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 announce the Company`s 78% owned subsidiary ZhungXing
Cattle Husbandry Co. Ltd. has paid the required deposit to import 1,800 head of
cattle from Uruguay. The shipment is scheduled for delivery February 2010.
The Company currently has 3,500 milking cows in production, 1,400 milking cows
on standby, 1,200 in nursery and 880 beef cattle. This latest shipment will
bring the total cattle and milking herd to over 8,700. This will represent a 23%
increase in dairy production capabilities.
Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, "By importing quality cattle
from Uruguay, the imported cattle will be used to breed a more productive herd.
The breeding cycle takes up to three years, by which time we expect to increase
our production from 6.89 tons of milk per cow to 8.5 tons by 2013. This will
allow us to increase production while maintaining the same unit cost of
production thereby increasing both our gross and net profits."
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.
Sino Agro Food, Inc.
CEO Mr. Solomon Lee, 86-20-22057860
info@siafchina.com
Copyright Business Wire 2009
