HARBIN, China, Aug. 11 /PRNewswire-Asia/ -- China Green Material Technologies, Inc. (OTC Bulletin Board: CAGM, or the "Company"), a Chinese leader in developing and manufacturing starch-based biodegradable containers, tableware and packaging materials, today announced progress on a patent application covering the industrial production method for its biodegradable material. Specifically, the Company recently received notice from the State Intellectual Property Office of PRC (SIPO) that the Company has successfully submitted the required documents to enable the patent application to move to the review stage. While there is no assurance that SIPO will ultimately grant the patent, the review stage is the final stage for securing approval. The Company received the underlying intellectual property rights in December 2009 from the inventors, Zhonghao Su and Yingjie Qiao, the Company's Chairman, Chief Executive Officer and Founder and its Vice Chairman and Technical Director, respectively.
"A key component of our success has been our ability to develop innovative and high quality products through proprietary production processes," said Mr. Zhonghao Su, Chief Executive Officer. "By inventing and deploying these processes, we intend to drive our production costs lower, while introducing new products, entering new markets and further strengthening our brand name. This is another example of the progress we are making in establishing China Green Material Technologies as a leader in the fast-growing environmentally friendly consumer products industry."
About China Green Material Technologies, Inc.
China Green Material Technologies, Inc. (OTCBB: CAGM) is a China-based manufacturer of starch-based biodegradable containers, tableware and packaging products. Headquartered in Harbin city of China, the Company currently has 153 employees. The Company has developed proprietary biodegradable food packaging materials technologies. Visit the Company's website: http://www.sinogreenmaterial.com
Safe Harbor Statement
This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believe, expect, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated, intended or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risks and other factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
In China:
Feng Peng
HC International, Inc.
Tel: +86-138-1227-1616
Email: feng.peng@hcinternational.net
In the U.S.:
Ted Haberfield
HC International, Inc.
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
Source: China Green Material Technologies, Inc.
