GLG Life Tech Corporation Announces New Distribution Agreement Signed for Indian Market With KP Manish Global Ingredients Pvt L
17 Décembre 2012 - 9:52PM
GLG Life Tech Corporation (TSX:GLG) ("GLG" or the "Company"), a
global leader in the agricultural and commercial development of
high quality stevia products, announces the signing of a
Distribution Agreement with KP Manish Global Ingredients Pvt Ltd,
("KP Manish") for the distribution and marketing of GLG's stevia
extract products to the Pharma, Food and Beverage sectors in India.
Under the agreement KP Manish will market GLG's full line of Stevia
extract products.
Brian Meadows, President GLG Life Tech Corporation states that,
"We are extremely pleased to enter into this agreement with KP
Manish to market GLG's products in the Indian market. According to
the International Diabetes Federation and the Madras Diabetes
Research Foundation, in 2011 India had 62.4 million people with
type 2 diabetes, compared with 50.8 million the previous year. We
believe that stevia, with its zero glycemic index, will be a good
alternative to the Indian people to address the problems of
diabetes and obesity. We are proud to be associated with KP Manish,
which represents a number of leading Multinational Corporations in
India and look forward to building a strong market for stevia and
successful lasting business relations with KP Manish in the near
future."
K Parasmal Jain, Director of KP Manish, said, "We look forward
to bringing the benefits of GLG's stevia products to the Indian
market. GLG is one of the leading players in the stevia industry
and we are pleased to be representing their product line alongside
our other sweetener and food ingredients products."
GLG Life Tech Corporation:
GLG Life Tech Corporation 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. Through its consumer food
products subsidiary, AN0C, the company formulates and markets a
wide range of stevia sweetened beverages and foods products within
the Chinese marketplace – a true seed to shelf model. 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
KP Manish Global Ingredients Pvt Ltd.:
KP Manish is one of the largest Indian importers of Chemical,
Drug, Excipient, and Food Ingredients, catering to a variety of
industries, including Food, Pharma, Nutra and Cosmetics. KP Manish
has Pan-India operations and serves customers through their wide
network of branches, field personnel, and dealership arrangements.
They enjoy approved supplier status with many MNC's and large
Indian industrial companies. For further information, please visit
www.kawarlalcdef.com.
Forward-looking statements: This press release
contains certain information that may constitute "forward-looking
statements" and "forward looking information" (collectively,
"forward-looking statements") within the meaning of applicable
securities laws. Such forward-looking statements include, without
limitation, statements evaluating the market, potential demand for
stevia and general economic conditions and discussing
future-oriented costs and expenditures. Often, but not always,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes" or variations
of such words and phrases or words and phrases that state or
indicate that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
While the Company has based these forward-looking statements on
its current expectations about future events, the statements are
not guarantees of the Company's future performance and are subject
to risks, uncertainties, assumptions and other factors which could
cause actual results to differ materially from future results
expressed or implied by such forward-looking statements. Such
factors include amongst others the effects of general economic
conditions, consumer demand for our products and new orders from
our customers and distributors, changing foreign exchange rates and
actions by government authorities, uncertainties associated with
legal proceedings and negotiations, industry supply levels,
competitive pricing pressures and misjudgments in the course of
preparing forward-looking statements. Specific reference is made to
the risks set forth under the heading "Risk Factors" in the
Company's Annual Information Form for the financial year ended
December 31, 2011. In light of these factors, the forward-looking
events discussed in this press release might not occur.
Further, although the Company has attempted to identify factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
As there can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements,
readers should not place undue reliance on forward-looking
statements.
CONTACT: Stuart Wooldridge Investor Relations
Phone: +1 (604) 669-2602 ext. 104
Fax: +1 (604) 662-8858
Email: ir@glglifetech.com
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