SOURCE: Sino Agro Food, Inc.

June 16, 2009 10:15 ET

Sino Agro Food, Inc. to Register With Securities and Exchange Commission and Seek Quotation on the OTCBB

GUANGZHOU, CHINA--(Marketwire - June 16, 2009) - 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 that it intends to file a Form 10 with the Securities and Exchange Commission. Upon the receipt of notice that the SEC staff has no comments on the filling, the Company shall seek to have its securities qualified for quotation on the OTCBB.

The company's auditor, Madsen and Associates, CPA's Inc., a PCAOB registered firm, is in the final stages of completing the audit of the Company's 2007 financial statements and will begin work on 2008 audit shortly.

The company has also retained Michael T. Williams, Esq. of the Williams Securities Law Firm to draft the company's Form 10 and assist in the filing and quotation qualification process.

"The filing of a Form 10 with the SEC, when effective and cleared, will make the Company a fully-reporting company under the Securities Exchange Act of 1934 and thus qualified to have its securities quoted on the OTCBB," stated Mr. Williams.

The Company expects to publish its audited financials as soon as they are completed at pinksheets.com until such time as the Company can file its Form 10.

Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, "We anticipate that the bulk of the documentation needed for the preparation of the non-financial statement part Form 10 should be completed within the month of June 2009. This is our first step to increasing transparency for shareholders as we strive to have our securities qualified for quotation on the OTCBB."

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 high-margin 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 agricultural production of capers utilizing modern cultivation technologies. SIAF's products are produced to meet the high organic quality standards of the United Kingdom. SIAF is owner of two patented processes, the conversion of corn stalk into high quality feed for livestock and the manufacturing of Bio-Organic fertilizer. Currently the Company has total employment of 520 persons including more than 60 highly qualified and experienced management staff and consultants.

SINO AGRO FOOD, INC. OPERATING SUBSIDIARIES

Capital Award Inc., a Belize Corporation, is engaged in the promotion, development and management of modern fishery projects.

ZhungXing Cattle Husbandry Co. Ltd., a China company, is engaged in the planning, development, operation and management of modern diary and cattle farms in China.

Hang Sing Tai Agriculture Development Co. Ltd, a China company, is a horticulture company engaged in the planning, development, operation and management of Hylocereus Undatus plantations, commonly known as Bean Capers or Pitaya.

SanJiang A Power Agriculture Development Co. Ltd., a China company, is the manufacturer of Bio-Organic fertilizer and Stock-Feed for the consumption of beef cattle, cows and sheep and the development of other agriculture and livestock businesses.

Guangzhou A Power Agriculture Development Co. Ltd., a China company, is the developer of a modern fishery project in Guangzhou City, China aiming at the production of 7,000 Tons of chemical and pollution free table fish and fish products by 2013 and targeting the initial production of 500 Tons by June 2010.

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 Information

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