Sino Agro Food, Inc. Replaces Audit Firm with Anthony Kam and
Associates, Ltd.
GUANGZHOU, China, June 19, 2013 /PRNewswire/ -- Sino Agro
Food, Inc. (OTC BB: SIAF.OB), an emerging integrated, diversified
agriculture technology and organic food company ("the Company")
with principal operations located throughout the People's Republic of China ("PRC"),
announces that on June
19th it appointed Anthony
Kam and Associates, Ltd. ("AKA") as its new independent
registered public accounting firm.
Ted Madsen, the remaining principal
of the Company's prior independent registered accounting firm,
Madsen & Associates CPAs, is retiring, and the firm is winding
down all its audit engagements. The Company expresses its
appreciation and well wishes to Ted, after his six years of
diligent audits.
AKA is a well-established international audit and accounting
firm headquartered in Hong Kong,
with the capability to issue audit reports in U.S. GAAP, IFRS, and
China accounting standards. It is
registered with the PCAOB and is also a registered auditor in
Hong Kong. AKA has five affiliated
certified public accounting firms with principal places of business
in Hong Kong, Guangzhou and Zhuhai in China, Malaysia, Singapore, and Indonesia. Over 190 professional and staff
members manage and operate the Hong
Kong and China accounting
firms.
Given Sino Agro Food, Inc.'s plans to seek debt financing to
complete the business developments under its five year plan, and to
expand its market presence in Hong
Kong, the Company feels it advantageous to engage the
services of a qualified Hong Kong
audit firm; one that is duly registered with the PCAOB, and well
staffed to meet SEC reporting requirements in a timely manner.
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.
SOURCE Sino Agro Food, Inc.