GLG Life Tech Corporation (NASDAQ: GLGL, TSX: GLG) (“GLG” or the “Company”), the vertically-integrated leader in the agricultural and commercial development of high quality stevia and all natural and zero calorie food and beverage products, updates the distribution growth and planned product introductions of its AN0C joint venture.
AN0C continues to sign-up more large regional ‘tier one’ distributors to further enhance the growth of retail distribution and sales in time to target the July to September peak season for beverage sales within China. AN0C has increased the number of its distributors from 300 in mid-May to over 400 partners. This growth over the past month has resulted in a three-fold expansion in the distribution reach of AN0C’s products to over 65,000 stores, consisting of approximately 6,000 National grocery stores and 59,000 retail outlets.
GLG Chairman and CEO Dr. Luke Zhang stated, “broadening the distribution reach and new product launches are key milestones in the development of the AN0C business and brand. The progressive expansion of AN0C’s distributor network not only benefits the sales of the current line of products, but also the launch of upcoming new products.” Over the next few months, AN0C will be bringing to market six new flavors of vitamin enhanced waters and five fruit flavored dairy beverages. AN0C is developing a wide array of zero or low calorie food and beverage products sweetened with stevia.
About GLG Life Tech Corporation
GLG Life Tech Corporation (NASDAQ:GLGL, TSX:GLG) is a global leader in the supply of high purity stevia extracts, an all natural, zero-calorie sweetener used in food and beverages. The Company’s vertically integrated operations cover each step in the stevia 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, extraction technique and premier, high quality product offerings make it a leading producer of high purity, great tasting stevia extracts. For further information, please visit www.glglifetech.com.