Thursday, March 25, 2010

Sunwin International Neutraceuticals Inc. (SUWN.OB) Gets Sweet Deal from FDA

Sunwin International Neutraceuticals Inc., a leading global provider of high quality stevia extracts, and business partner WILD Flavors Inc., a leading global provider food, beverage and flavor product development, have received official Letters of No Objection from the U.S. Food and Drug Administration (FDA), giving the companies affirmation of the safety of Sunwin’s Stevia extracts.

The FDA grants Generally Recognized As Safe (GRAS) letters after reviewing a company’s independent research, acknowledging no objection to the safety and data supporting that determination.

Sunwin’s Stevia Extracts entered the U.S. marketplace in 2006. Sunwin Stevia Extracts, as well as the company’s proprietary OnlySweet™ brand tabletop sweetener, are sold in more than 2,500 U.S. retail stores and major online outlets.

The FDA’s decision affects the entire stevia industry, providing many new opportunities for the use of stevia in food and beverage products. The approval specifically benefits Sunwin and WILD Flavors’ business strategy.

“We believe the affirmations by the FDA are a major advancement in the stevia industry, allowing Sunwin and WILD Flavors to provide customers the broadest range of FDA affirmed stevia extract rather than a single product choice,” Mike Ponder, CEO of WILD Flavors stated in the press release. “Together, we can now offer major global food and beverage companies all natural, low-calorie or no-calorie sweetening system solutions that take advantage of WILD’s technical expertise. By using the combination of all natural flavors and carefully selected grades of Sunwin Stevia Extracts, we can create sweetening systems to meet our customers’ specific needs. We offer all Sunwin Stevia Extracts at highly competitive prices to companies seeking these products and are poised to create better products and complete solutions for the consumer.”

Chairman Laiwang Zhang of Sunwin said the GRAS determination will enable the company to pursue more companies wanting to use Sunwin’s extracts in their own produts.

“These FDA letters of no objection to our GRAS claims, follow an extensive review of all of the data for our production processes and the overall quality of our stevia products which are currently sold in many international locations where we are a major stevia supplier. We believe these affirmations provide all consumer packaged goods companies the confidence to now fully embrace the use of multiple Sunwin Stevia Extracts in their products destined for U.S. stores. Through our partnership with WILD Flavors, there are numerous companies already utilizing Sunwin Stevia Extracts in conjunction with WILD’s proprietary sweetening systems. The potential to increase this list of companies expands significantly with full FDA affirmation, including a number of companies presently exploring additional products with Sunwin and WILD Flavors.”

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