VENTURA, Calif., July 21, 2010 (GLOBE NEWSWIRE) -- SGD Holdings, Ltd. (Pink Sheets:SGDH), owner of premier tree-free paper manufacturer EcoPaper, today announced that the company's newly acquired subsidiary, EcoFriends, has just fulfilled a product order in excess of $155 thousand dollars to Suburbia. Suburbia, a Mexican subsidiary of Wal-Mart, will be offering EcoFriends' brand student-oriented products for sale at more than 44 retail locations throughout Mexico.
EcoFriends' brands of Back-to-School fashion accessories include Body Glove, Black & White, and UniverCity. With an emphasis on eco-friendly functionality, the brands offer primary, secondary and college-aged students the opportunity to enjoy environmentally-friendly products ranging from notebooks, three-ring binders and pencil pouches to backpacks, tote bags and more.
After another extensive tour of EcoFriends' Mexico City based facilities, Harry Johansing, CEO of SGD Holdings, Ltd., continues to be inspired by the potential of the company's production capacity, authenticity and continuing earning potential.
"EcoFriends has an amazing operation and I'm thrilled to have the organization as part of our family of companies," said Johansing. "Having been present during the delivery of this order, I have no doubt that the acquisition of EcoFriends will be noted as being a significant contributor to the spectacular growth that SGD Holdings and EcoPaper have experienced this year."
EcoFriends brand products are available throughout Latin America at retailers such as Chedraui, Comercial Mexicana, Arteli, Cruz Azul, Palacio De Hierro, Sears, Suburbia, Sanborns, Waldo's and Wal-Mart subsidiary Pricho's.
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. (http://www.ecopaper.com.) Through internal research and development, as well as through acquisition, the company aspires to create and acquire new technologies, products and methodologies which have the potential to positively impact the environment. For more information regarding SGD Holdings, Ltd. e-mail ir@ecopaper.com.
About EcoPaper, Inc.:
After developing an innovative and an economically feasible option for removing a portion of the more than 230,000 tons of agro-industrial waste generated annually by Costa Rica alone, EcoPaper, Inc. became among the first companies worldwide to create and implement processes for manufacturing and bringing to market tree-free, eco-friendly, beautiful, sustainable paper products of superior quality created from exotic tropical fibers. Founded by Harry Johansing, EcoPaper is proud that every sheet of EcoPaper product is smooth, acid-free, durable, chemical-free, and caringly manufactured. For more information regarding EcoPaper, Inc. visit www.EcoPaper.com or send an inquiry to ir@ecopaper.com.
Forward-Looking Statements: 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.