SGDH, SGD Holdings Ltd, SGDH.PK
DrStockPick News Report!
Dr Stock Pick HOT News & Alerts!
SGD Holdings, Ltd. Subsidiary, Ecopaper, Inc. Sells 50%
of a Container of Bulk Banana Paper
Thursday September 10, 2009
SGD Holdings, Ltd. Subsidiary, Ecopaper, Inc. Sells 50% of a Container of Bulk Banana Paper
VENTURA, Calif., (CRWENEWSWIRE) — SGD Holdings, Ltd. (Pink Sheets:SGDH) announced that its wholly-owned subsidiary, Ecopaper, Inc., pre-sold one half container shipment of bulk banana paper to a wholesale client for $28,000. The balance of the container will go into its retail internet inventory to be sold through www.ecopaper.com.
“Increasing consumer demand for our environmentally sustainable tree-free paper products has significantly increased our bulk paper and retail internet sales. Our Central American facility specializes in providing products from the agricultural waste of banana plantations. Increased demand will lower our shipping costs and has improved our overall profit margins,” stated Harry Johansing, CEO of SGD Holdings, Ltd.
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 to 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. (www.ecopaper.com). Its goal is to acquire new technologies which can positively impact the environment either through 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:
SGD Holdings, Ltd.
Richard L. Severson
(866) 843-1137
Source: SGD Holdings, Ltd.
No comments:
Post a Comment