GLG Life Tech Corporation Announces New Sweet Success(SM) Line of Stevia Products
19 Gennaio 2010 - 3:58PM
Marketwired
GLG Life Tech Corporation (TSX: GLG)(NASDAQ: GLGL) ("GLG" or the
"Company"), the vertically integrated leader in the agricultural
and industrial development of stevia extracts, announces the launch
of Sweet Success(SM), a breakthrough new line extension of
high-grade stevia extract-based sweeteners. In addition to GLG's
existing portfolio of premier Rebaudioside A products, which
includes Rebpure(TM), Rebsweet(TM), and Anysweet(TM), the new Sweet
Success(SM) series will provide an attractive option for food and
beverage manufacturers seeking to use stevia sweetening systems to
create solutions for their customers in a more cost effective
manner. The launch will include a number of new products that are
expected to be available by March of this year.
The Sweet Success(SM) line is the result of several years of
research and development by GLG's leading technical team. The
series maintains the great taste, all natural and zero-calorie
advantages of stevia high intensity sweeteners on the market today
yet allows food and beverage manufacturers flexibility as it
relates to a cost of goods input. The proprietary formulas provide
stability and consistency, and fall under a total steviol
glycosides reading of 97% or greater, making them already
acceptable in global markets that follow the standards established
by the Joint Expert Committee on Food Additives (JECFA). GLG is
also seeking a GRAS no-objection letter from the FDA.
GLG Chairman and CEO Dr. Luke Zhang stated, "In the current
beverage market environment which is demonstrating tremendous focus
on new product development, GLG is committed to providing solutions
to help speed the ability for stevia based products to reach
shelves. Food and beverage companies know that they must offer
consumers more options in terms of lower calories, all natural
ingredients and healthier choices. Our Sweet Success(SM) line
provides a stable, great tasting sweetening system with the
advantages of earlier offerings, but at a price point that we
believe will allow the F&B industry a wider scope in
formulation."
The new product line is expected to be available in the second
quarter while customer sampling for trial testing will be available
as early as March.
About GLG Life Tech Corporation
GLG Life Tech Corporation is a global leader in the supply of
high purity stevia, 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 including Rebpure(TM),
Rebsweet(TM), and Anysweet(TM), make it the leading producer of
high purity, great tasting stevia extracts.
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.
Contacts: GLG Life Tech Corporation James Kempland VP Marketing
+1 (305) 967-8626 +1 (604) 641-1214 (FAX) info@glglifetech.com
www.glglifetech.com
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