ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

SGLA Summit Ger Assd

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Summit Ger Assd LSE:SGLA London Ordinary Share GG00B3QTYV06 ORD NPV (ASSD UNIFINTER ADMIN CSH)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sino Green Land to Launch New China Green Foods Hub for Distribution of Premium Foods Throughout China

09/11/2009 12:44pm

PR Newswire (US)


Summit Ger Assd (LSE:SGLA)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Summit Ger Assd Charts.
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,

Copyright

1 Year Summit Ger Assd Chart

1 Year Summit Ger Assd Chart

1 Month Summit Ger Assd Chart

1 Month Summit Ger Assd Chart

Your Recent History

Delayed Upgrade Clock