GLG Life Tech Corporation (GLGL 10.05, -0.07, -0.69%) (CA:GLG 9.95, 0.00, 0.00%) ("GLG" or the "Company"), the vertically-integrated leader in the agricultural and commercial development of high quality stevia, announces the completion of 13 regional AN0C(TM) offices for national marketing and sales in China.
Thirteen regional AN0C(TM) offices responsible for marketing, national (KA) channel sales and distribution have been completed. In addition to existing KA channel partners such as Wal-Mart, Tesco, RT Mart, these regional offices will focus on the important regional distributor market in China which accounts for almost 70% of the sales volume of beverage products in China. These 13 regional offices cover all parts of China and are located in Beijing, Shijiazhuang, Qingdao, Shenyang, Wuxi, Hangzhou, Xiamen, Shenzhen, Guangzhou, Wuhan, Nanchang, Lanzhou, Chengdu. Each office consists of one branch manager, one marketing manager and one sales manager who lead their respective teams for an integrated marketing and sales approach in each region.
These regional offices are already signing distribution agreements with new distributors and deposits for product already being received by AN0C(TM). Local marketing through TV, newspaper, magazine, and supermarket promotion will commence soon to support the sales efforts.
The Company also confirms that the first national launch of the first SKUs will start on schedule at the end of March.
Dr. Luke Zhang, Chairman & CEO of both GLG and AN0C(TM) stated: "We are very glad to see that our experienced marketing and sales senior executives have quickly organized such strong teams, completed the set-up of the 13 regional offices and have started to sign up new distributors. We are pleased to receive such very positive responses for our first AN0C(TM) tea drinks. We are confident that the second quarter will be the first quarter making a significant contribution towards our projected revenue for 2011 for AN0C since we are launching our first series of beverage products into the start of the second largest season of beverage sales in China."
About GLG Life Tech Corporation
GLG Life Tech Corporation (GLGL 10.05, -0.07, -0.69%) (CA:GLG 9.95, 0.00, 0.00%) 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.
AN0C focuses on the sale and distribution of all natural zero calorie food and beverage products in China that are sweetened with stevia provided by GLG Life Tech Corporation. GLG is a global leader in the supply of high quality stevia extracts and holds an 80% controlling stake in AN0C with China and Healthy Foods Company Limited (CAHFC) holding 20%. Dr. Luke Zhang, Chairman and CEO of AN0C, is supported by an experienced team of senior executives recruited from the beverage industry in China. For further information, please visit www.an0c.com.