Backed by over 35 years of experience, FISH specialises in the manufacturing, distribution, import and export of high-quality deep frozen seafood products. FISH's main markets include China, the European Union, Middle-East, Russia and South-East Asia.
Under the terms of the Letter Of Intent, the parties intend to negotiate and enter into a definitive agreement whereby FISH will manage post-harvest facilities to process aquaculture seafood nourished with Stevia Corp.'s proprietary formulations supplemented with stevia.
As part of such agreement, FISH proposes to distribute minimum volumes of the processed seafood supplemented with stevia to its international customers. The seafood would include packaging highlighting and promoting the use of Stevia Corp.'s formulations and their application in sustainable aquaculture practices.
Alvin Loy, FISH Managing Director, commented: "My family has been in the seafood business for over three decades and has seen the continuous decline of wild caught seafood. Our company's future growth requires us to embrace best practices in aquaculture to ensure a sustainable long-term supply and we have been in search of a credible partner who understands the importance of top quality aquaculture practices and food safety. We are very excited by the opportunity to collaborate with Stevia Corp. and their partners in order to introduce a stevia supplemented aquaculture seafood program to our international customers."
George Blankenbaker, Stevia Corp. President, commented: "Sustainable farming practices are a key principal of Stevia Corp.'s mission and by working in concert with partners like Tech-New Bio-Technology under our recent Cooperative Agreement, we are able to easily develop and manage sustainable programs for both agriculture and aquaculture. We are honored that FISH has indicated their desire to enter into a mutually beneficial growth proposition, which provides an excellent international platform to promote Stevia Corp.'s sustainable programs and formulations enhanced with stevia."
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. For more information visit: www.steviacorp.us.
Stevia Corp. to Secure Markets for Feed Supplement
GLOBAL - Stevia Corporation, a US farm management company focused on the economic development of stevia, the fastest growing product in the alternative sweetener sector, has entered into a Letter of Intent with Fish International Sourcing House Pte Ltd ("FISH"), a Singapore registered international seafood company with processing facilities and offices in China, Hong Kong, Indonesia and Thailand.
by Lucy Towers