GLG Life Tech Corporation Welcomes the Approval of Stevia as a Sweetener in European Union by Key Committee
July 05 2011 - 8:26AM
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, acknowledges and
welcomes the approval of stevia as a zero calorie sweetener in the
European market.
On July 4, 2011, the International Stevia Council (ISC) and its
members, which include founding member GLG Life Tech Corporation,
welcomes the approval of stevia for use as a sweetener in the
European Union. This comes on the heels of the recent
announcement at the Stevia 2011 Conference in London last week,
when the European Commission's representative, Wim Debeuckelaere,
told delegates that the natural sweetener is on schedule for
sanction by the EC in "November or December at the
latest."
Dr. Luke Zhang, Chairman and CEO of GLG Life Tech comments, "The
recent announcement by the standing committee on the Food Chain and
Animal Health on the Commission Regulation to authorize the use of
steviol glycosides marks a significant move forward in approving
the use of this all-natural, zero calorie sweetener in the European
market. With the formal approval of stevia in France two years ago,
a positive vote in November will mean that we'll be that much
closer to bringing our all natural, zero calorie stevia based
sweetener solutions to European consumers."
The ISC points out that the next step in granting approval in
the European Union will involve the scrutiny of the regulation by
the European Parliament. It will be encouraging the European
Parliament to support the approval of steviol glycosides in Europe
so consumers can begin benefiting from the use of an all-natural
zero calorie sweetener in their food and beverage. To learn
more about today's announcement by the International Stevia Council
visit the Council's website at
http://www.internationalsteviacouncil.org/article/4-july-2011-international-stevia-council-welcomes-approval-stevia-use-sweetener-european-uni.
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
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
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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
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and other risks and uncertainties disclosed in the public documents
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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
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