GUANGZHOU, China, Sept. 27, 2011 /PRNewswire/ -- Sino Green Land Corporation, (OTCBB: SGLA) a leading distributor of high end fruits and vegetables in China, today announced that it plans to expand its business to include agricultural products from the United States. As an initial order, it shipped a container of organic apple juice in September 2011. Although this purchase does not represent a significant order, it will give the Company the opportunity to test the market in China for this product.
China has emerged as the largest importer of the US agricultural products. In 2010, it imported $17.5 billion of agricultural products from the US, accounted for 15.1% of total US exported agricultural products based on a report by USDA.
In February 2011, Sino Green Land imported two containers of US premium packaged foods which, Sino Green Land believes, were well received by the Chinese consumers. Mr. Xiong Luo, CEO and Chairman of the Company stated, "These trial orders help test the market. The domestic consumption trend for imported food products continues to grow and the demand for premium imported food is increasing at a double digit pace based on a report by the Statistics Bureau in China. We are excited about the expansion of our import operations and believe that there is a bright future and growth prospects in this new business venture."
Sino Green Land Corporation is interested in establishing partnerships with quality US suppliers to export food products to China. The management team will be in the US to visit US food suppliers for potential cooperation.
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 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. Our website is http://sinogreenland.com. Information on our website or any other website does not constitute a part of this press release.
Safe Harbor Statement
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" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the Company's Form 10-K annual report for the year ended December 31, 2010 and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Form 10-Q for the quarter ended June 30, 2011, as well as information contained in the Company's other filings with the SEC. The Company assumes no obligation to update any forward-looking statements, except as required by law.
CFO Sino Green Land Corporation
SOURCE Sino Green Land Corporation