GLG Life Tech Corporation Announces Six New Zero Calorie Vitamin Enriched Waters Are Now Ready for Launch in China Into Busy ...
July 20 2011 - 5:30AM
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, announces that AN0C's
next beverage products - zero calorie vitamin enriched waters -
have been finalized and all required government approvals have now
been obtained for sale nationwide in China. Production of the six
zero calorie vitamin enriched waters has already commenced and
distribution throughout AN0C's existing distribution network will
commence shortly.
The AN0CTM zero calorie vitamin enriched waters are:
- grapefruit
- mixed berry
- pomegranate - grape
- lemon
- tropical fruit
- orange
All vitamin enriched waters are sweetened with GLG's BlendSureTM
and RebPureTM high purity stevia extracts that have both received
the letters of no objections from the FDA and works extremely well
in this beverage application.
Dr. Luke Zhang, Chairman and CEO of both GLG and AN0CTM stated,
"The launch of AN0C's vitamin enriched waters is another important
milestone for our business. This is the second category of our AN0C
beverage in addition to the RTD tea we have already launched. This
beverage category is a relatively newer category in China, but we
expect it will develop well in the China market to meet our
targeted customers' needs. This brings the total number of product
SKU's to twelve for AN0C and we are pleased to offer a broader
range of zero calorie naturally sweetened product to the Chinese
consumer to build the AN0C brand as a healthy choice for great
tasting beverages. We are also pleased to announce that we will
leverage our existing distribution channels to get our zero calorie
vitamin enriched waters to the market faster than our first
products did. Our distribution partners are an important part for
AN0C's business and key distributors have already been trained and
are ready to take orders for this new AN0C category. We plan to
continue to launch another three new categories of AN0C beverages
including CSD, Juice Milk and Herbal Drink before the end of
September of 2011 as we solidify our position as the #1 zero
calorie beverage and food brand in 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
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