June 3, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — SGD Holdings, Ltd. (OTC: SGDH), owner of the premier environmentally friendly paper manufacturer EcoPaper, said the company has successfully concluded due diligence and finalized a contract to acquire the assets of EcoFriends, a Mexico-based paper product sales and distribution company.

The company is in the final phases of completing requirements for incorporating EcoFriends as the second of the company's subsidiaries.

SGD Holdings, EcoPaper Inc. and EcoFriends are currently undergoing audits by PCAOB — compliance auditors — to ensure full disclosure and reporting are forthcoming. SGD Holdings will release additional details as they become available.

SGD Holdings, is a holding company which owns and operates through its wholly-owned subsidiary, EcoPaper, which creates and implements processes for manufacturing and bringing to market tree-free, eco-friendly, sustainable paper products of superior quality created from exotic tropical fibers.

Real-time streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[frlylrf] [sstnblty] [grrnnwsnr] [ntrntnlcmpnsbsnss] [mrgrsacqstns] [ftrdnwswnd] [ltnmrcrmntl] [sthcntrlmrc]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.