Wednesday, February 16, 2011 8:25:44 AM
New alert is SGDH - SGD Holdings, Ltd.
http://www.ecopaper.com/
http://www.sheetsofgreen.com/
Good Morning Traders! Lots of chatter about SGDH so far this week as it closed up 12% yesterday on light trading. The market loves ecofriendly products and SGDH is right on top!
Latest News: SGD Holdings, Ltd. Announces Preliminary 2010 Results
http://www.otcmarkets.com/stock/SGDH/news
VENTURA, CA, Jan 20, 2011 (MARKETWIRE via COMTEX) -- Ecopaper.com, a subsidiary of SGD Holdings, Ltd. (PINKSHEETS: SGDH) today announced sales of $3,444,945 for the year ended December 31, 2010, compared to sales of $84,697 for the same period last year, an increase of 3967% a record sales level for the Company. The 2010 results presented in this release are based on preliminary financial data and are subject to change until the year-end financial close process is complete. The Company attributed these strong sales increases to the Company's diversification by entering into the sales of raw materials. The increases were across the board with sales to EOM companies for office product supplies and manufacturing. As a result of increased sales and carefully managed costs, the Company projects stronger increase in profitability and increased sales coupled with appropriate cost controls as the Company grows in 2011.
According to Harry Johansing, CEO, "We are extremely pleased with these record revenues. We invested in globalizing the business during the downturn, and now over two-thirds of our sales are due to OEM manufacturers. In addition, the successful product diversification of our proprietary technology into new market niches has played a major role in our organic growth. We recently announced entering into a letter of intent to purchase Aclor, Inc. in order to have adequate expansion space for current and longer term staffing and manufacturing requirements. We anticipate another strong year in terms of sales and income."
Business Description
SGD Holdings through its wholly owned subsidary, EcoPaper, Inc. is the first company in the history of the paper industry to create and market treeless paper of a superior quality. Every page of EcoPaper is smooth, acid-free, durable, chemical-free, and made in Costa Rica . EcoPaper, Inc. has developed an innovative and economically feasible option for the potential removal of 230,000 tons of agro-industrial waste that are dumped yearly in Costa Rica alone. The company's challenge is to invent new processes and create paper from exotic tropical fibers from waste materials in new textures and tones for consumers. The results of processing these exotic tropical fibers are items that both appeal to the consumer and positively impact the environment.
CHART:
http://www.ecopaper.com/
http://www.sheetsofgreen.com/
Good Morning Traders! Lots of chatter about SGDH so far this week as it closed up 12% yesterday on light trading. The market loves ecofriendly products and SGDH is right on top!
Latest News: SGD Holdings, Ltd. Announces Preliminary 2010 Results
http://www.otcmarkets.com/stock/SGDH/news
VENTURA, CA, Jan 20, 2011 (MARKETWIRE via COMTEX) -- Ecopaper.com, a subsidiary of SGD Holdings, Ltd. (PINKSHEETS: SGDH) today announced sales of $3,444,945 for the year ended December 31, 2010, compared to sales of $84,697 for the same period last year, an increase of 3967% a record sales level for the Company. The 2010 results presented in this release are based on preliminary financial data and are subject to change until the year-end financial close process is complete. The Company attributed these strong sales increases to the Company's diversification by entering into the sales of raw materials. The increases were across the board with sales to EOM companies for office product supplies and manufacturing. As a result of increased sales and carefully managed costs, the Company projects stronger increase in profitability and increased sales coupled with appropriate cost controls as the Company grows in 2011.
According to Harry Johansing, CEO, "We are extremely pleased with these record revenues. We invested in globalizing the business during the downturn, and now over two-thirds of our sales are due to OEM manufacturers. In addition, the successful product diversification of our proprietary technology into new market niches has played a major role in our organic growth. We recently announced entering into a letter of intent to purchase Aclor, Inc. in order to have adequate expansion space for current and longer term staffing and manufacturing requirements. We anticipate another strong year in terms of sales and income."
Business Description
SGD Holdings through its wholly owned subsidary, EcoPaper, Inc. is the first company in the history of the paper industry to create and market treeless paper of a superior quality. Every page of EcoPaper is smooth, acid-free, durable, chemical-free, and made in Costa Rica . EcoPaper, Inc. has developed an innovative and economically feasible option for the potential removal of 230,000 tons of agro-industrial waste that are dumped yearly in Costa Rica alone. The company's challenge is to invent new processes and create paper from exotic tropical fibers from waste materials in new textures and tones for consumers. The results of processing these exotic tropical fibers are items that both appeal to the consumer and positively impact the environment.
CHART:
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