WILD anticipates the trend towards all natural, low-or no calorie food and beverage products to continue and expects stevia to continue to gain its popularity. WILD will work diligently with each client to select a sweetener system that will best complement its beverages and foods to create the optimal flavor profile.
"We are very excited about the portfolio of sweeteners developed by WILD using Suwin Stevia™ extracts;" commented Dongdong Lin, CEO of Sunwin Stevia International, "We believe that with WILD's expertise in flavor enhancement and their dominance in this space, both our companies are uniquely positioned to capitalize on the growing market trends toward healthier and natural food and beverage products. We are confident this will help Sunwin to further enhance our position as a leader in the stevia industry."
About WILD Flavors GmbH,
WILD Flavors GmbH, based in Zug, Switzerland, is one of the world's leading privately-owned manufacturers of natural ingredients for the food and beverage industry. WILD Flavors provides specific flavors, colors, and ingredients as well as innovative and great tasting concepts through application expertise and technological advancements. For more information about WILD, please visit: www.wildflavors.com or www.wild.de.
In August Suwin Stevia announced that it entered into a worldwide stevia distribution agreement with Wild Flavors GmbH ("collectively "WILD").
Under the terms of the agreement, WILD is granted the non exclusive worldwide right as a distributor to market and resell all stevia products manufactured by Sunwin and use of all trademarks. In conjunction with the agreement, WILD also acquires an additional 7.67 million shares in exchange for its stake in Sunwin USA and granting Sunwin exclusive ownership of certain flavor formulations for use with Sunwin's stevia extracts developed by WILD. In light of the new distribution agreement, both parties have agreed to terminate the previous distribution agreement between WILD Flavors, Inc. and Sunwin USA.
About Sunwin Stevia International, Inc.
Sunwin Stevia International, Inc. engages in the areas of zero calorie, all natural sweeteners (Sunwin Stevia™ Extracts). 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. For more info about Sunwin, 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 ability to return our revenues to historical levels, our dependence on continued market acceptance of our products, competition, our ability to control our raw material costs, risks associated with operating in China, and other risk factors impacting our company, some of which may be beyond our control. 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.
Published at Investorideas.com Newswire
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