GLG Life Tech Corporation

GLG Life Tech Corporation

December 27, 2007 18:49 ET

GLG Life Tech Corporation Completes Acquisition of Agricultural High Tech Developments Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 27, 2007) - Further to the company's news release dated July 16, 2007, GLG Life Tech Corporation ("GLG" or the "Corporation") (TSX:GLG) reports that it has completed its acquisition of Agricultural High Tech Developments Limited ("AHTD"), a company incorporated under the laws of the Marshall Islands. AHTD is a seed base operation that has its own patent pending seedlings and significant research experience in producing high Rebaudioside A stevia plants.

With this acquisition, GLG has acquired two patent pending high Rebaudioside A (RA) yielding seedlings, key employees who have significant knowledge and experience that will further GLG's R&D program as well as a large percentage of the required seedlings for next year's harvest. This acquisition gives GLG control of approximately 80% of the highest quality stevia seedlings currently available in China.

"AHTD is a very strategic acquisition for GLG," stated Dr. Luke Zhang, GLG Life Tech Corporation Chairman and President. "It allows us to complete the vertical integration of our high grade stevia operations. GLG now has control over every step in the production process so that we can ensure high quality output and low production costs. High Reb A plants play a significant part in reducing production costs and AHTD has two commercially viable seedlings that will make a major contribution towards this goal as well as provide the company with the highest quality seedlings available in the market today. It is our plan to continue AHTD's R&D focus to ensure that GLG remains in the forefront of the high quality stevia industry."

The purchase price is payable in shares of GLG and is predominately a performance based acquisition. The initial payment consisted of the issuance of 3.75 million common shares of GLG. A total of 8.75 million common shares of GLG are issuable in two separate tranches upon the achievement of specified performance milestones over a period of two years. The payment shares are subject to a hold period of four months commencing from the closing date.

About GLG Life Tech Corporation

GLG Life Tech Corporation specializes in growing, refining, and producing high grade stevia, a natural, zero-calorie sweetener. With fully integrated stevia operations, GLG now controls over 80% of the high quality stevia production in China. The Corporation is also engaged in the distribution of nutritional products in China and holds exclusive agreements with Weider Global Nutrition and Shandong Yong He Tang Health Products Chain Stores Ltd., whose franchise network includes over 1,200 locations. Please visit for further information.

Forward-looking statements: Statements in this press release relating to plans, strategies, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may", "will", "should", "could", expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "forecasts", "potential", or "continue", or similar terms or the negatives of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. The Corporation has no obligation to update these forward-looking statements.

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