Sino Agro Food Inc (fka SIAF)

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Sino Agro Food, Inc. Provides Corporate Update


Companies:Sino Agro Food Inc
Press Release Source: Sino Agro Food, Inc. On Friday January 29, 2010, 9:15 am
GUANGZHOU, China--(BUSINESS WIRE)--Sino Agro Food, Inc. (Pink Sheet:SIAF), an emerging integrated, diversified agriculture technology and organic food company with subsidiaries operating in China, is pleased to provide shareholders and prospective investors with a Corporate Update.

Heng Sing Tai Agriculture Development Co. Ltd has received a RMB 900,000 Government grant to improve infrastructure. Current projects being funded by the grant are improvements to plantation service roads and irrigation systems at several site locations. The Company has also begun construction on a more efficient processing and packaging facility. Dryer unit construction continues to move forward and is currently ahead of schedule which should allow greater capacity earlier than expected.

Company efforts to become fully reporting and quoted on the OTCBB continue to move forward on schedule. Financial reports for 2008-2009 are currently under review with audits expected to be started in late February.

Company efforts to provide adequate and current information by meeting Pinksheets Alternative Reporting Standards is currently under review by Pinksheets issuer services. The Company has been provided a list of comments and is currently working with its securities attorney to respond. The Company recently filed an Issuer Information and Disclosure Statement pursuant to Rule 15c2-11 with Pinksheets in order to seek the “PS” market tier rating.

Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, “We are thankful for the continued support of local governments in our operations. There have been many worries by investors over the tightening of monetary policy in China. This really has no impact on us as Agriculture is exempt in the recent changes to monetary policy in China. Government grants and farmer subsidies are allowing us to operate with positive retained earnings that are fueling growth internally.”

The Company recently conducted a shareholder conference call providing updates on operations and guidance for 2010. To download the complete 15.28 MB version in MP3 format please use the following link.

http://www.mediafire.com/?1fmqnuymmqn

To down load the Company’s January 2010 Investor Presentation please use the following link:

http://www.siafchina.com/download/20091224.pdf

ABOUT SINO AGRO FOOD, INC.

Sino Agro Food, Inc. (“SIAF”) (http://www.siafchina.com) is an integrated, diversified agricultural technology and organic food company focused on developing, producing and distributing agricultural products in the Peoples Republic of China. The Company intends to focus on meeting the increasing demand of China’s rising middle class for gourmet and high-quality food items. Current lines of business include the manufacture and distribution of Bio-Organic Fertilizer and Stock-Feed, as well as, fisheries, dairies, and Hylocereus Undatus plantations. SIAF’s products are produced to meet the high organic quality standards of the United Kingdom. SIAF is owner of a patented process; the conversion of corn stalk into high quality feed for livestock and is the “Master Licensee” for China with exclusive right to a patented Bacterial used in converting food based agriculture produce wastes into nutritional feed products that are also applicable in the manufacturing of Bio-Organic fertilizer. The Company also holds the “Master License” for China on a modern re-circulating Aquaculture Technology “A Power RAS Technology” that has the capacity to commercially grow quality table fish and seafood free from chemical and pollution in enclosed modules on land in a system designed to promote economic sustainability and viability. Currently the Company has total employment of 520 persons of which 60 are skilled and experienced management staff.

FORWARD LOOKING STATEMENTS

This release contains certain “forward-looking statements” relating to the business of SIAF and its subsidiary companies, which can be identified by the use of forward-looking terminology such as “believes, expects” 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 or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on SIAF’s current expectations and beliefs concerning future developments and their potential effects on SIAF. There can be no assurance that future developments affecting SIAF will be those anticipated by SIAF. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. SIAF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.



Contact:
Sino Agro Food, Inc.CEO Mr. Solomon Lee, [e-mail]. Chad Sykes, 281-210-4204Investor Relations (US)