GLG Life Tech Corporation Announces the Introduction of Its All Natural Zero Calorie Carbonated Soft Drink Products
August 04 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 carbonated soft drinks (CSDs)
- have been finalized and all required government approvals have
now been obtained for sale nationwide in China. OEM production for
the zero-calorie CSDs will commence at the end of August, and
distribution throughout AN0C's existing distribution network will
follow shortly thereafter.
The first two AN0C™ all-natural zero-calorie carbonated soft
drinks to be introduced will be cola and lemon Soda. Both
products received a seal of approval in the Company's consumer
focus group trials for both flavour and packaging design. The two
new products will be released in three package sizes (355ml cans,
1.25L and 2L formats) for a total launch of six new SKUs.
The new line of carbonated soft drinks will be sweetened with
GLG's BlendSure™ high purity stevia extracts that has received a
letter of no objections from the FDA and works extremely well in
this beverage application.
The total Chinese carbonated soft drinks market in 2010 is
estimated by Euromonitor to be at over 55 trillion liters, or 42
liters per capita with a growth of 9.6% over 2009. In
comparison, the 2010 US carbonated soft drinks market was almost 79
trillion liters, or 255 liters per capita with no year over year
growth.
Dr. Luke Zhang, Chairman and CEO of both GLG and AN0C™ stated,
"The launch of AN0C's new line of all-natural zero-calorie
carbonated soft drinks is yet another important milestone for our
business. This is the third major category in our AN0C beverage
line, and joins the ranks of our recently announced Vitamin
Nutrition Waters and currently available Ready To Drink teas." Dr.
Zhang further points out that, "This beverage category is not new
in China, but what is new is an "all-natural" zero-calorie
carbonated soft drink product. Our AN0C carbonated soft drinks
were market tested against leading CSD products in the China and
they tested very well on both taste and product packaging appeal to
consumers. This planned product launch brings the total number of
product SKU's to fifteen for AN0C in 2011 so far, and we are
pleased to offer a broader range of zero-calorie naturally
sweetened product to the Chinese consumer to continue to build the
AN0C brand as a healthy choice for great tasting beverages."
Katzu Cheng, President of AN0CTM stated, "We are also pleased to
announce that we will leverage our existing distribution channels
to get our carbonated soft drinks to the market even faster than
our previous products. Our distribution partners continue to
be an important part of AN0C's business model, as key distributors
have already been trained and will be ready to take orders for this
new AN0C category. We plan to continue to launch another three
new categories of AN0C beverages including Children's Drinks, Juice
Milk and Herbal Drinks before the end of September of this
year. We will continue to solidify our position as the #1
all-natural 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 ANOC
ANOC 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 ANOC with China and Healthy Foods Company
Limited (CAHFC) holding 20%. Dr. Luke Zhang, Chairman and CEO of
ANOC, 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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