GUANGZHOU, China, Feb. 19, 2013 /PRNewswire/ -- Sino Agro
Food, Inc. (OTCBB: SIAF), an emerging integrated, diversified
agriculture technology and organic food company (the "Company")
with its principal operations located throughout the Peoples Republic of China ("PRC"), is
pleased to update shareholders on its progress for cross-listing on
NASDAQ-OMX First North.
The Company would like to inform shareholders that there are (5)
actions involved in completing the First North listing
process. Namely, these consist of drafting a Company
Description (prospectus), performing Legal Due Diligence, listing
application to First North, affiliation to Euroclear Sweden, and a
lead-time (generally 10 days) for shareholders who wish to transfer
shares to Euroclear Sweden. The Company's Certified Advisor
to First North, Erik Penser Bank, is assisting the Company
throughout each step of the process.
The Company anticipates publicly releasing its Company
Description (prospectus), and having its Legal Due Diligence
exercise completed in three weeks. The listing application to
First North is conducted in concert with completion of these two
items. In addition, the affiliation and share conversion
process with Euroclear Sweden follows First North's approval for
In the interim, Mr. Solomon Lee,
CEO intends to release a shareholder letter to discuss overall
progress in Company operations, its financing structure, and
discussing progress made to date under its 5-year plan (2010
through 2014). The Company anticipates releasing this
memorandum within the next two weeks.
Sino Agro Food, Inc. is aware of shareholder interest in its
progress, and will continue to release relevant information as it
ABOUT SINO AGRO FOOD, INC.
Sino Agro Food, Inc. ("SIAF") (http://www.sinoagrofood.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 beef and lamb products, fish products, bio-organic fertilizer,
stock feed and cash crops.
Not a Broker/Dealer or Financial Advisor
Sino Agro Food, Inc. is not a Registered Broker/Dealer or a
Financial Advisor, nor does it hold itself out to be a Registered
Broker/Dealer or Financial Advisor. All material presented in this
press release, on the Company's website or other media
is not to be regarded as investment advice and is
only for informative purposes. Readers should verify all claims and
conduct their own due diligence before investing in Sino Agro Food,
Investing in small-cap, micro cap and penny stock securities
is speculative and carries a high degree of risk.
No Offer of Securities
None of the information featured in this press release
constitutes an offer or solicitation to purchase or to sell any
securities of Sino Agro Food, Inc.
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 "estimates," "believes," "anticipates," "intends," expects"
and 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.
SOURCE Sino Agro Food, Inc.