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Sino Green Land Corporation Completes Construction of Second Building Within Metro Green Distribution Hub

/ Source: GlobeNewswire

GUANGZHOU, China, Feb. 10, 2011 (GLOBE NEWSWIRE) -- (OTCBB:SGLA), a leading distributor of high end fruits and vegetables in China, today announced that it completed construction of the physical infrastructure of the second building within the Metro Green distribution hub. In connection with the project, the Company completed an $8.4 million private placement in which Sino Green Land issued 40 million shares of common stock at a price of $0.21 per share in exchange for construction costs covering the second 275,000 square foot metro green building.

Mr. Xiong Luo, CEO of Sino Green Land, commented, "Our decision to increase the size of our Green Food distribution hub from one building with two floors encompassing 220,000 square feet, to two buildings with three floors each and encompassing a total of approximately 605,000 square feet, was driven by demand from distributors and wholesalers we have spoken with over the past year. As a result of this transaction and completion of the construction phase of the project, we are now moving ahead with the esthetic details of the interior, including furnishing and decorating. We are extremely encouraged by the outlook for the new Green Food distribution hub as we seek to become the leading distributor of Green Foods nationwide."

Complete details of the private placement transaction are available on the Company's Form 8-K filed with the Securities Exchange Commission on February 4, 2011. 

About Sino Green Land Corporation

Sino Green Land Corporation is a leading agricultural distributor of high end fruits and vegetables in the People's Republic of China. Since its inception in 2003, Sino Green Land has grown from a small distributor of various produce to become a large distributor of Fuji apples, emperor bananas and tangerine oranges. In the process, Sino Green Land has built a solid reputation, a sophisticated supply chain and a domestic distribution network primarily in Beijing and Guangzhou.

The Sino Green Land Corporation logo is available at

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This press release may contain forward-looking statements. Such statements include, among others, those concerning the company's expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to the company's ability to overcome competition in its market; the impact that a downturn or negative changes in the price of the company's products could have on its business and profitability; the company's ability to simultaneously fund the implementation of its business plan and invest in new projects; economic, political, regulatory, legal and foreign exchange risks associated with international expansion; or the loss of key members of the company's senior management; any of the factors and risks mentioned in its filings with the Securities and Exchange Commission including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's amended annual report on Form 10-K/A filed on November 24, 2010 and the prospectus dated December 23, 2010. The Company assumes no obligation, and does not intend, to update any forward-looking statements, except as required by law.

CONTACT: Sino Green Land Corporation Sheena Shen Tel: (203) 308-9464 Email: