NEW YORK and GUANGZHOU, China, May 7, 2010 (GLOBE NEWSWIRE) -- Sino Green Land Corporation (OTCBB:SGLA), a leading distributor of high-end fruits and vegetables in China, today announced that Mr. Anson Fong, the company's Executive Chairman, will assume the additional role of Chief Executive Officer following the departure of Mr. Chi Ming Leung, who has left the company for personal reasons. The company also promoted Mr. Yan Pan to Chief Operating Officer, replacing Mr. Xiong Luo who has resigned to focus on his work with the PRC government related to its green food initiatives. He will remain a member of the board of directors.
Mr. Pan's promotion to Chief Operating Officer follows a successful career at Sino Green Land and other international companies. Since July 2009, he has acted as Vice President of Operations for Sino Green Land with direct responsibility for managing the company's suppliers. Previously, Mr. Pan spent nearly a decade managing operations for major multinational companies, including seven years heading the Chinese operations of the Swedish outsourcing company Outsource Supply Management, and two years as director of the luxury products business at Vasto, a multinational menswear brand. At Outsource Supply Management, Mr. Pan handled client service, strategic business development, and supplier management. At Vasto, Mr. Pan oversaw brand positioning, product development, and supplier management. Mr. Pan holds a Bachelor of Arts degree from Dr. Sun Yet Sun University.
Anson Fong, Chairman and newly appointed Chief Executive Officer, commented, "These latest changes will enhance and streamline our senior management team in a way that will support our rapid growth both within our traditional distribution business and our new green foods initiatives. We are thrilled to have Yan Pan in this new role as COO. His experience marketing major multinational brands will be of great assistance as we grow our green food brand in China. Moreover, his extensive background in supplier management will be invaluable as we manage our growing pool of suppliers. Yan's track record at Sino Green Land has been exemplary, and we are excited to have him lead our development and growth in these areas. Yan's appointment follows our recent addition of Sheena Shen as our VP of Finance. Altogether, we believe we have the right management team in place as we accelerate our efforts to become a leading supplier of green foods in China and globally."
Mr. Anson Fong continued, "We look forward to Mr. Luo's continued contributions as a member of the Board of Directors. As he focuses his attention on government-led green food initiatives, his experience and first-hand understanding of PRC government policies will be of great assistance in our own policy-formation and strategic planning. I would also like to thank Chi Ming Leung for his many contributions to the company as we developed from a regional distributor to a leading supplier of fruits and produce in the PRC. We wish him well in his future endeavors."
About Sino Green Land Corporation
Sino Green Land Corporation is a leading agricultural distributor of high end fruits and vegetables in the People's Republic of China. Since its inception in 2003, Sino Green Land has grown from a small distributor of various produce to become a large distributor of high end fruits such as: Fuji apples, emperor bananas and tangerine oranges. In the process, Sino Green Land has built a solid reputation, a sophisticated supply chain and a distribution network that stretches from Beijing to Guangzhou.
This press release may contain forward-looking statements. Such statements include, among others, those concerning the company's expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to the company's ability to overcome competition in its market; the impact that a downturn or negative changes in the price of the company's products could have on its business and profitability; the company's ability to simultaneously fund the implementation of its business plan and invest in new projects; economic, political, regulatory, legal and foreign exchange risks associated with international expansion; or the loss of key members of the company's senior management; any of the factors and risks mentioned in the "Risk Factors" sections of the Company's amended current report on Form 8-K/A filed on April 24, 2009. The Company assumes no obligation, and does not intend, to update any forward-looking statements, except as required by law.