SGD Holdings Friday Posted Year End December 31, 2010 Financials
May 02 2011 - 6:00AM
Marketwired
SGD Holdings, Ltd. (PINKSHEETS: SGDH), parent company of premier
environmentally friendly paper products manufacturer EcoPaper, Inc.
(www.ecopaper.com), today posted year end December 31, 2010
financials. EcoPaper reported record revenues exceeding $3.4
million compared to sales of $84,697 for the same period a year
earlier. SGD, Holdings has also made a change to its calendar year
to coincide with the EcoPaper, Inc. reporting year. Additional
gains in profitability and revenues are anticipated this year as
the company continues to grow while carefully managing its
alliances with strategic partners.
About SGD Holdings, LTD. SGD Holdings,
LTD. (PINKSHEETS: 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.
Direct press inquiries 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.
Contact Harry Johnasing 805-644-4462
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