VENTURA, Calif., Sept. 2, 2009 (GLOBE NEWSWIRE) -- Numerous domestic and international business inquiries regarding both treeless bulk and office paper products may add significantly to sales at Ecopaper, SGD Holdings, Ltd.'s (Pink Sheets:SGDH) wholly-owned subsidiary for the next calendar year.
"We anticipate increasing the production of our treeless bulk and office paper products by as much as 40% if current business contacts result in actual orders," stated Harry Johansing, CEO of SGD Holdings, Ltd. "I am confident that the current level of interest will materialize into significantly higher sales for fiscal 2010. While lower margins can be expected on bulk paper product sales, the actual sales volume should be significantly higher than our original forecast for fiscal 2010," he concluded.
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. (Pink Sheets:SGDH) 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.
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