FIVE POINTS, California - August 8, 2012 - S&W Seed
Company (Nasdaq: SANW) today announced it has commenced its
commercial harvest of stevia in 2012. The company's
agronomists anticipate that at least one additional stevia
leaf harvest will be completed during calendar year 2012 on
its initial 114-acre field in Chowchilla, California. This is
the second year that stevia leaf will have been produced from
the Chowchilla farmland, which was planted in calendar year
2011. After harvest, the stevia leaf will be dried and
prepared for shipment at the company's processing facility in
Five Points, California.
The company recently planted a second generation field of
approximately 150 additional acres using a selection of
varieties that it believes may have characteristics superior
to those of the first generation planting on the Chowchilla
As a key component of its stevia development program, the
company continues to utilize a portion of the Chowchilla
location for research and development activities, including
various harvesting techniques, while using a majority of the
acreage for commercial purposes. The company will harvest
75% of the field during this first harvest and anticipates
harvesting 100% of the 114-acres during a second harvest to
be completed later this fall.
Mark Grewal, chief executive officer of S&W Seed Company,
commented, "Our stevia program continues to make progress.
This is the second harvest from the same stevia plants which
reaffirms our belief that, unlike China, the California
climate is suited for harvests on a multiple year basis.
Additionally, we continue to gain valuable insight as our
agronomists experiment with various planting and harvesting
techniques. As we pioneer commercial stevia production in
California, we are heartened by overcoming the various
challenges that arise. The developmental knowledge and
experience gained should serve S&W well into the future."
About S&W Seed Company
Founded in 1980 and headquartered in the Central Valley of
California, S&W Seed Company is a leading producer of warm
climate, high yield alfalfa seed varieties, including
varieties that can thrive in poor, saline soils, as verified
over decades of university-sponsored trials. S&W also offers
seed cleaning and processing at its 40-acre facility in Five
Points, California and has recently launched a business
expansion initiative centered on its plan to mass produce
stevia leaf in the U.S. in response to growing global demand
for the all-natural, zero calorie sweetener from the food and
beverage industry. For more information, please visit www.swseedco.com.
Safe Harbor Statement
This release contains "forward-looking statements"
within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended and such forward-looking
statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future
plans, results, or strategies, including statements regarding
the potential success of the Company's stevia program, and
are generally preceded by words such as "may,"
"future," "plan" or "planned,"
"will" or "should," "expected,"
"eventually" or "projected." You are
cautioned that such statements are subject to a multitude of
risks and uncertainties that could cause future
circumstances, events, or results to differ materially from
those projected in the forward-looking statements, including
the risks that actual results may differ materially from
those projected in the forward-looking statements as a result
of various factors and other risks identified in the
Company's 10-K for the fiscal year ended June
30, 2011, and other filings made by the Company with the
Securities and Exchange Commission.