Sino Green Land to Launch New China Green Foods Hub for Distribution of Premium Foods Throughout China
09 Novembro 2009 - 10:44AM
PR Newswire (US)
NEW YORK and GUANGZHOU, China, Nov. 9 /PRNewswire-FirstCall/ --
Sino Green Land Corporation (OTC:SGLA) (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: DATASOURCE: Sino Green Land Corporation CONTACT:
David Waldman or Klea Theoharis, both of Crescendo Communications,
LLC , +1-212-671-1020,
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