China Green Material Technologies, Inc.(fka CAGM)

[BiotechValues]

NEWS: China Green Material Technologies, Inc. Wins a Supply Contract for up to $6.0 Million with Zhengzhou Synear Food Co., Ltd.

HARBIN, China, Feb. 11 /PRNewswire-Asia/ --

China Green Material Technologies, Inc. (OTC Bulletin Board: CAGM; "CAGM" or "the Company"), a Chinese leader in developing and manufacturing starch-based biodegradable fast-moving consumer goods packaging, today announced that the Company was awarded a contract by Zhengzhou Synear Food Co., Ltd. to supply Synear with packaging containers for its frozen food products. Under the terms of the agreement, Synear will source up to US$6.0 million of products from CAGM during 2010. Gross margins associated with this contract are expected to be similar to the Company's existing margins.

Established in 1997, Zhengzhou Synear Food Co., Ltd. is one of the leading producers of frozen food products in China, with extensive sales and distribution networks in more than 20 provinces. The Company's products, including dumplings, buns, noodles, and pies, etc., are sold in retail stores, convenience shops and supermarket chains all over China. Synear brand was voted as one of "China's Top 500 Most Valuable Brands" for five consecutive years from 2004 to 2008. Synear was also ranked No. 27 out of 50 companies listed in the 2008 "China's Top Brands Awards" by World Brand Lab in December 2008 and was selected as the exclusive supplier of frozen food products to the Beijing 2008 Olympic Games. Synear is listed on the Singapore Exchange Main Board under SYNF SP.

Mr. Su Zhonghao, CEO of CAGM, commented, "We are pleased to have been chosen as the winner of this large Synear contract. Last year, we supplied only $73,000 worth of goods to the Company and this year, we are pleased to have secured one of the largest orders since inception. Our starch-based biodegradable tableware products have passed rigorous food safety inspections at Synear and meet its stringent quality standards. Our ability to secure a contract of this size further exemplifies our position as a trusted provider of environmentally sound products to a rapidly growing market."

About China Green Material Technologies, Inc.

Website: http://www.21cgmt.com/