GLG Life Tech Corporation Announces New Distribution Agreement for Middle East and Africa With Orkila Holding S.A.L.
14 Dicembre 2012 - 6:24PM
GLG Life Tech Corporation (TSX:GLG) ("GLG" or the "Company") a
global leader in the agricultural and commercial development of
high quality stevia products announces the signing of a
Distribution Agreement with Orkila Holding S.A.L. for the
distribution and marketing of GLG's stevia extract products
throughout the Middle East and African markets.
Brian Meadows, President of GLG Life Tech Corporation stated,
"We are extremely pleased to enter into this agreement with Orkila
to market GLG's products throughout the Middle East and African
markets. Orkila is the largest distributor of chemical products in
those markets and we look forward in building a successful
partnership with Antoine Sacy and his team at Orkila in the coming
months."
Antoine Sacy, Chairman of Orkila Holding, said; "We see this
move as an excellent opportunity to reinforce Orkila's position as
the leading chemical distributor in these emerging markets.
Representing one of the world's leaders in supplying zero-calorie
sweeteners used in food and beverage products and solutions will
strengthen Orkila across a number of important market segments in
the Middle East and Africa markets."
About GLG Life Tech Corporation
GLG Life Tech Corporation 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. Through its consumer food
products subsidiary, AN0C, the company formulates and markets a
wide range of stevia sweetened beverages and foods products within
the Chinese marketplace – a true seed to shelf model. 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 Orkila Holding S.A.L.
Orkila Holding S.A.L. (Orkila) is the largest distributor of
chemical products in the Middle East and African markets. The
company imports and sells chemical products that are for Home and
Personal Care, Pharmaceuticals, Food, Animal Nutrition &
Health, Agrochemical & Fertilizers, Paints and Construction,
Tyre, Rubber, Textile and Plastic, Silicones, Paper, Glass and
Crystal, Oilfield, Metal and Water Treatment and Automotive
products.
Active in more than 30 countries, the teams of Orkila operate in
18 regional centres and have warehousing in each of these centres.
Orkila sources product from a solid base of over 100 major chemical
manufacturers and supplies a broad client base of 3,000 customers
ranging from multi-national manufacturing subsidiaries to small
local customers. For further information please visit
www.orkila.com.
Forward-looking statements: This press release
contains certain information that may constitute "forward-looking
statements" and "forward looking information" (collectively,
"forward-looking statements") within the meaning of applicable
securities laws. Such forward-looking statements include, without
limitation, statements evaluating the market, potential demand for
stevia and general economic conditions and discussing
future-oriented costs and expenditures. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes" or variations
of such words and phrases or words and phrases that state or
indicate that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
While the Company has based these forward-looking statements on
its current expectations about future events, the statements are
not guarantees of the Company's future performance and are subject
to risks, uncertainties, assumptions and other factors which could
cause actual results to differ materially from future results
expressed or implied by such forward-looking statements. Such
factors include amongst others the effects of general economic
conditions, consumer demand for our products and new orders from
our customers and distributors, changing foreign exchange rates and
actions by government authorities, uncertainties associated with
legal proceedings and negotiations, industry supply levels,
competitive pricing pressures and misjudgments in the course of
preparing forward-looking statements. Specific reference is made to
the risks set forth under the heading "Risk Factors" in the
Company's Annual Information Form for the financial year ended
December 31, 2011. In light of these factors, the forward-looking
events discussed in this press release might not occur.
Further, although the Company has attempted to identify factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
As there can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements,
readers should not place undue reliance on forward-looking
statements.
CONTACT: Stuart Wooldridge Investor Relations
Phone: +1 (604) 669-2602 ext. 104
Fax: +1 (604) 662-8858
Email: ir@glglifetech.com
Nicole Sacy, ORKILA HOLDING
Phone: + 961 1 218 852 ext. 27
Mob: + 961 3 566 879
Email: nicole.sacy@orkila.com
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