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QingHai, HuangYuan, SanJiang APower United Corporation Ltd. Announces Major Shift in Business Plan, Increasing Farmer Cooperatives by over 50%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 QingHai, HuangYuan, SanJiang APower United Corporation Ltd., the Company's joint venture project with SanJiang Agriculture Co. Ltd., is expanding its co-op beef cattle operations with selected farmers from the HuangYuan, China area. Until recently, the Company had been intending to purchase co-op raised calves after they had reached 4-5 months maturity; bringing them to premium weight in-house before slaughter. Under a new arrangement, co-op farmers will lease the company's facilities and raise the livestock to premium weight before selling the cattle to the Company. The Company will supply the basic infrastructure, livestock feed, health and veterinary care, cleaning, hygiene and waste treatment. This new process further reduces the Company's exposure to livestock loss from mortality, disease, infection, or other adverse conditions that could occur. In addition, Government grants and insurance are being provided to co-op farmers to absorb their added risk exposure. So far, the interest from local farmers has been overwhelming in contracting with the Company for its leased facilities. Taking these new operational improvements into consideration, the Company anticipates increasing its projection of 2,000 head of beef cattle to over 3,000 head of beef cattle being processed in 2010. Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, "All-in-all the HuangYuan District has practically provided all of the support one could hope for in a public-private partnership. Now the Company's main job is to coordinate our co-op partners in an economically efficient manner to produce maximum benefits. This adjustment to our business model will allow us to grow at a much faster pace yielding higher returns on our investment. Recent approval by the Agriculture Development Bank of China, on a 10M RMB credit line to farmer cooperatives, as well as increasing participation from our joint venture partners has allowed us to adjust our business plan to a more efficient model for the Company." 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. http://www.mediafire.com/?1fmqnuymmqn To down load the Company's January 2010 Investor Presentation please use the following link: http://www.mediafire.com/?mmmjjhunm1g 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. |
