GLG Life Tech Limited
CNQ : GLGT

GLG Life Tech Limited

May 15, 2006 17:05 ET

GLG Life Tech Limited: Phase 2 Begins

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 15, 2006) - GLG Life Tech Limited (CNQ:GLGT) reports that the first phase of its business plan has been achieved in the building of a network of locations through which to distribute its products. The company's main customer in China, Shandong Yong He Tang Health Products Chain Stores Limited ("YHT"), added 65 new franchisees during April bringing the total at the end of April to 680 locations. The second phase of GLG Life Tech's business plan will now begin with a joint advertising and marketing plan being conducted with YHT. The main focus of the advertising campaign will be to increase revenue at each location by the sale of GLG Life Tech supplied products. This focus on increasing sales per location is hoped to result in higher profits for GLGT and its shareholders.

GLG Life Tech also reports that it has appointed Kevin Su, Certified General Accountant, as acting chief financial officer to replace Marco Chan.

On Behalf of the Board of Directors

Brian A. Palmieri, CEO & Treasurer

About GLG Life Tech Limited

GLG Life Tech is engaged in the distribution of various health and nutritional products which are sourced globally. The company's efforts are currently focused on China where it has been appointed the exclusive supplier of products for Shandong Yong He Tang Health Products Chain Stores Limited. GLG Life Tech holds the exclusive right to distribute health and nutritional products under the name and image of Prof. Hong Zhao Guang, a recognized health expert in China.

WARNING: This news release contains forward-looking information. The reader is cautioned that assumptions used in the preparation of such information, although considered accurate at the time of preparation, may prove incorrect. The actual results may vary materially from the information provided herein. Consequently, there is no representation by the company that actual results achieved will be the same as those forecast.


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