Sino Green Land Announces Ground Breaking for Construction of Green Food Distribution Hub
23 11월 2009 - 11:59PM
PR Newswire (US)
NEW YORK and GUANGZHOU, China, Nov. 23 /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 ground breaking for construction of the
company's China Green Food Distribution Hub located in the
Guangzhou Yuncheng Wholesale Market, now that the Municipal
Government of Guangzhou has given its approval. The hub will cover
20 thousand square meters of floor area and will cater to both
wholesale and retail customers. Mr. Anson Fong, Chairman, stated,
"Today marks an important milestone for Sino Green Land as we
implement the next phase of our growth strategy and pave the way
for product and distribution expansion. Our business currently
comprises the distribution of high end fruits, such as Fuji apples,
emperor bananas and tangerine oranges through two wholesale markets
in Beijing and Guangzhou. Our new distribution center, which is
expected to open in the second half of 2010, will enable us to
distribute green foods, a high growth segment within the food
category in China. We will be able to offer a broad array of these
high margin healthy foods by utilizing the procurement network of
the China Green Food Association. This new platform will enable us
to distribute produce to the Pearl River Delta, Hong Kong and
Macao." 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. 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, regulatory, 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: Crescendo Communications, LLC, David Waldman
or Klea Theoharis, +1-212-671-1020,
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