VENTURA, Calif., Aug. 4, 2010 (GLOBE NEWSWIRE) -- SGD Holdings, Ltd. (Pink Sheets:SGDH), owner of revolutionary tree-free paper manufacturer EcoPaper and premier "green" manufacturer EcoFriend Group, today announced that the company is in receipt of eight containers of EcoFriend brand deliverables. The shipment represents the company's Natural Funk, Chic Royale, Black & White, UniverCity, Body Glove and Tutti Colori brands and consists of notebooks, tote bags, backpacks, binders, lunch bags and other Back-to-School-related accessories.
The products, with an estimated wholesale value of more than $700,000, will be delivered to retailers this week and are anticipated to be available for purchase by August 8, 2010. Students will find the products for sale at more than 300 retail outlets throughout Mexico including Arteli, Chedraui, Palacio de Hierro, Pricho's, Wal-Mart subsidiary Suburbia, and Sears stores.
"This shipment represents the successful launch of our Back To School campaign," said Harry Johansing, CEO of SGD Holdings, Ltd. and its subsidiaries. "It's gratifying to note the escalation of interest in environmentally friendly school supplies and products that benefit our environment, and SGD Holdings' family of companies is positioned at the vanguard of addressing the needs of that market. The demand for our products continues to grow and, we believe, is indicative of the consumer confidence in our product lines and our corporate mission."
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 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.