Doubts Continue on "Sino Green Land to Supply Green Foods Cooperative Agreement with TL"

Dear Readers,

The release from Sino Green Land Company below arouses different questions on this “agreement” that the government has gone to great lengths to deny.  

It reads: 

"After extensive discussion and a thorough examination of our operations and facilities, we are pleased to announce this cooperation agreement with local representatives in East Timor to supply high quality fruits, vegetables and green foods to the country. These local representatives have close government relationships and resources that will support our penetration of the local market."

Please note the phrase: "these local representatives have close government relationships and resources that will support our penetration of the local market." Which representatives?  What type of close government relationships? What resources?  As for "support our penetration" that is code for, everyone is taken care of to ensure we get preferential treatment.

There is still  more to be explained here, and only the company can do that, or anyone else with more details on this issue.

Jose Teixeira MP

FRETILIN

RDTL National Parliament

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Sino Green Land to Supply Green Foods to East Timor Through Cooperative Agreement

NEW YORK, NY and GUANGZHOU, CHINA--(Marketwire - 01/11/10) - Sino Green Land Corporation (OTC.BB:SGLA), a leading distributor of high-end fruits and vegetables in China, today announced the signing of a cooperation agreement with local representatives in East Timor to supply green foods to East Timor, a Southeast Asian country with a population of 1.2 million people. Shipments of high quality fruits, vegetables and green foods are expected to commence in January 2010.

Mr. Anson Fong, Chairman, stated, "After extensive discussion and a thorough examination of our operations and facilities, we are pleased to announce this cooperation agreement with local representatives in East Timor to supply high quality fruits, vegetables and green foods to the country. These local representatives have close government relationships and resources that will support our penetration of the local market. By streamlining the import channels of East Timor through direct shipments from China, the price of fruits, vegetables and green foods provided by Sino Green Land would be very competitively priced, benefitting the local population. After penetration of the local market, Sino Green Land plans to cooperate with the Ministry of Agriculture of East Timor to develop a local plantation for green foods in East Timor where we will provide local farmers with support in terms of technology, planting, harvesting and marketing of green foods. This is an important geographic expansion for Sino Green Land and we are excited about the opportunity. We hope to develop a strong market presence in the region with the support of the local government and our goal is to achieve market share of approximately 25% in East Timor by the end of 2010."

http://ir.stockpr.com/sinogreenland/company-news/detail/73/sino-green-land-to-supply-green-foods-to-east-timor-through-cooperative-agreement