Momentum in China Continues as Astika Holdings, Inc. Prepares for Growth in the Nantong Region
April 29 2014 - 4:30PM
Business Wire
* Since the start of China’s economic reforms in the 1990’s,
Jiangsu Province – Nantong City has been a hot spot for economic
development, and is now one of the wealthiest provinces in China
with a GDP comparable to that of Switzerland and is economically
the most advanced and dynamic province in China.
Astika Holdings, Inc. (the "Company") (OTCQB: ASKH) a strategic
acquisition company of service, agriculture and industrial
companies from the Nantong Region in China confirmed its decision
to engage in international trade and transactions with Nantong
since its economic growth and foreign investments have exceeded all
other cities in China’s Yangtze Economic Zone.
Mark Richards, the director for Astika Holdings stated,
"Astika's ongoing strategy through opportunistic high growth sector
acquisitions include Nantong Dredging Machinery CO., LTD., in the
dredging and shipping sector, the Company's agriculture 'Green
Future' initiatives with Nantong’s Grain Seeder of High Accuracy
and the Industrial Hemp sector along with Astika's entrance into
negotiations with Nantong Poultry Farming Co. Ltd., in the food
service sector intend to benefit the future of Astika's
shareholders along with the Asian, New Zealand and World Markets.
We believe to be on track for significant growth with the initial
acquisitions from the Nantong Region to deliver revenue and
earnings growth."
In the 1990’s, Nantong was one of the 14 coastal cities
permitted to engage in international trade, and its rapid economic
growth is attributed to its advantageous location situated on the
northern bank of the Yangtze River connected by two new bridges to
Shanghai. Due to its excellent geographical location, Foreign
Direct Investment Nantong has become a major destination for
domestic and foreign investment making the city one of the fastest
growing in China. The main area for foreign investment is the
Nantong Economic and Technological Development Zone, which includes
the Nanjing Export Processing Zone, and the Nantong High-Tech
Industrial Development Zone. Nantong also serves as a
transportation hub with the Nantong Port operating as one of the 10
largest ports in China for containers from Hong Kong, Japan and
South Korea. Related to the port, Nantong’s shipbuilding sector is
one of the largest in China with shipyard giants COSCO, Rongsheng,
Yahua and Daoda. Additionally, Nantong has an extensive irrigation
system supporting its agriculture, with its main cash crops include
cotton, soybeans, peanuts, rapeseed, sesame, ambary hemp, tea,
rice, wheat, maize, sorghum, peppermint, spearmint, bamboo,
medicinal herbs, apples, pears, peaches, loquats and ginkgo.
The completion of the acquisitions are dependent on, among other
things, the completion of due diligence satisfactory to the
Company, and the completion of the PCAOB audit under US GAAP. The
parties have agreed that the acquisition will not engage in any
negotiations or discussions with other potential acquirers and have
also agreed to maintain the confidentiality of all of the
acquisitions in order to protect the acquisition's competitive
interests, and the interests of its many customers and employees,
during the period of the acquisitions. Astika Holdings is in the
process of making the necessary filings which will be filed on the
US SEC EDGAR system providing the specifics of developments and
intends to position the Company for an eventual up-listing to a
higher exchange such as the NASDAQ BX or NASDAQ, once the Company
meets the financial status and market share price for up-listing
qualification.
Astika Holdings, Inc. (OTCQB: ASKH)
(http://nantongventures.com)Astika Holdings is focused on a variety
of strategic acquisitions in service, agriculture and industrial
companies to compliment and grow Astika Holdings, Inc.'s business.
The Company is positioning to capture the next wave of growth
companies from Asia. Astika Holdings is focused on the Nantong
region of China and is positioning to negotiate with growth
companies from the Nantong region. Nantong is known as a "Pearl of
the River and Sea," ideally situated near the mouth of the Yangtze
river with a rich and diverse history dating back to the Chinese
Han Dynasty. Inhabitants first lived in the region 5,000 years ago
because of its abundant natural resources and access to the Yangtze
river. Nantong has a national reputation of "the First Window on
the Yangtze River" and is one of the China's prized national
tourist centers. As the centerpiece in the Yangtze Delta Economic
Zone, Nantong has enjoyed rapid economic growth and increasing
foreign investments. The city is listed on the China's Top 100
Counties (county-level cities) for its strong economy. Nantong is
one of China's first fourteen coastal cities open to international
trade. Nantong is poised for accelerated economic growth with new
bridges over the Yangtze River connecting the Nantong region to the
Shanghai metropolitan region. With the development of the Rudong
Yangkou Harbor Nantong offers the only natural deep water harbor in
central China's coast with access to China's largest markets.
Nantong's rich history of economic prosperity and growth converge
with national modernization continue to make Nantong a major center
for economic development in China. Astika Holdings intends to be a
high growth company focused on adding value through successful
project development, efficient operations, and opportunistic
acquisitions while maintaining a low risk profile through project
diversification, astute financial management and operating in
secure jurisdictions.
Forward-Looking Statements - This press release may contain
certain forward-looking statements within the meaning of Section
27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended,
and such Forward Looking Statements are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties. All
statements other than statements of historical fact in this
announcement are forward-looking statements, including but not
limited to the viability of the company's business plans, the
effect of acquisitions on our profitability, the effectiveness,
profitability, and the marketability of the Company's products; the
Company's ability to protect its proprietary information; general
economic and business conditions; the volatility of the company's
operating results and financial condition; and other risks detailed
in the Company's filings with the Securities and Exchange
Commission. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the
company and the industry. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or to changes in its expectations, except
as may be required by law. Although the company believes that the
expectations expressed in these forward-looking statements are
reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
INVESTOR RELATIONS CONTACTASTIKA HOLDINGS, INC.Contact: Mark
Richards, DirectorEmail: info@nantongventures.comTel: 64 9 889
3327
Investor RelationsAstika Holdings, Inc.Mark Richards, 64 9 889
3327Directorinfo@nantongventures.com
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