SOURCE: SGD Holdings

November 09, 2010 06:39 ET

SGD Holdings, Ltd. Initiates Acquisition of Aclor, Inc.

VENTURA, CA--(Marketwire - November 9, 2010) -  SGD Holdings, Ltd. (PINKSHEETS: SGDH), parent company of premier environmentally friendly paper products manufacturer EcoPaper, today announced that the company has signed a letter of intent to acquire the assets and intellectual property of Aclor, Inc., a privately held U.S. stationery and paper products manufacturer and distributor.

The acquisition is anticipated to increase the international reach and market saturation of SGD Holdings' existing brands through Aclor, Inc.'s manufacturing prowess and capacity, as well as through the company's international brand recognition. Founded in 2007, Aclor manufactures product for numerous internationally recognized brands including Natural Funk, Advantedge, Chic Royale and UniverCity, among others.

"This represents the culmination of an outstanding year of transition for SGD," said Harry Johansing, CEO of SGD Holdings, Ltd. "Aclor is an acknowledged international leader in paper products manufacturing, and the union of Aclor and EcoPaper allows us to deliver our high-quality, environmentally friendly products to a broader audience of international consumers. I'm looking forward to the exceptional opportunities that this acquisition will create for our companies and our investors."

Aclor, Inc. is currently based in Atlanta, GA with manufacturing plants and sales and distribution facilities located in Laredo, Texas and Mexico.

About SGD Holdings, Ltd.
SGD Holdings, LTD. (PINKSHEETS: SGDH) is a holding company which owns and operates, through its wholly-owned subsidiary, Ecopaper, Inc. (http://www.ecopaper.com) and EcoFriend Group. Through internal research and development, as well as through acquisition, the company aspires to create and acquire new technologies, products and methodologies which have the potential to positively impact the environment. For more information regarding SGD Holdings, Ltd. e-mail ir@ecopaper.com.

Forward-Looking Statements: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes and delays in plans and schedules, or market acceptance. SGD Holdings, Ltd. undertakes no duty to update these forward-looking statements.

Contact Information

  • Harry Johansing
    805-644.4462