13:15 | 31.10.2011
Sino Agro Food, Inc. to Apply for OTCBB Quotation; Company Information to be Available Through Standard & Poor’s Market Access Program
Sino Agro Food, Inc. (OTCQB: SIAF.PK), an emerging integrated,
diversified agriculture technology and organic food company with
principal operations located throughout the Peoples Republic China, is
pleased to announce that the Company has taken steps to apply for
quotation on the Over the Counter Bulletin Board (“OTCBB”). In addition,
the Company has enrolled in Standard and Poor’s (“S&P”) prestigious
Market Access Program and Stock Report Coverage and Compliance Program,
in an effort to increase communications with the investment community.
The Company is currently in talks to secure sponsorship to seek
quotation on the OTCBB. The OTCBB is an SEC and FINRA regulated
quotation service that displays real-time quotes, last-sale prices, and
volume information in over-the-counter (OTC) equity securities.
Generally, all issuers that quote on the OTCBB must be SEC registered
Exchange Act reporting issuers. An OTC equity security generally is any
equity that is not listed or traded on NASDAQ® or a national securities
exchange. OTCBB securities include national, regional, and foreign
equity issues, warrants, units, American Depositary Receipts (ADRs), and
Direct Participation Programs (DPPs).
The Company has also applied for S&P’s Market Access Program and Stock
Report Coverage and Compliance Program, an information distribution
service that enables subscribing publicly traded companies to have their
company information disseminated to users of Standard & Poor’s Advisor
Insight. The company information to be made available through this
program includes share price, volume, dividends, shares outstanding,
company financial position, and earnings. Standard & Poor’s Advisor
Insight is an Internet-based research engine used by more than 100,000
investment advisors. A public version of the site is available at http://www.marketscope.com.
In addition, information about companies in Standard & Poor’s Market
Access Program will be available via S&P’s Stock Guide database, which
is distributed electronically to virtually all major quote vendors. As
part of the program, a full description of Sino Agro Food, Inc. will
also be published in the Daily News section of Standard Corporation
Records, a recognized securities manual for secondary trading in
approximately 38 states under the Blue Sky Laws.
Mr. Solomon Lee, Chief Executive Officer of the Company, stated, “These
recent company developments and corporate actions are part of our
ongoing efforts of increasing Company transparency and increasing our
access to the investment community. Once quoted on the OTCBB, we will
commence moving forward on corporate actions to increase investor
awareness as well as begin taking the necessary actions to apply for
listing on a more senior exchange.”
The Company has filed an updated Corporate presentation with the SEC at http://www.sec.gov/Archives/edgar/data/1488419/000114420411055719/v236222_ex99-2.htm
The Company also recently released a short video documentary covering
operations at http://www.sinoagrofood.com/?q=content/investor-relations
ABOUT SINO AGRO FOOD, INC.
Sino Agro Food, Inc. (“SIAF”) (http://www.sinoagrofood.com)
and (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 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, Inc. 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 “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.
Company information distributed through the Market Access Program is
based upon information that Standard & Poor’s considers reliable, but
neither Standard & Poor’s nor its affiliates warrant its completeness or
accuracy, and it should not be relied upon as such. This material is not
intended as an offer or solicitation for the purchase or sale of any
security or other financial instrument.
|
