SGD Holdings, Ltd. Subsidiary, Ecopaper, Inc., 2009 U.S. Sales Increase by 118% & Provides Updated Share Structure
January 08 2010 - 11:51AM
Marketwired
SGD Holdings, Ltd. (PINKSHEETS: SGDH) wholly-owned subsidiary,
Ecopaper, Inc., announced today that year-to-date 2009 U.S. sales
increased by 118% compared to 2008. The greatest increase was in
regional wholesale accounts, with a 305% increase. Internet sales
followed with a 36% increase and a 4% increase in national account
sales. CEO Harry Johansing states, "2009 has been an excellent
growth year for us. We are expecting an even better 2010, as we
have many significant deals in the works. We expect some of those
deals to close as early as January 2010."
The latest share structure is outlined below:
Authorized Shares
-----------------
200,000,000 as of January 7, 2010
Outstanding Shares
------------------
57,650,176 as of January 7, 2010
Float (shares)
-------------
16,127,318 as of January 7, 2010
About Ecopaper, Inc.
Ecopaper, Inc. is the first company in the history of the paper
industry to create and market treeless paper of a superior quality.
Every page of Ecopaper is smooth, acid-free, durable,
chemical-free, and made in Costa Rica. Ecopaper, Inc. has developed
an innovative and economically feasible option for the removal of
230,000 tons of agro-industrial waste that are dumped yearly in
Costa Rica alone. The company's challenge is to invent new
processes and create paper from exotic tropical fibers from waste
materials in new textures and tones for consumers. The results of
processing these exotic tropical fibers are items that both appeal
to the consumer and positively impact the environment.
About SGD Holdings, LTD.
SGD Holdings, LTD. is a holding company which owns and operates
through its wholly-owned subsidiary, Ecopaper, Inc.
(http://www.ecopaper.com/). Its goal is to acquire new technologies
which can positively impact the environment either though internal
development or by acquisition.
Safe Harbor Act Disclaimer
Forward-looking statements in this release are made pursuant to
the Safe Harbor Provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
certain risks, and uncertainties and actual results could differ
from those discussed. This material is information only and is not
an offer or solicitation to buy or sell the securities.
CONTACT: Paul Westenberger 302-200-SGDH or Email Contact for SGD
Holdings, Ltd.
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