GLG Life Tech Limited
CNQ : GLGT

GLG Life Tech Limited

November 07, 2005 14:15 ET

GLG Life Tech Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 7, 2005) - GLG Life Tech Limited (CNQ:GLGT) was the subject of a positive article in the Report on Business section of the October 29, 2005 edition of the Globe & Mail. The article highlighted the success being enjoyed by the company's principal customer, GLG International Health Products Chain Stores (the "Chain Store"). The Chain Store expects to have 3,000 locations open within five years, not all by the end of next year as mentioned in the article, through various programs such as franchising.

GLG Life Tech does not hold an ownership interest in the Chain Stores but does have an option to purchase them. GLG Life Tech is focused on product procurement, development and delivery. As the exclusive supplier of product to the Chain Stores, GLG Life Tech directly benefits from the strong growth of the Chain Stores and expects to soon enjoy material sales revenues.

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 GLG Health Products Chain Store Limited. The company's subsidiary 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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