sunwin Stevia’s products in a number of markets across the
globe”, commended by Ms. Dongdong Lin, CEO of Sunwin Stevia
International. "We have been able to demonstrate our integrated supply
chain capabilities which have resulted in partnerships with leaders in
the industry and now, through our capital investment in improving
production efficiencies and farming integration, we believe we are well
positioned to benefit from the tremendous global growth opportunities
for stevia in the years to come. We are confident that we have
positioned Sunwin Stevia on a solid foundation to scale production
capacity and target substantial growth in top and bottom line
performance in the coming fiscal year."About Sunwin Stevia International, Inc.
Sunwin Stevia International, Inc. (OTCQB: SUWN) engages in the areas of zero calorie, all natural sweeteners (Sunwin Stevia™ Extracts). As an industry leader in agricultural processing, Sunwin Stevia has built an integrated global firm with the sourcing and production capabilities to meet the needs of consumers throughout the world. For more info about Sunwin Stevia, please visit http://www.sunwininternational.com
Safe Harbor Statement
Sunwin Stevia International, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding demand for stevia, our revenues, net income and earnings our ability to increase stevia production capacity. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors
should not place undue reliance on any such forward-looking statements.
Further, any forward-looking statement speaks only as of the date on
which such statement is made, and we undertake no obligation to update
any forward-looking statement to reflect events or circumstances after
the date on which such statement is made or to reflect the occurrence of
anticipated or unanticipated events or circumstances. New factors
emerge from time to time, and it is not possible for us to predict all
of such factors. Further, we cannot assess the impact of each such
factor on our results of operations or the extent to which any factor,
or combination of factors, may cause actual results to differ materially
from those contained in any forward-looking statements. This press
release is qualified in its entirety by the cautionary statements and
risk factor disclosure contained in our Securities and Exchange
Commission filings, including our Annual Report on Form 10-K for the
fiscal year ended April 30, 2012.Contact:
Dore Perler
U.S. Representative
954-232-5363
ir@sunwininternational.com
Published at Investorideas.com
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