Astika Holdings, Inc. (the "Company") (OTCQB: ASKH) a strategic acquisition company of service, agriculture and industrial companies from the Nantong Region in China and New Zealand announced today that it is entering negotiations to acquire Nantong Poultry Farming Co. Ltd., in the food service sector.
Nantong Poultry Farming Co. Ltd., is engaged in poultry breeding, farming, selling, disease control and technological support in the food service sector in China. Currently, the Company’s factory maintains operations of 35,200 square meters (8.7 acres) with over 50,000 poultries with different species for sale in the food service sector. Nantong Poultry Farming has received rewards for its technology and for “One of the Best 50 Poultry Companies in China.” Recently, in order to increase volume and control costs Nantong Poultry Farming subcontracted part of its poultry farming business to over 200 local retail poultry farmers. By utilizing its social network to sell its pigeon eggs throughout Nantong and Shanghai in 2013, Nantong Poultry Farming reached sales of 300 million pigeon eggs and created over 50 new job positions.
Mark Richards, the director for Astika Holdings commented, “Nantong Poultry Farming Co. Ltd., is part of Astika’s ongoing strategy to add value through successful project development and opportunistic high growth sector acquisitions with efficient operations, while maintaining a low risk profile through project diversification, astute financial management and operations in secure jurisdictions."
*In the five years through 2013, revenue for the Poultry Farming industry in China has been growing at an average annualized rate of 7.8% to $75.8 billion. Industry revenue has been growing steadily due to rises in poultry prices as well as output growth. Total poultry meat output is expected to increase 3.1% to $20.5 million tons in 2013, while revenue is set to grow 8.4%. Revenue in 2018 is forecast to reach $106.5 billion. China is also the largest egg producer in the world, accounting for over 40% of global production. In the decade to 2018, industry value added is expected to grow at annualized rate of 8.4%, similar to general economy growth. With consolidation and the emergence of larger poultry and egg farms, the number of farms in this industry is forecast to continue to decline over the next five years. (*Source IBISWorld)
The Company intends to be issuing press releases to its shareholders in the coming days and weeks outlining a series of potential acquisitions and expansion. Astika Holdings is in the process of making the necessary filings in Form 8-K’s, which will be filed on the US SEC EDGAR system providing the specifics of developments. The new management intends to position the Company for an up-listing to a higher exchange such as the NASDAQ BX or NASDAQ, once the Company meets the financial status and market share price for up-listing qualification." The Company has begun the process of integrating management and moving its headquarters to Grey Lynn, Auckland, New Zealand.
Astika Holdings, Inc. (OTCQB: ASKH) (http://nantongventures.com)Astika Holdings is focused on a variety of strategic acquisitions in service, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.'s business. The Company is positioning to capture the next wave of growth companies from Asia. Astika Holdings is focused on the Nantong region of China and is positioning to negotiate with growth companies from the Nantong region. Nantong is known as a "Pearl of the River and Sea," ideally situated near the mouth of the Yangtze River with a rich and diverse history dating back to the Chinese Han Dynasty. Inhabitants first lived in the region 5,000 years ago because of its abundant natural resources and access to the Yangtze River. Nantong has a national reputation of "the First Window on the Yangtze River" and is one of the China's prized national tourist centers. As the centerpiece in the Yangtze Delta Economic Zone, Nantong has enjoyed rapid economic growth and increasing foreign investments. The city is listed on the China's Top 100 Counties (county-level cities) for its strong economy. Nantong is one of China's first fourteen coastal cities open to international trade. Nantong is poised for accelerated economic growth with new bridges over the Yangtze River connecting the Nantong region to the Shanghai metropolitan region. With the development of the Rudong Yangkou Harbor Nantong offers the only natural deep water harbor in central China's coast with access to China's largest markets. Nantong's rich history of economic prosperity and growth converge with national modernization continue to make Nantong a major center for economic development in China. Astika Holdings intends to be a high growth company focused on adding value through successful project development, efficient operations, and opportunistic acquisitions while maintaining a low risk profile through project diversification, astute financial management and operating in secure jurisdictions.
Forward-Looking Statements - This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
