Sino Agro Food, Inc. (Pink Sheets:SIAF), an emerging integrated, diversified agriculture technology and organic food company with subsidiaries operating in China, is pleased to announce the Company has secured downstream processing and slaughter house facilities for its beef cattle operations.
SanJiang Agriculture Co. Ltd., a joint venture partner, has agreed to provide slaughter house and processing operations for all of the Company’s beef operations. SanJiang currently operates the largest slaughter house in Xiling City, China. With a total of over 35,000 employees and over $4.4B in assets, SanJiang is considered one of the largest State owned Agricultural companies operating in China. This new agreement will allow the Company to move forward at a faster pace and minimize the costs associated with setting up independent processing operations.
QingHai, HuangYuan, SanJiang APower United Corporation Ltd., the Company’s joint venture project with SanJiang, has also begun construction on a new three story corporate office at the HuangYuan location that will facilitate its management operations. The HuangYuan, China Government additionally has completed construction on a service road that provides direct access to the main highway, eliminating the need to transport product and materials through the congested city center.
Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, “Our logistical operations have greatly improved with the newly constructed service road provided by the Government. With this new access we can begin to focus on larger infrastructure improvements such as the construction of our administrative building for joint operational management. We would like to give special thanks to the HuangYuan District Government for all their support and hard work in the construction efforts.”
The Company would like to further announce that 2008-2009 audits are well underway with much of the review work progressing on schedule. The Company will also be meeting with its Pink Sheet attorney on March 10th, 2010 to complete the required efforts being taken to meet the Pink Sheets Guidelines for Providing Adequate Current Information.
About SINO AGRO FOOD, INC.
Sino Agro Food, Inc. (“SIAF”) 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.
For more information, visit SINO AGRO FOOD, INC.
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