Vancouver, B.C. October 26, 2010– 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, announces that they have partnered with ChemPoint.com Inc. (“ChemPoint”), a prominent e-distributor of specialty and fine ingredients, for the marketing, sale and distribution of GLG’s portfolio of high quality stevia extracts within the United States and Europe. ChemPoint will provide marketing, sales and order fulfillment, as well as technical support and expertise. The companies will jointly launch focused campaigns targeting key segments of the food and beverage industry immediately.
Key highlights under the terms of this agreement include:
· Three-year initial term with an automatic renewal provision for additional years subject to certain conditions.
· GLG to establish ChemPoint as the exclusive supplier of stevia extract products for the high value tier three and tier four customers in the US and European food and beverage industry.
GLG Chairman and CEO Dr. Luke Zhang stated, “ChemPoint’s innovative technological approach to working with customers is impressive and demonstrates their commitment to effective, professional service. ChemPoint is able to deliver valuable technical solutions, strategic marketing, and customer support which will allow GLG to better service its customers.”
Stevia is a natural, calorie free sugar substitute, derived from the leaves of the stevia plant. It includes no additional chemicals and provides a healthy, 100% natural solution for customers. With the ability to replace many uses of sugar, stevia is radically changing the food and beverage industry.
“We welcome this opportunity to partner with GLG Life Tech, a true world class organization,” commented Joe Stanaway, Vice President Marketing and Sales at ChemPoint. “Their dedication to quality from seed to formulation and commitment to providing a great tasting, high purity sweetener is unparalleled. The addition of GLG stevia to our food ingredient portfolio continues a commitment to offer our customers the best in innovative sweetener solutions.”
For additional information about GLG stevia sweeteners, please visit www.glglifetech.com or contact Sam Newberg at (847) 867-0999 or sales@glglifetech.com.
About GLG Life Tech Corporation
GLG Life Tech Corporation 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.
About ChemPoint
As the leading “e-distributor” of specialty and fine chemicals in Europe and North America, ChemPoint.com engages in exclusive product line relationships with premier manufacturers. From its European and North American interaction centers, ChemPoint provides its suppliers with marketing, sales, customer service and order fulfillment solutions for targeted customer segments. ChemPoint is a Univar company. With a network of over 200 distribution centers, Univar N.V is a world leader in chemical distribution.