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Sino Green Land Announces Ground Breaking for Construction of Green Food Distribution Hub
NEW YORK and GUANGZHOU, China, Nov. 23 /PRNewswire-FirstCall/ -- Sino Green Land Corporation (OTC 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: sgla@crescendo-ir.com
SOURCE Sino Green Land Corporation
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