GLG Life Tech Corporation

GLG Life Tech Corporation

May 15, 2008 08:00 ET

GLG Life Tech Corporation Poised for Growth Announces Officer Assignments

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2008) - GLG Life Tech Corporation ("GLG") (TSX:GLG) announces the restructuring of key officers.

Dr. Luke Zhang, current Chairman and President of GLG will take on the title of Chief Executive Officer and will retain the title of Chairman. Brian Palmieri, current Executive Director and CEO will become Vice Chairman and President. Brian Meadows will continue his role as Chief Financial Officer. David Bishop has been appointed to the role of Executive Vice President for International Affairs in place of his current role as Chief Operating Officer.

The company's executive management team and Board of Directors believe that the new changes will position the company to reach its 2008 objectives and more accurately reflect the focus of the company's strategic business plan over the next five years.

Visionary Dr. Luke Zhang will continue in his responsibilities for management both in Canada and China as well as the execution of the company's expansion plans including the construction of major facilities, innovative improvements in extraction technology, continuing R&D programs in seed and seedling development, government relations and the overall execution of sales and marketing programs.

Brian Palmieri, based out of Vancouver, Canada, will be responsible for launching and overseeing the development of the company's newly announced global consumer products division. The primary focus of this division will be the formulation and development of products to be sold in the consumer market ranging from dietary supplements and tabletop products to formulated bulk and industrial powder when approved under the terms of existing agreements.

Brian Meadows, Chief Financial Officer continues to be responsible for all accounting, legal, financing and investor relations duties for GLG.

David Bishop will focus on the growing requirements of coordinating international matters as the company continues to expand. He will also continue working with the company's manufacturing operations and assisting with the new consumer products division.

About GLG Life Tech Corporation

GLG Life Tech Corporation specializes in growing, refining, and producing high grade stevia extract, a natural, zero-calorie sweetener. With fully integrated stevia operations, GLG is the leading supplier of 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 1,400 locations. Please visit for further information.

Forward-looking statements: Certain statements in this press release constitute "forward-looking statements". Such forward-looking statements include, without limitation, statements evaluating the market and general economic conditions and discussing future-oriented costs, expenditures and other financial or operating performances. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes" or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. While the Company has based these forward-looking statements on its current expectations about future events, the statements are not guarantees of the Company's future performance and are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors include amongst others the effects of general economic conditions, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations, industry supply levels, competitive pricing pressures and misjudgments in the course of preparing forward-looking statements. Please refer to the heading "Risk Factors" in our Annual Information Form in respect of our year-ended December 31, 2007 and the risk factors in our Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2007 for a discussion of these and other factors underlying forward-looking statement, both of which are available on SEDAR at under the Company's names. In light of these factors, the forward-looking events discussed in this press release might not occur. Further, although the Company has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. As there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, readers should not place undue reliance on forward-looking statements.

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