Sino Green Land Corp (SGLA)

[10 bagger]

SGLA.. Private placement.. $0.20

On the surface I don't like it but Neither warrants nor registration rights were part of the agreement... I think owning it close to the PP is a slam dunk.. Too bad I own 61,888 $0.10 higher.. hank


Sino Green Land Corporation Completes $3.4 Million Private Placement

NEW YORK and GUANGZHOU, China, May 27, 2010 (GlobeNewswire via COMTEX) -- Sino
Green Land Corporation (SGLA), a leading distributor of high end fruits and vegetables in China, today announced that it completed a $3.4 million private placement with a group of accredited investors, led by T Squared Investments LLC ("T Squared Partners"). Sino Green Land issued 17 million shares of common stock at $0.20 per share. Neither warrants nor registration rights were part of the agreement.

Mr. Anson Fong, Chairman and CEO of Sino Green Land, commented, "We appreciate the continued support of T Squared Partners and the other investors in this transaction. T Squared Partners had provided us an earlier round of financing in
August 2009, and we believe their willingness to reinvest at higher prices reinforces the progress our company has made in less than a year. This funding will help accelerate the build out of our new China Green Food Distribution Hub, which remains on track to open in the second half of 2010. The distribution hub
will be the first of its kind to centralize distribution of green foods in China, and we are uniquely positioned to accomplish this task by leveraging the procurement network of the China Green Food Association and its more than 6,000 members."

Mark Jensen, Co-Founder and Portfolio Manager of T Squared Partners, stated, "Sino Green Land management has consistently executed on all their stated plans, and we are pleased to provide this second round financing to help complete construction of the China Green Food Distribution Hub. Sino Green Land has already established itself as a leading distributor of high end fruits and
vegetables in China; and now, through strong support from the China Green Food Development Center and the China Green Food Association, we believe the company will quickly establish its dominance as the leading supplier of green foods across China."

Complete details of the private placement transaction are available on the company's form 8-K filed with the Securities Exchange Commission on May 27, 2010.

The securities sold in the private placement have not yet been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States in the absence of an effective registration statement or exemption from registration requirements. This news release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

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.

About T Squared Partners

T Squared Partners is a fundamentally-oriented private investment firm focusing on special situation and value growth oriented micro-cap public and private companies. The Fund's philosophy is to work with companies to enhance their shareholder value through friendly investment structures in addition to providing
industry leading strategic advice. T Squared Partners provides its companies with capital for the following objectives: expansion capital, working capital, acquisition capital and restructuring capital.

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. This news release was distributed by GlobeNewswire, http://www.globenewswire.com

SOURCE: Sino Green Land Corporation
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