HARBIN, China, Jan. 29 /PRNewswire-Asia-FirstCall/ -- China Green Material Technologies, Inc. (OTC Bulletin Board: CAGM; "the Company"), a Chinese leader in developing and manufacturing starch-based biodegradable consumer products, will enter the European Market by supplying disposable tableware including: disposable plates, bowls and cups. The Company expects to start deliveries in February 2010.
Mr. Su Zhonghao, CEO of CAGM, commented, "European consumers are among the most environmentally conscious consumers in the world, making Europe a key strategic market for China Green Material Technologies. We are proud to sell our advanced starch-based biodegradable consumer products into the European Market and will continue to expand our distribution network in this key market."
About China Green Material Technologies, Inc.
China Green Material Technologies, Inc. (OTC Bulletin Board: CAGM) is a China-based manufacturer of starch-based biodegradable consumer products. It offers various disposable tableware consumer goods, including cups, plates, bowls, knives, forks, and spoons, as well as food package and containers used at groceries and home. Headquartered in Harbin city of China, the Company currently has 128 employees. The Company has developed proprietary biodegradable food packaging materials technologies and applied for two patents.
Safe Harbor Statement
This press release contains certain statements that may include 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact: Lesley Jin
ARC China, Inc.
Tel: 86 (21) 6323 1717
Fax: 86 (21) 6323 5228
SOURCE China Green Material Technologies, Inc.