SGD Holdings, Ltd. is in Receipt of All Payments for Fulfilled Orders in Excess of $3M
30 Julho 2010 - 7:45AM
SGD Holdings, Ltd. (Pink Sheets:SGDH), owner of revolutionary
tree-free paper manufacturer EcoPaper, today announced that the
company is in receipt of the second and third scheduled payments
associated with its successful fulfillment of orders placed for
company products in excess of $3 million. The payments, as reported
in June, 2010, were received on schedule for product delivered in
the second quarter of 2010.
The payments resulted in total revenues of $3,262,788.20 for
this delivery. As previously reported, the first payment in
the amount of $617,502.71 was received in June, 2010. The
second scheduled payment for delivered goods was in the amount of
$910,485.45 and received by SGD Holdings on July 8, 2010. The
third scheduled payment for delivered goods was in the amount of
$1,679,075.75 and was received by SGD Holdings on July 13,
2010.
"We are enthusiastic about the continued growth and success of
EcoPaper and EcoFriends," said Harry Johansing, CEO of SGD
Holdings, Ltd. and its subsidiaries. "Our ability to reliably
deliver unique and high-quality product lines in a timely manner,
and to collect payment in a similarly timely manner, fortifies our
position as a formidable force in the authentic tree-free paper
industry, and further confirms the growing consumer confidence in
our product lines and corporate culture."
About SGD Holdings, LTD. SGD Holdings, LTD.
(Pink Sheets:SGDH) is a holding company which owns and
operates,
through its wholly-owned subsidiary, EcoPaper, Inc.
(http://www.ecopaper.com.) Through internal research and
development, as well as through acquisition, the company aspires to
create and acquire new technologies, products and methodologies
which have the potential to positively impact the
environment. For more information regarding SGD Holdings,
Ltd. e-mail ir@ecopaper.com.
About EcoPaper, Inc.
After developing an innovative and an economically feasible
option for removing a portion of the more than 230,000 tons of
agro-industrial waste generated annually by Costa Rica alone,
EcoPaper, Inc. became among the first companies worldwide to create
and implement processes for manufacturing and bringing to market
tree-free, eco-friendly, beautiful, sustainable paper products of
superior quality created from exotic tropical fibers. Founded
by Harry Johansing, EcoPaper is proud that every sheet of EcoPaper
product is smooth, acid-free, durable, chemical-free, and caringly
manufactured. For more information regarding EcoPaper, Inc.
visit www.EcoPaper.com or ir@ecopaper.com.
Forward-Looking Statements: 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.
Harry Johansing
805-644-4462
SGD (PK) (USOTC:SGDH)
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