Sino Green Land Corporation Issued 31 Million Shares Above Market Price
24 Giugno 2011 - 3:43PM
Sino Green Land Corporation (OTCQB:SGLA) announced that the Company
issued approximately 31 million shares of common stock for services
valued at approximately $8.4 million to unrelated parties for the
interior construction of Metro Green, our proposed distribution hub
for green, organic and premium imported food products.
Mr. Luo, CEO and President of Sino Green Land Corporation,
commented on the share issuance, "We are excited to see that the
companies that are working with us on the interior construction and
decoration of our proposed distribution hub recognize the value of
our company. We are on track to have the grand opening of Metro
Green in the fourth quarter of this year."
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://www.sinogreenland.com. Information on our website or any
other website does not constitute a part of this press release.
The Sino Green Land Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8334
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 March 31, 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.
CONTACT: Investor Relations Firm:
David K. Waldman or Klea K. Theoharis
Crescendo Communications, LLC
Telephone: (212) 671-1020
sgla@crescendo-ir.com
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