VENTURA, Calif., Jan. 27, 2010 (GLOBE NEWSWIRE) -- SGD Holdings, Ltd. (Pink Sheets:SGDH) wholly-owned subsidiary EcoPaper, Inc. announced today it has entered into an alliance with a major fiber converting plant owner, which it believes will advance EcoPaper, Inc.’s current converting options for mass market production of natural fiber value-added products. Forming this alliance with a major converting group should dramatically increase product manufacturing, lower existing costs, and position natural fiber papers/products for sales into major international retail markets. The company expects this alliance to increase profits and offer new international marketing options, which, until this point, have been uncommon within the emerging tree-free paper industry. Also, EcoPaper intends to sell its brand and offer eco-converting to other companies (promotional and retail) worldwide.
In addition, new distribution negotiations have been finalized with a major eco-products distributor with active markets in department stores, mass market chains, and other retail locations. CEO, Harry Johansing comments, “We expect that this alliance will take our company to a new level and we anticipate receiving multi-million dollar purchase order(s) before the end of the 1st quarter 2010.”
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 potential 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. is a holding company which owns and operates through its wholly-owned subsidiary, EcoPaper, Inc. (http://www.ecopaper.com/). Its goal is to acquire new technologies which can positively impact the environment either though internal development or by acquisition.
Forward-Looking Statement: 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.