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Sino Green Land Announces Launch and Expansion of Green Food Exports to Australia
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June 23, 2010 9:22 AM EDT
NEW YORK and GUANGZHOU, China, June 23, 2010 (GLOBE NEWSWIRE) -- Sino Green Land Corporation (OTCBB: SGLA), a leading distributor of high-end fruits and vegetables in China, today announced it has commenced and subsequently expanded its export of Green Foods into Australia following a successful trial order with local distribution partner(s). Green Foods are healthy and environmentally friendly foods that meet strict standards set by the China Green Food Development Center, under the direct supervision from China's Ministry of Agriculture.
Mr. Anson Fong, Chairman and CEO, stated, "We are excited to announce the launch and expanded distribution of Green Foods in Australia following a very successful trial order with our local distribution partners. We see Australia as a sizeable new market, ripe for expansion. In 2009, gross exports of Green Foods reached more than $2 billion and in the past 5 years, Green Food exports from China have increased at more than a 40% compound annual growth rate. The Green Food designation is an important standard set by China's Ministry of Agriculture, and recognized by over 40 trade partner countries. Through our relationship with the China Green Food Association we have access to distribute over 17,000 food items from more than 6,000 producers. As a result, we are able to offer competitive pricing on these foods, which meet the highest standards, including meats, fruits, vegetables, teas, spices, seafood, soft drinks, frozen foods, and much more. We look forward to developing a strong market presence in Australia with the support of our local partners."
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.
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, regulatory, 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 10K/A filed on April 30, 2010. 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
Vivian Huo
(212) 671-1020
sgla@crescendo-ir.com
