Vancouver, B.C. January 22, 2009 - GLG Life Tech Corporation (TSX: GLG) (“GLG” or the “Company”), the vertically integrated leader in rebiana agricultural and industrial developments including R&D, growth, production and marketing, announces the development of six new high yielding Rebaudioside A (RA) stevia seed strains whose RA content has been verified by an independent laboratory to reach an average in excess of 70%. These new seed strains were developed at Bengbu Huinong Stevia High Tech Development Limited, a wholly owned subsidiary of GLG. Management believes that an important result of this research is the ability to directly plant seeds in the fields thus reducing the labor and time that was previously required to propagate and plant seedlings through winter greenhouses.
RA has been identified as the sweetest component of the stevia leaf and recent FDA rulings now allow the use of rebiana (a stevia extract ingredient of 97% pure RA) as a sweetener in foods and beverages. GLG expects that the value of these high RA content seeds as well as the innovation in the Company’s agricultural processes will provide a competitive advantage as it continually improves product quality and cost efficiencies.
GLG Chairman and CEO Dr. Luke Zhang stated, “Research and development is a key component of GLG’s success as it is the driving force for us to provide high quality rebiana at low cost for the global market. We initiated both agricultural and industrial R&D programs over a decade ago in Bengbu and Qingdao, China respectively. We have already achieved numerous milestones through innovation which have enabled us to maintain our competitive position in the industry. Further, we are confident that our ongoing R&D programs will keep us on the cutting edge as the leading innovator in the rebiana supply chain. ”
About GLG Life Tech Corporation
GLG Life Tech Corporation is a global leader in the supply of rebiana, an all natural, zero-calorie sweetener made from high purity stevia extract for use in food and beverages. The Company’s operations cover each step in the rebiana supply chain including non-GMO stevia seed breeding, natural propagation, stevia leaf growth and harvest, proprietary extraction and refining, marketing and distribution of finished product. GLG’s advanced technology and vertical integration make it the world’s leading producer of rebiana. Please visit www.glglifetech.com for further information.
Contact: Brian Meadows, Chief Financial Officer
Phone: +1 (604) 641-1368
Fax: +1 (604) 641-1214
Email: [email protected]
Forward-looking statements: Certain statements in this press release constitute “forward-looking statements”. Such forward-looking statements include, without limitation, statements evaluating the market, the Company’s anticipated production capacity, the potential demand for stevia and general economic conditions. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes” or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. While the Company has based these forward-looking statements on its current expectations about future events, the statements are not guarantees of the Company’s future performance and are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors include amongst others the effects of general economic conditions, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations, industry supply levels, competitive pricing pressures and misjudgments in the course of preparing forward-looking statements. Please refer to the heading “Risk Factors" in our Annual Information Form in respect of our year-ended December 31, 2007 and the risk factors in our Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2007 for a discussion of these and other factors underlying forward-looking statement, both of which are available on SEDAR at www.sedar.com under the Company’s name. In light of these factors, the forward-looking events discussed in this press release might not occur. Further, although the Company has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. As there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, readers should not place undue reliance on forward-looking statements.