GLG Life Tech Corporation
CNQ : GLGT

GLG Life Tech Corporation

December 03, 2007 07:30 ET

GLG Life Tech Corporation Receives Conditional Approval for Listing on the Toronto Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2007) - GLG Life Tech Corporation (CNQ:GLGT), a company specializing in the production of high grade stevia and the supply of dietary supplements and health care products, reports that it has received conditional approval for the listing of its common shares on the Toronto Stock Exchange ("TSX").

The listing is subject to the Company fulfilling certain requirements of the TSX. The Company is proceeding to comply with these requirements and anticipates the common shares of the Company will be listed and posted on the TSX under the trading symbol "GLG" concurrent with the closing of the proposed private placement announced on November 28, 2007. The Company will cease to trade on the CNQ upon the commencement of trading on the TSX.

"Graduation to the TSX's senior board marks the important strides that GLG has made in becoming a leader in the stevia industry," stated Brian Palmieri, Chief Executive Officer. "As we move forward with continued growth, we anticipate that this listing will help us to raise our profile in the investment community, facilitate access to larger pools of growth capital and achieve greater liquidity in our stock."

The Company will issue a news release immediately prior to the promotion to, and listing of GLG's common shares on, the TSX.

About GLG Life Tech Corporation

GLG Life Tech Corporation specializes in growing, refining, and producing high grade stevia, a natural, zero-calorie sweetener. Through its wholly owned subsidiary, Qingdao Runde Biotechnology Company, Ltd., GLG has integrated its stevia operations and now controls over 80% 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 1,200 locations. Please visit www.glglifetech.com.

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 Company has no obligation to update these forward-looking statements.

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