SGD Holdings Ltd Announces the Completion of Common Share Buy Back 2,000,000 Shares purchased and returned to treasury
VENTURA Calif., Jan. 31, 2013 /PRNewswire/ -- EcoPaper.com, a wholly owned subsidiary of SGD Holdings LTD (OTC Pink: SGDH).
SGD Holdings, in an ongoing commitment to increase shareholder value, has completed the buy back of common shares from an accredited investor. Two million shares have been purchased and will be retired to the treasury. These shares were eligible for resale, and were purchased privately by SGD Holdings to protect shareholder value.
"In addition to building a company, our shareholder concerns are first and foremost. Loyalty is important to us as we grow and brand EcoPaper within the industry. Exciting times await us, and it's important that shareholders see we stick behind them 100%," says CEO Harry Johansing.
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
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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 SGDH at 805-644-4462
SOURCE SGD Holdings Ltd