VENTURA, Calif., Sept. 17, 2012 /PRNewswire/ -- SGD Holdings
Ltd., (OTCBB: Pink Sheets-SGDH), EcoPaper.com, a wholly-owned
subsidiary of a SGD Holdings announces today that the Company has
posted its 2nd quarter financials on
www.otcmarkets.com.
Harry Johansing, CEO comments,
"The Company was able to renegotiate its interest rates to an
effective rate of 8%, per annum, and the due dates were extended on
a majority of the convertible promissory notes with the note holder
whereby reducing the interest costs saving the Company $94,330.00.
In an ongoing effort to reduce liabilities and strengthen the
Company's balance sheet, I personally exchanged $200,000.00 of debt to equity by the issuance of
31,496,062 shares of restricted common stock.
The Company revenues have increased to $46,817 an increase of $7,488 or approximately 19% for the quarter
ending June 30, 2012 versus the same
quarter in calendar year 2011."
Johansing further comments, "We have made great strides in
getting our brand in the corporate world regarding our eco-friendly
paper products and are zeroing in on landing several key contracts
in this calendar year, 2012."
More information is available about SGD Holdings Ltd., its
products and its operating subsidiary, Ecopaper, Inc., at
www.Ecopaper.com.
ABOUT SGD HOLDINGS LTD.:
SGD Holdings, LTD. (OTCBB: Pink Sheets-SGDH). In 1989, Eco
Paper, Inc. traveled to Costa Rica
and began the transformation away from tree used products and
created a way to use post consumer and agricultural waste as paper
using no chemicals, less water, and inks made from vegetable oil
and soy. Less harmful to the environment and is petroleum free,
Banana paper was born. EcoPaper, Inc. and Costa Rica Natural Paper
now produce 100%, tree-free, acid-free, eco natural paper and paper
products from all natural fibers. We use fibers from banana,
coffee, hemp, lemon and other exotic tropical agro-industrial
wastes thereby reducing the need of destroying our trees around the
world.
Product Mission: We make, distribute, and sell only the finest
environmental papers. We are continually committed to the use of
wholesome natural ingredients, and we promote business practices
that respect humanity, Earth, and the environment. We strive to
minimize, and eventually counteract, any negative impact on the
environment.
With the respect of all that surrounds us, Eco Paper and our
natural sustainable banana paper products use the best available,
least impactful technology to create for you, the consumer an
environmentally friendly product that we all can be proud of.
The Company encourages the public to read the above information
in conjunction with its year-end statement for December 31, 2011, and the quarterly statements
filed in calendar year 2012 and 2011, at www.OTC Markets.com.
The information contained in this press release may include
forward-looking statements. Forward-looking statements usually
contain the words "may," "could," "possibly," "feel," "estimate,"
"anticipate," "believe," "expect," or similar expressions that
involve risks and uncertainties. These risks and uncertainties
include the Company's uncertain profitability, need for significant
capital, uncertainty concerning market acceptance of its services,
competition, limited service facilities, dependence on
technological developments and protection of its intellectual
property. The Company's actual results could differ materially from
those discussed herein.
Contact:
SGD Holdings, Ltd.
Harry Johansing
Investor Relations
(805) 644-4462
www.ecopaper.com
SOURCE SGD Holdings Ltd.