SGD Holdings, Ltd. Acquires Ecopaper, Inc.


TULSA, Okla., July 22, 2009 (GLOBE NEWSWIRE) -- SGD Holdings, Ltd. (Pink Sheets:SGDH), a fully-reporting company, announced today that it has acquired 100% of the issued and outstanding stock of Ecopaper, Inc., which has developed proprietary technology for the manufacture of tree free paper products from materials originating from the harvest of bananas, coffee beans, mangos and lemons. In addition, Ecopaper, Inc. owns and operates www.ecopaper.com.

The purchase price was 38,500,000 shares of SGD Holdings, Ltd. common stock and, after completion of the acquisition, Ecopaper, Inc. is now a wholly-owned subsidiary of SGD Holdings, Ltd. In addition, SGD Holdings, Ltd. shall stand for the acronym Sheets of Green Designs, Ltd.

About SGD Holdings, Ltd.

SGD Holdings, Ltd. is a holding company which owns and operates through its wholly-owned subsidiary, ecopaper.com. Its goal is to acquire new technologies which can positively impact our environment either through internal development or by acquisition.

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 the lush mountains of Costa Rica. With great satisfaction, 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. Our 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 their environmental aspirations to positively impact our environment. Our main purpose is to create a new, unique paper with an attitude of serenity and character for every customer who wants to embark on an eco-friendly adventure.

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.



            

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