Domino Sugar Enters into Stevia Market Through Collaboration With WILD Flavors GmbH and Sunwin International Utilizing Sunwin Stevia™Published in Featured Announcements on Tuesday, May 17, 2011
Domino Sugar and WILD to Offer the Broadest Sweetening Options for Taste, Price and Flavor Needs
ISELIN, NEW JERSEY, ZUG, SWITZERLAND and QUFU, CHINA , May 17, 2011– Domino Foods, Inc. (Domino Sugar), WILD Flavors GmbH (WILD) and Sunwin International (Sunwin) have entered into a collaboration agreement to support the food and beverage industry in the continuing health trend by offering sweeteners made from all natural products such as cane sugar, rice, malt and stevia in addition to sweetening systems that can include both natural and artificial sweeteners plus sophisticated flavor modifiers.
Domino Sugar and its affiliates produce and market sugar and other sweetener products through exceptional technical, engineering, and manufacturing knowledge. In addition to the most comprehensive assortment of refined cane sugar products, Domino Sugar provides brown rice syrup, evaporated cane juice, fondants, honey, invert sugar, malt, molasses, as well as flavor and texture modifiers. Domino Sugar has outstanding business relationships with many consumer goods manufacturers, retailers, foodservice operators and distributors.
WILD provides natural flavor and ingredient systems as well as individual components including: natural flavors, extracts, natural colors, concentrates, sweetening systems, specialty ingredients and seasonings for the food and beverage industry. WILD has a broad range of natural products, vast experience and knowledge in providing unique, complete system solutions that create great taste, functionality and value for their customers. WILD also has strengths in the healthy and natural arena through its functional flavors, healthy ingredients, taste modifiers, and fermentation technologies. WILD Flavors' competencies are based on technologically advanced product development and quality production processes as well as their reputation and position in the global food and beverage market.
Sunwin International Neutraceuticals, Inc. (OTCBB: SUWN) is one of the leading global suppliers of stevia and is committed to sustainable production and supply of the widest range of high quality stevia extracts available. WILD has aligned itself as a strategic stakeholder with Sunwin to allow for the consistent supply of Sunwin Stevia™, world-class quality and production capabilities that allow for the utilization of specific taste modification technologies in the creation of great-tasting products that are of the highest purity and quality available in the industry.
“With our strength and breadth in natural sweeteners, we are very excited about the opportunity to create new blends and offer the healthy benefits of stevia to consumers,” stated Mr. Brian F. O’Malley, President and Chief Executive Officer of Domino Sugar. “As we continue to focus on our customers’ demands to provide competitive and natural solutions for their sweetener solutions, Sunwin International and WILD Flavors are the perfect partners and leaders in the stevia industry, as well as innovators in the use of stevia with other ingredients to create great tasting food and beverages.”
Mr. Michael Ponder, Global Chief Executive Officer of WILD Flavors GmbH commented, “With Domino Foods and its affiliates as suppliers of sugar and sweetening systems, WILD, Domino and Sunwin will benefit from the systems approach to drive the growth of the stevia market meeting the consumers’ growing interest for calorie reduction and “naturalness.” WILD has invested substantial time and technical efforts for several years to develop proprietary taste modification technologies for stevia, sugar, and artificial sweeteners, and looks forward to working with Domino and Sunwin for mutual worldwide opportunities for our companies’ and customers.”
Mr. Laiwang Zhang, Chairman of Sunwin International stated, “Two years ago we created a partnership with the greatest flavor innovation company in the world in WILD Flavors. Now, we are collaborating with the most recognized leader in the sugar industry in Domino Sugar. Through quality, innovation and teamwork, our three companies will create great tasting, all natural, sweetener solutions for consumer product companies who are focused on satisfying the latest consumer trends. We are excited about the future opportunities we will encounter together.”
About Domino Foods, Inc.
Headquartered in Iselin, NJ, Domino Foods, Inc. is the largest marketer of refined sugar in the U.S. The company is responsible for the sales, marketing and logistics (including the order to cash cycle) for the output of the American Sugar Refining, Inc., C&H Sugar Company, Inc., and Okeelanta Corporation (a subsidiary of Florida Crystals Corporation). The company sells through five distribution channels (Industrial, Grocery, Foodservice, Specialty and Export). Products are sold with the following trademarks --Domino®, C&H® and Florida Crystals®.
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.
About Sunwin International Neutraceuticals, Inc.
Sunwin International Neutraceuticals, Inc. engages in the areas of essential traditional Chinese medicine and zero calorie 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 www.sunwininternational.com.
Safe Harbor Statement
Sunwin 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 guidance and expectations regarding revenues, net income and earnings.
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, 2010.