Hammer News
Sunwin International Neutraceuticals, Inc.: SUWN in Contract to Supply 120 Tons of Premium Stevia Valued at $4 to $5 Million
7/2/2007
Qufu, China, Jul 02, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Sunwin International Neutraceuticals, Inc. (OTCBB: SUWN), a leader in the production and distribution of Chinese herbs, veterinary medicines and one of the world's leading producers and distributors of all natural, zero calorie Stevia in China, announced today that it has entered into a contract to sell 120 tons of premium stevia to be manufactured at its new facility to a South Korean company. Sunwin has completed the first production run at its new premium stevia facility and is satisfied that the quality and control of the new facility met all of the company's expectations. Sunwin intends to begin full production operations beginning July 1.
The contract with the South Korean company to supply 120 tons of the premium stevia is valued at $4 to $5 million and is scheduled to be delivered over the next 12 months at a rate of about 10 tons per month. The order accounts for 40% of the designed production capabilities of newly built facility.
The new facility uses proprietary technologies developed by Sunwin to process the seed of the Stevia rebaudiana plant, enabling the company to produce what it believes to be one of the highest-grade stevia extract ever produced. In addition, Sunwin's scientists have developed proprietary technologies for stevia purification and production in order to further insure consistency in the quality of stevia delivered by Sunwin.
Sunwin anticipates additional production from the facility will be utilized to support Sunwin's new product offerings, marketed under the trademark name "OnlySweet" in North America, scheduled to be available in the second quarter of 2007 through over 3,000 grocery stores in the U.S.
Laiwang Zhang, President, and Chairman of Sunwin International Neutraceuticals, commented, "We are very pleased that our newly constructed facility is now operational to produce our premium stevia. The worldwide demand for our premium stevia continues to grow and management foresees additional facility expansion in the near future, as we plan to meet expected demand from the usage of Stevia in the beverage and food industries in the U.S. in 2008 and beyond. We believe our all natural, zero calorie stevia will become a mainstay sweetener throughout the world and we intend to be well positioned to be the leading producer in this rapidly growing industry"
About Sunwin International Neutraceuticals, Inc.
Sunwin International Neutraceuticals (OTCBB: SUWN) engages in the areas of essential traditional Chinese medicine, zero calorie natural sweetener (Stevia), and veterinary medicines and feeds prepared from 100% organic herbal ingredients. As an industry leader in agricultural processing, Sunwin has built an integrated global firm with the sourcing and production capabilities to meet the needs of consumers throughout the world. Sunwin also makes such value-added products as specialty veterinary food ingredients and specialty feed ingredients. For more info about Sunwin, please visit www.sunwin.biz About OnlySweet OnlySweet is a proprietary product blended with Stevioside (stevia), a natural sweetener, extracted from the leaves of the Stevia rebaudiana plant. OnlySweet is distributed through Sunwin Stevia International Corp. It is used as a food additive in a wide variety of products, such as beverages, pastries, dairy products, confections, and medicinal products in Japan, China, Malaysia, Israel, South Korea, Brazil, and other countries. In the United States, OnlySweet is a dietary supplement sold in boxes of 100 and 200 sachets. It has zero calories and does not significantly alter blood sugar levels. OnlySweet is unique because its stevia only comes directly from Sunwin International Neutraceuticals (OTCBB: SUWN), one of the world's largest stevia manufacturers, assuring consistency and purity.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: Steven Silbert, Executive Vice President Tel: +1 954 724 2944 e-mail: ssilbert@onlysweet.com
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