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 provide shareholders with an update on previously announced initiatives.
Work on the Company’s new corporate web site is nearing completion. The new web site will better reflect the Company’s operations and provide a more modern appearance. The Company will also utilize modern web technologies and social media via the web site to better communicate with our shareholders and prospective investors.
2008 – 2009 Annual Audits and SEC Filings
The audit process has begun with the majority of review work completed. The Company has begun preparing its non-financial information required under Regulation S-K, Standard Instructions for Filing Forms under the Securities Act of 1933. Once the audit and non-financial portion are complete the Company will work with its securities attorney to draft the final document (Form 10) to be submitted to the SEC. The Company is currently on schedule and anticipates publishing 2008 - 2009 audited annual reports by early April.
The Company is expecting a cash dividend distribution for 2010. The Company expects to announce the amount, ex-date and date of record in the next 4 - 6 weeks.
The Company recently conducted a shareholder conference call providing updates on operations and guidance for 2010. To download the complete 15.28 MB version in MP3 format please use the following link.
To down load the Company’s January 2010 Investor Presentation please use the following link:
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.