Sino Agro Food, Inc. Completes 2006-2007 Financial Audit

GUANGZHOU, CHINA, Jul 06 (MARKET WIRE) --
Sino Agro Food, Inc. (PINKSHEETS: SIAF), an emerging integrated,
diversified agriculture technology and organic food company with
subsidiaries operating in China, is pleased to announce it has completed
the audit of its 2006-2007 financial statements. The company will now
turn its attention towards completing the audit of its 2008 financial
statements. The company also expects to report 2009, 1st Quarter results
shortly.

Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, "Completing the 2006
through 2007 audit of the Company's financial statements is a huge step
towards our short term goal of being quoted on the OTCBB and future desire
to move towards a NASDAQ listing. This was our biggest hurdle as the audit
involved accounting for our previous acquisitions and translating the
Company's financial statements to GAAP accounting standards."

Highlights for 2007 audited financials.

Income Statement

-- Revenue of $16.2M US Dollars
-- Gross Profit of $12.2M US Dollars
-- Net Income of $3.1M US Dollars
-- $0.06 Diluted Earnings Per Share

Balance Sheet

-- Assets $62.8M US Dollars
-- Liabilities $15.7M US Dollars
-- Stockholders' Equity $47.1M US Dollars
-- $0.89 Book Value Per Share

Download complete 2006-2007 audit report by clicking here.

The Company will also be publishing the 2006-2007 audit report to
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.

Contact:
Sino Agro Food, Inc.
Tel: 6012-2004963
Email: Email Contact

Copyright 2009, Market Wire, All rights reserved.

-0-