GLG Life Tech Corporation
CNQ : GLGT

GLG Life Tech Corporation

July 06, 2007 09:05 ET

GLG Secures Additional Private Funding

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2007) - GLG Life Tech Corporation (CNQ:GLGT) announces that it has signed a private loan agreement to fund established development and manufacturing programs of its wholly owned subsidiary, Qingdao Runde Biotechnology Company Ltd., at its facility in China. The company secured the loan as part of its ongoing business strategy to provide high quality stevia extract to a global market.

On Behalf of the Board of Directors

Brian A. Palmieri, CEO & Treasurer

About GLG Life Tech Corporation

GLG Life Tech Corporation ("GLGT") through its wholly owned subsidiary Qingdao Runde Biotechnology C. Ltd., ("Runde") is in the business of manufacturing and selling stevia. Runde has vertically integrated operations involving the development of patented seeds, planting, growing and harvesting the leaves of the stevia plant and extraction to finished product. Runde specializes in high grade RA stevia finished products. Stevia is used as a natural sweetener in some countries and as a dietary supplement in other countries. GLGT is also engaged in the distribution of various health and nutritional products in China through its exclusive distributor Shandong Yong He Tang Health Products Chain Stores Limited. The company is also the exclusive distributor in China for Weider Global Nutrition LLC products that are sold through gyms, spas and specialty stores and is involved in the development of health centres in conjunction with HZ International Health Management ("HZIHM") and Wellsource, Inc., a leader in the USA in preventative health care software and preventative health care programs. Wellsource, Inc. has also granted HZIHM and GLG Life Tech the exclusive right to use, resell and distribute the complete line of Wellsource preventative health care products in China, Hong Kong, Macau and Taiwan.

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