Sino Green Land to Supply Green Foods to East Timor Through Cooperative Agreement

NEW YORK, NY and GUANGZHOU, CHINA--(Marketwire - January 11, 2010) - Sino Green Land Corporation (OTCBB: SGLA), a leading distributor of high-end fruits and vegetables in China, today announced the signing of a cooperation agreement with local representatives in East Timor to supply green foods to East Timor, a Southeast Asian country with a population of 1.2 million people. Shipments of high quality fruits, vegetables and green foods are expected to commence in January 2010.

Mr. Anson Fong, Chairman, stated, "After extensive discussion and a thorough examination of our operations and facilities, we are pleased to announce this cooperation agreement with local representatives in East Timor to supply high quality fruits, vegetables and green foods to the country. These local representatives have close government relationships and resources that will support our penetration of the local market. By streamlining the import channels of East Timor through direct shipments from China, the price of fruits, vegetables and green foods provided by Sino Green Land would be very competitively priced, benefitting the local population. After penetration of the local market, Sino Green Land plans to cooperate with the Ministry of Agriculture of East Timor to develop a local plantation for green foods in East Timor where we will provide local farmers with support in terms of technology, planting, harvesting and marketing of green foods. This is an important geographic expansion for Sino Green Land and we are excited about the opportunity. We hope to develop a strong market presence in the region with the support of the local government and our goal is to achieve market share of approximately 25% in East Timor by the end of 2010."

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.

SOURCE: Sino Green Land Corp.

No comments:

Post a Comment