GLG Life Tech Corporation Announces Government Support Strengthened After Visit to GLG & Tasting of AN0C Beverages
June 14 2011 - 6:30AM
GLG Life Tech Corporation (Nasdaq:GLGL) (TSX:GLG) ("GLG" or the
"Company"), the vertically-integrated leader in the agricultural
and commercial development of high quality stevia and all natural
and zero calorie food and beverage products, updates on an
important recent Government visit by senior government officials of
the Anhui Province to both GLG and AN0C production facilities in
the Anhui Province.
In recent days, Zhang Baoshun, the Party Secretary and chairmen
of the Standing Committee of the People's Congress of Anhui
Province, visited the stevia leaf processing operations of GLG in
Mingguang and tasted all of the AN0C tea drinks. Mr. Zhang
Baoshun was joined by the main leaders of Anhui Province, Chuzhou
City and Mingguang City. These government leaders included Yu
Xinrong- deputy governor of Anhui Province, Han Xiancong- the Party
Secretary of Chuzhou Municipal Committee of the CPC, and Li
Qinglin- the Party Secretary of Mingguang Municipal Committee of
the CPC.
The government leaders were shown GLG's development of stevia
planting and extracting in Anhui, and all of the AN0C tea drinks
and the national marketing and sales development of AN0C. This
visit marks one-year since Mr. Zhang Baoshun's first visit to
Xiaogang and he was pleased to see the parallel development in both
agriculture and industry where the first production line of an all
natural zero calorie beverage in China was put into
operation. Mr. Zhang Baoshun extended congratulations to the
AN0C team that the new healthier beverages which were independently
researched and developed by the Chinese taste like sugar and are
now available in the national market. He fully supported AN0C to
start national marketing and sales in China this year and he
expects AN0C to develop into the first branded health beverage and
foods.
AN0C's headquarters is located in Xiaogang and AN0C is the first
corporation in China to set-up its corporate headquarters in an
agriculture base such as Anhui. This is a very significant
milestone in China that will further rural economic
development. Xiaogang was the first village in rural land
reform and the establishment of the first national zero calorie
food and beverage business of AN0C is the important example of how
Xiaogang will lead the future development of rural economic
development.
GLG Chairman and CEO Dr. Luke Zhang stated, "Our AN0C business
has received very strong government support since our start-up and
this is now further evidenced by Party Secretary Zhang Baoshun's
visit to our GLG and AN0C operations. GLG, its Partner China
Agriculture and Healthy Food (CAHFC) and AN0C have developed a good
project in Xiaogang to help both local farmers as well as to help
develop the local economy, and it has been well recognized by the
government. Xiaogang is becoming the benchmark for the
development of the rural economy. The concept of developing
the market for an agriculture crop (stevia) and the parallel
development of a value added national business (AN0C) is what the
government sees as a key priority in order to drive rural economic
development and we expect to receive a lot more national attention
and support in the coming months. We are extremely pleased to
be a part of this rural economic development model for China."
About GLG Life Tech Corporation
GLG Life Tech Corporation (Nasdaq:GLGL) (TSX:GLG) is a global
leader in the supply of high purity stevia extracts, an all
natural, zero-calorie sweetener used in food and beverages. The
Company's vertically integrated operations cover each step in the
stevia supply chain including non-GMO stevia seed breeding, natural
propagation, stevia leaf growth and harvest, proprietary extraction
and refining, marketing and distribution of finished product. GLG's
advanced technology, extraction technique and premier, high quality
product offerings make it a leading producer of high purity, great
tasting stevia extracts. For further information, please visit
www.glglifetech.com.
The GLG Life Tech Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7994
About AN0C
AN0C focuses on the sale and distribution of all natural zero
calorie food and beverage products in China that are sweetened with
stevia provided by GLG Life Tech Corporation. GLG is a global
leader in the supply of high quality stevia extracts and holds an
80% controlling stake in AN0C with China and Healthy Foods Company
Limited (CAHFC) holding 20%. Dr. Luke Zhang, Chairman and CEO of
AN0C, is supported by an experienced team of senior executives
recruited from the beverage industry in China. For further
information, please visit www.an0c.com.
Forward-looking statements: This press release
contains certain information that may constitute "forward-looking
information" and "forward-looking statements" within the meaning of
applicable Canadian and United States securities laws. All
statements relating to plans, strategies, projections of results of
specific activities or investments, and other statements that are
not descriptions of historical facts may be forward-looking
statements. Forward-looking statements and information are
inherently subject to risks and uncertainties, and actual results
could differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to,
operational risks, the effects of general economic conditions,
changing foreign exchange rates and actions by government
authorities, uncertainties associated with legal proceedings and
negotiations, industry supply levels, competitive pricing pressures
and other risks and uncertainties disclosed in the public documents
filed by the Company with Canadian and United States securities
regulatory authorities. Forward-looking statements and information
may be identified by terms such as "may", "will", "should",
"continue", "expect", "anticipate", "estimate", "believe",
"intend", "plan" or "project", or similar terms or the negatives of
these terms. Although we believe that the expectations reflected in
the forward-looking statements and information are reasonable, we
cannot guarantee future results, levels of activity, performance,
or achievements. The Company's forward-looking statements and
information reflect the beliefs, opinions and projections on the
date the statements are made. The Company assumes no obligation to
update forward-looking information should circumstances or
management's estimates or opinions change, except as required by
law.
CONTACT: Sophia Luke
Vice President of Investor Relations
GLG Life Tech Corporation
+1 (604) 669-2602 Ext 104
ir@glglifetech.com
Glg Life Tech Corp (MM) (NASDAQ:GLGL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Glg Life Tech Corp (MM) (NASDAQ:GLGL)
Historical Stock Chart
From Jul 2023 to Jul 2024