SGD Holdings, Ltd. Subsidiary Ecopaper, Inc. Receives Order From a North American Client for More Than $3 Million U.S. Dollars
08 Março 2010 - 3:00AM
SGD Holdings, Ltd. (Pink Sheets:SGDH) wholly-owned subsidiary
Ecopaper, Inc. announced today it has finalized a contract for more
than $3 million U.S. dollars with a North American client. The
client purchased a variety of paper types and full payment is
expected within approximately 60 days. Production for this order is
already in motion, going well, and slated for an April 2010
delivery. The company is working diligently to obtain additional
orders this year from the same client. CEO Harry Johansing
comments, "This is an exciting time for the company and the 1st
quarter of 2010 is off to an outstanding start."
As previously stated, the company is preparing 2009 financials
and plans to release them in the near future.
About Ecopaper, Inc.
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 for consumers in new textures and
tones, using waste materials from exotic tropical fibers. The
results of processing these exotic tropical fibers are items that
both appeal to the consumer and positively impact the
environment.
About SGD Holdings, Ltd.
SGD Holdings, Ltd. is a holding company which owns and operates
through its wholly-owned subsidiary Ecopaper, Inc.
(http://www.ecopaper.com/). Its goal is to acquire new technologies
which can positively impact the environment either through internal
development or by acquisition.
Forward-Looking Statement: The statements in the press release
that relate to the Company's expectations with regard to the future
impact on the Company's results from acquisitions or actions in
development are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The
statements in this document may also contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions
identify such forward-looking statements. Forward-looking
statements are subject to risks, uncertainties, and other factors
that could cause actual results to differ materially from those
contained in such statements. Such risks, uncertainties, and
factors include, but are not limited to, future capital needs,
changes, and delays in plans and schedules, or market acceptance.
SGD Holdings, Ltd. undertakes no duty to update these
forward-looking statements.
CONTACT: SGD Holdings, Ltd.
Paul Westenberger
302-200-SGDH
paul@ecopaper.com
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