Sino Agro Food Inc (fka SIAF)

[treit2002]

unbelievable 260MT shrimp sold in 3 weeks? when is WSPS ready for ops ?

This was the biggest news on the call. The vertical integration is ahead of schedule, and it is now easy to see that distribution (and retail to follow) already are meaningful revenue contributors, and will grow over time. WSPS sales are to start right away.

He did caution that the 260MT peeled shrimp contract is seasonal. But they will import more and more varieties. Could easily see $10M+ revenues in the second half, maybe $2.5M Q3 and $7.5M Q4, since he chose to characterize Q4 as "substantial." Expect 2013 to possibly approach $20M/Q based on capacity defined and guess of $10,000/MT.

Could be more than one WSPS in 2013, as well (plus more retail outlets and restaurants).