GLG Signs Stevia Agreement with Mexican Supplier

VANCOUVER, British ColumbiaGLG Life Tech Corp. signed a memorandum of understanding (MOU) with Grupo Azucarero Mexico (GAM) regarding distribution and marketing of GLGs stevia extract products. GAM is the largest private producer of sugar in Mexico and specializes in the production, processing and distribution of sugar cane, as well as the sale of sugar-based derivates and products. Mexico approved the use of stevia in food and beverages in 2009, opening the way for food and beverage manufacturers to market products made with stevia or sweetener blends.

Luke Zhang, Ph.D., CEO and chairman of GLG, commented, We are excited about the possibilities between GLG and GAM, including the opportunity to create new blends and offer the healthy benefits of stevia to consumers in Mexico. We look forward to building the Mexican market together, and to forming a productive long-term relationship between our two companies.

Juan Cortina Gallardo, CEO of GAM, added, At GAM we see stevia as part of the natural sweetener family. Our focus and closeness to our customers demand that we provide competitive and natural solutions to their sweetener supply. We have found in GLG the perfect partner and a true leader in the different stages of stevia production. We feel very enthusiastic about our partnership with GLG and look forward to working together in bringing value added and low calorie options to the markets we serve.