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GLG Life Tech Corp (2)
Symbol GLG
Shares Issued 33,126,600
Close 2013-09-11 C$ 0.98
Market Cap C$ 32,464,068
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GLG Life launches stevia sweetener line GLG Naturals+

2013-09-11 16:41 ET - News Release

Mr. Shaun Richmond reports

GLG LIFE TECH CORPORATION ANNOUNCES LAUNCH OF GLG NATURALS+

GLG Life Tech Corp. has launched GLG Naturals+, a new product line, with support from China National Cereals, Oils and Foodstuff Corp.

GLG Naturals+ is focused on sourcing high-quality/low-cost natural and functional food ingredients from China through an unique certification program designed to address the concerns of international food and beverage companies. GLG and COFCO's many years of experience in delivering food ingredients to leading multinational customers results in deep familiarity with international food safety standards and the need for transparency in supply chains. GLG's China-based GLG Naturals+ team leverages strong relationships to rate and certify every supplier that it represents under the R8 program.

R8 program elements are:

  • Verified quality through independent testing;
  • Competitive pricing;
  • Confirmed capacity and consistent supply of ingredients;
  • Factory site audits and routine facility visits;
  • International customer service standards;
  • Recognized international certifications from reputable third parties;
  • Commitment to environmental and safety practices;
  • Verification of the manufacturer's assets and financial credit checks.

Examples of products in the growing portfolio include: crystalline fructose, erythritol, inositol, inulin, lo han guo and lycopene, all synergistic with the company's current stevia products. Dr. Luke Zhang, chief executive officer of GLG, comments: "China's food ingredient market is currently worth $96-billion (U.S.) and exports continue to gain market share in global markets. The challenge for international food and beverage companies has been to perform the required due diligence to identify dependable suppliers without a local team on the ground. GLG Naturals+ provides them the comfort they require in sourcing ingredients by providing a localized procurement and quality assurance team in China at significantly reduced expense."

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