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

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  Published in Business and Finance on Tuesday, November 9th 2010 at 21:40 GMT by Market Wire
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VENTURA, Calif.--([ BUSINESS WIRE ])--SGD Holdings, Ltd. (Pink Sheets: SGDH), parent company of premier environmentally friendly paper products manufacturer EcoPaper, inc. ([ www.ecopaper.com ]), 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.

"This represents the culmination of an outstanding year of transition for SGD"

The acquisition is anticipated to increase the international reach and market saturation of SGD Holdingsa� existing brands through Aclor, Inc.a�s manufacturing prowess and capacity, as well as through the companya�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.

aThis represents the culmination of an outstanding year of transition for SGD,a said Harry Johansing, CEO of SGD Holdings, Ltd. aAclor 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. Ia�m looking forward to the exceptional opportunities that this acquisition will create for our companies and our investors.a

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

Direct press inquiries to [ ir@ecopaper.com ] or [ matt@kellerking.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.