GUANGZHOU, China, June 24, 2011 (GLOBE NEWSWIRE) -- Sino Green Land Corporation (OTCQB:SGLA) announced that the Company issued approximately 31 million shares of common stock for services valued at approximately $8.4 million to unrelated parties for the interior construction of Metro Green, our proposed distribution hub for green, organic and premium imported food products.
Mr. Luo, CEO and President of Sino Green Land Corporation, commented on the share issuance, "We are excited to see that the companies that are working with us on the interior construction and decoration of our proposed distribution hub recognize the value of our company. We are on track to have the grand opening of Metro Green in the fourth quarter of this year."
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 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. Our website is www.sinogreenland.com/" target="_top" rel="nofollow">http://www.sinogreenland.com. Information on our website or any other website does not constitute a part of this press release.
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