SGD Holdings, Ltd. Initiates Acquisition of Aclor, Inc.
November 09 2010 - 5:39AM
Marketwired
SGD Holdings, Ltd. (PINKSHEETS: SGDH), parent company of premier
environmentally friendly paper products manufacturer EcoPaper,
today announced that the company has signed a letter of intent to
acquire the assets and intellectual property of Aclor, Inc., a
privately held U.S. stationery and paper products manufacturer and
distributor.
The acquisition is anticipated to increase the international
reach and market saturation of SGD Holdings' existing brands
through Aclor, Inc.'s manufacturing prowess and capacity, as well
as through the company's international brand recognition. Founded
in 2007, Aclor manufactures product for numerous internationally
recognized brands including Natural Funk, Advantedge, Chic Royale
and UniverCity, among others.
"This represents the culmination of an outstanding year of
transition for SGD," said Harry Johansing, CEO of SGD Holdings,
Ltd. "Aclor is an acknowledged international leader in paper
products manufacturing, and the union of Aclor and EcoPaper allows
us to deliver our high-quality, environmentally friendly products
to a broader audience of international consumers. I'm looking
forward to the exceptional opportunities that this acquisition will
create for our companies and our investors."
Aclor, Inc. is currently based in Atlanta, GA with manufacturing
plants and sales and distribution facilities located in Laredo,
Texas and Mexico.
About SGD Holdings, Ltd. SGD Holdings,
LTD. (PINKSHEETS: SGDH) is a holding company which owns and
operates, through its wholly-owned subsidiary, Ecopaper, Inc.
(http://www.ecopaper.com) and EcoFriend Group. Through internal
research and development, as well as through acquisition, the
company aspires to create and acquire new technologies, products
and methodologies which have the potential to positively impact the
environment. For more information regarding SGD Holdings, Ltd.
e-mail ir@ecopaper.com.
Forward-Looking Statements: The statements
in the press release that relate to the Company's expectations with
regard to the future impact on the Company's results from
acquisitions or actions in development, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements in this document may also
contain "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Forward-looking statements are subject to risks, uncertainties, and
other factors that could cause actual results to differ materially
from those contained in such statements. Such risks, uncertainties,
and factors include, but are not limited to, future capital needs,
changes and delays in plans and schedules, or market acceptance.
SGD Holdings, Ltd. undertakes no duty to update these
forward-looking statements.
Harry Johansing 805-644.4462
SGD (PK) (USOTC:SGDH)
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