HaungYuan China Government Organizes Local Event Further Promoting the HaungYuan China SanJing Joint Venture Project
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 announce the HaungYuan China Government sponsored and paid for a local promotional event for the QingHai, HuangYuan, SanJing APower United Corporation Ltd. Joint Venture Project.
On December 3rd, 2009, The HuangYuan Government organized and invited local farmers, media and local TV networks to promote the Company’s Livestock Feed. The event drew more than 100 local farmers as well as many high ranking local Government officials. Over 800 tons of fertilizer was sold during the event completely selling out the Company’s on hand inventory.
The event was organized after a three week trial period in which the Company’s Livestock Feed was tested and trialed on a few local farms. The tests showed that the cattle preferred the Livestock Feed manufactured by the Company over all other competing brands.
The Livestock Feed manufactured by the Company is 100% Organic and is infused with special enzymes that when combined provide a highly nutritional product as well as a tasty one. Through this promotion, Management of the company feels that the Company should be able to produce and sell over 30,000 Tons of livestock feed and to rear over 5,000 heads of cattle coordinating through the local farmers annually. This represents a 50% increase in our projected Livestock Feed sales and a 30% increase in partnered cattle rearing.
Photos and related news of the day’s event will be published to Sino Agro Food’s web site in the coming days.
Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated “The feedback generated at the event is very promising. At the end of the day the most memorable event was that the HuangYuan Government gave the Company an early Lunar New Year good luck “Red Packet” that is normally given during Lunar New year to wish for a prosperous new year.”
Beacon Equity Research recently published an equity report providing an overview of Sino Agro Food, Inc. This report may be viewed at http://siafchina.com/download/SIAF.pdf. Additional information about the Company may be obtained at http://www.pinksheets.com.
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.
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