Qufu, China, September 13, 2006 (Market Wire) - Sunwin International Neutraceuticals, Inc. (OTCBB: SUWN), a leader in the production and distribution of Chinese herbs, veterinary medicines and low calorie sweetener (Stevia) in China, announced today it has started to build up brand new Stevia manufacturing facilities that will make 300 tons premium Stevia per year.
We have developed proprietary technologies for the seed of the Stevia rebaudiana plant and the production of Stevia. The newly produced Stevia will provide much better taste than any other Stevia in the market place. The newly produced Stevia provides the real sugar experience without the apparent bitterness. The demand for premium Steiva has been strong and the price for premium Stevia has been increased to $50,000 per ton, compared to $28,000 to $30,000 per ton for regular Stevia.
We started to build the new manufacturing facilities of 47,000 square feet in August. We have purchased $1.5 million of equipment for the production line. We expect to complete the facilities by December 31, 2006. Upon the completion, we will perform the trial production. We expect to reach a full production in the spring of 2007. We should generate approximately $15 million in annual sales with 30% in net income from the new manufacturing facilities.
Laiwang Zhang, President and Chairman of Sunwin International, commented, "We are very excited about launching this new project. When we complete the project, our total Stevia production capacity will reach 600 tons of Stevia per year. We believe we could be the No.1 producer of Stevia in the world. We have seen substantially increased demand from Europe and Far East countries, such as Malaysia, Thailand, India and Singapore. In addition, we are in the final stage of preparation of launching sales of our own brand (Only Sweet TM) in the U.S. We believe our sales of Stevia Division alone could reach $40 to $50 million in the next 18 to 24 months."
About Sunwin International Neutraceuticals, Inc.
Sunwin International Neutraceuticals, Inc. (OTCBB: SUWN) is engaged in the areas of essential traditional Chinese medicine, low-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. The Sunwin family works closely with consumer to provide a quality and a hybrid mix of agricultural products and services that meet growing demand. For more info about Sunwin, please visit http://www.sunwin.biz
Safe Harbor Statement
Certain of the statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Reported results should not be considered as an indication of future performance. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission.
Contact:
Tel: 1-877-CHINA-57
Email: info@sunwin.biz |