UPDATE 1-GLG Life inks Australia, Latam deals

* Signs deals with Sugar Australia and Essentia Stevia

* Stevia market worth about $500 million in 2009
(Adds details; in U.S. dollars)

TORONTO, April 16 (BestGrowthStock) – Canada’s GLG Life Tech
(GLG.TO: ) said on Friday that it had reached agreements in
Australia and Latin America to distribute its stevia line of
natural sweeteners.

The Vancouver-based company signed an agreement with
Essentia Stevia for the distribution and marketing of GLG’s
high stevia extracts in 18 countries throughout Latin America.

The second agreement, with leading Australian sugar refiner
Sugar Australia, is subject to certain conditions.

The value of the deals was not available.

The value of the global sweetener market was estimated at
about $58.3 billion in 2009, with sugar accounting for about
$52.3 billion and all other sweeteners, about $6 billion. The
current global stevia market is about $500 million, but is
expected to reach $2 billion by the end of 2011.

Stock Research

($1=$1.00 Canadian)
(Reporting by Scott Anderson; Editing by Lisa Von Ahn)

UPDATE 1-GLG Life inks Australia, Latam deals