Sino Green Land to Launch New China Green Foods Hub for Distribution of
Premium Foods Throughout China
NEW YORK and GUANGZHOU, China, Nov. 9 /PRNewswire-FirstCall/ -- Sino Green
Land Corporation (OTC Bulletin Board: SGLA), a leading distributor of high-end
fruits and vegetables in China, today announced the signing of a cooperative
agreement securing support from the Green Foods Development Center, which is
sponsored by Ministry of Agriculture, and approval from the municipal
government of Guangzhou, to construct a distribution center for green foods
covering 20 thousand square meters of floor space in Guangzhou, China. This
new distribution center, the China Green Foods Hub, is expected to begin
operating in the second half of 2010 and will be open to wholesalers,
retailers, and large corporate customers.
Mr. Anson Fong, Chairman, stated, "The green foods trend in China has been
growing rapidly over the past few years as more consumers seek out healthier
and more environmentally friendly foods. Price points on these types of food
are 20%-30% higher than conventional produce and the list of such foods now
totals over 17,000. As the Chinese economy continues to experience growth,
there is an expanding middle class interested in improving the quality of
their diets. It is for this reason that green foods have gained such
popularity in recent years and sales of these products have increased at a
compound annual growth rate of over 40% for the past five years."
Mr. Fong concluded, "We believe that Sino Green Land is in a unique position
to capitalize on this trend, especially given the fact that we are a council
member of the China Green Food Association, plus the strong support we have
received from Green Foods Development Center. Through our new China Green
Foods Hub, we will be able to procure green foods from all over China and
distribute green foods to the Pear River Delta, Hong Kong and Macao through
both wholesale and retail channels. The hub, itself, will be a shopping
experience and will showcase fine quality produce and other food items in a
way that will appeal to our customers. We already have a strong wholesale
distribution network in place as well as patented and efficient production
line processes, so we are in an ideal position to take on this exciting new
extension of our business."
About Sino Green Land Corporation
Sino Green Land Corporation is a leading agricultural distributor of high end
fruits and vegetables in the People's Republic of China. Since its inception
in 2003, Sino Green Land has grown from a small distributor of various produce
to become a large distributor of high end fruits such as: Fuji apples, emperor
bananas and tangerine oranges. In the process, Sino Green Land has built a
solid reputation, a sophisticated supply chain and a distribution network that
stretches from Beijing to Guangzhou.
Safe Harbor Statement
This press release may contain forward-looking statements. Such statements
include, among others, those concerning the company's expected financial
performance and strategic and operational plans, as well as all assumptions,
expectations, predictions, intentions or beliefs about future events. Readers
are cautioned that any such forward-looking statements are not guarantees of
future performance and that a number of risks and uncertainties could cause
actual results of the Company to differ materially from those anticipated,
expressed or implied in the forward-looking statements. The words "believe,"
"expect," "anticipate," "project," "targets," "optimistic," "intend," "aim,"
"will" or similar expressions are intended to identify forward-looking
statements. All statements other than statements of historical fact are
statements that could be deemed forward-looking statements. Risks and
uncertainties that could cause actual results to differ materially from those
anticipated include risks related to the company's ability to overcome
competition in its market; the impact that a downturn or negative changes in
the price of the company's products could have on its business and
profitability; the company's ability to simultaneously fund the implementation
of its business plan and invest in new projects; economic, political,
regulator y, legal and foreign exchange risks associated with international
expansion; or the loss of key members of the company's senior management; any
of the factors and risks mentioned in the "Risk Factors" sections of the
Company's amended current report on Form 8-K/A filed on April 24, 2009. The
Company assumes no obligation, and does not intend, to update any
forward-looking statements, except as required by law.
Contact:
Crescendo Communications, LLC
David Waldman or Klea Theoharis
Tel: (212) 671-1020
E-mail: sgla@crescendo-ir.com
SOURCE Sino Green Land Corporation
David Waldman or Klea Theoharis, both of Crescendo Communications, LLC ,
+1-212-671-1020, sgla@crescendo-ir.com
