European Parliament's Approval of Stevia Launches New Sales Opportunities for GLG's European Distributor Network
14 Novembre 2011 - 12:00PM
GLG Life Tech Corporation (Nasdaq:GLGL) (TSX: GLG) ("GLG" or the
"Company") is the vertically-integrated leader in the agricultural
and commercial development of high quality stevia and all-natural
and zero-calorie food and beverage products. GLG is pleased to
acknowledge that the European Parliament and the Council of
Ministers have formally adopted the regulation to allow the use of
steviol glycosides in the EU this year. The regulation will enter
into force twenty days after it is published in the EU Official
Journal. This means that consumers across Europe could be enjoying
products sweetened with steviol glycosides by as early as December
3rd.
This decision by the EU Parliament and reinforced by their own
European Food Safety Authority confirms the long standing position
held by the Joint FAO/WHO Expert Committee on Food Additives
(JECFA) that steviol glycosides are safe for all populations to
consume and that they are suitable as sweetening option for
diabetics.
As a founding member, GLG has been working with the
International Stevia Council (ISC), the industry's authoritative
voice on stevia (www.internationalsteviacouncil.org), to help
further the approval of steviol glycoside for use in the EU.
Now that the EU has approved the use of stevia as a sweetener,
GLG is pleased to announce that it has established long-term
distributor agreements with seven key ingredient distributors who
are poised to sell the Company's great tasting, high-purity stevia
extracts to the European food and beverage industry.
GLG's new distribution network includes: Caldic
Ingredients B.V.; ChemPoint.com; Emilio Pena SA (EPSA); Gusto
Faravelli S.P.A.; Keyser & Mackay; Nordmann, Rassmann GmbH; and
PK Chemicals. These newly formed long-term distributor
partnerships will secure a dynamic sales network set to reach this
brand new market for the company's high-purity all-natural stevia
products.
The Company's Chairman and CEO, Dr Zhang, commented, "With a
focus on supporting their territories, each of these ingredient
distributors brings a wealth of expertise in the sweetener category
and the benefit of having very strong ties to the food and beverage
industry within their respective markets. Their choice to join the
GLG team was in part, based on our significant knowledge and
innovation with over 14 years of stevia research, from seed and
plant development to processing advancements to formulation
expertise and using our stevia in our AN0C consumer products
developed for the China market. Our vertical integration offers our
distributors a significant advantage in this new stevia market
opportunity in Europe. Working alongside our knowledgeable
formulators in our AN0C Stevia Solutions Team, our new EU
distributors can confidently offer their customers product
formulation expertise that will greatly assist in fast-to-market
product development solutions using our high-purity stevia
extracts, blends and turn-key product pre-mixes. Long term, our
strategy is to provide 'simple' solutions to use GLG stevia
products to easily reduce calories to provide healthier food and
beverages for consumers in Europe. Our stevia extracts and
proprietary blends can provide our customers with a variety of
standard or customized all-natural zero-calorie or
low-calorie/reduced sugar sweetener solutions. GLG's commitment to
on-going in-house stevia research is creating a positive marketing
environment for our products. Our focus continues to be on quality,
great tasting stevia solutions at competitive pricing."
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
Glg Life Tech Corp (MM) (NASDAQ:GLGL)
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