NEW YORK and GUANGZHOU, China, April 7, 2015 /PRNewswire/ -- Sino Agro Food, Inc. (OTCQB: SIAF.OB), an integrated, diversified agriculture technology and organic food company ("the Company") with principal operations in the People's Republic of China, is pleased to announce that it has retained Burnham Securities Inc. ("BSI, Burnham"). BSI was founded by I.W. Burnham II who established Burnham & Co. in 1935, which evolved into the legendary firm, Drexel Burnham Lambert.
SIAF is a vertically-integrated Chinese protein food producer (seafood and beef), and a global leader in recirculating aquaculture systems (RAS) for prawns.
Sino Agro Food, Inc.
Dragon Fruit plantation managed by Sino Agro Food's subsidiary JHST.
Sino Agro Food CEO Solomon Lee commented, "I am very pleased to announce the engagement of Burnham. This is another milestone in Sino Agro Food's corporate strategy to successfully complete the investment plan we initiated in 2010. Burnham and its relationships with major China-based investment funds have the potential to bring SIAF deep alliances and experience in the capital markets that could help us to continue to enhance shareholder value." Sino Agro Food reported record 2014 revenues of over $404 million and more than $92m in after-tax net income on its recent Form 10-K.
Burnham Securities' Dan McClory, Managing Director and Head of China Investment Banking, described the engagement with SIAF as "an outstanding opportunity to work with a major Chinese agribusiness focused on sustainable protein food and produce, and strengthen the strategic investment approach of Chairman Lee. SIAF is in an advantageous position in the world's largest market for agriculture," McClory concluded.
About Sino Agro Food, Inc.
Sino Agro Food, Inc. is an agriculture technology and natural food holding company with principal operations in the People's Republic of China. The Company acquires and maintains equity stakes in a cohesive portfolio of companies that SIAF forms according to its core mission to produce, distribute, market and sell natural, sustainable protein food and produce, primarily seafood and cattle, to the rapidly growing middle class in China. SIAF provides financial oversight and strategic direction for each company, and for the interoperation between companies. The Company owns or licenses patents, proprietary methods, and other intellectual properties in its areas of expertise. SIAF provides consulting and services to joint venture partners to construct and operate food businesses, primarily producing wholesale protein foods. Further joint ventures market and distribute the wholesale products as part of an overall "farm to table" concept and business strategy.
Burnham Securities Incorporated and Burnham Asset Management Corporation are divisions of Burnham Financial Group, which was formed in 1989 by the late I.W. Burnham, II (founder of Burnham & Co. in 1935 and Drexel Burnham Lambert) and Jon M. Burnham. Burnham Financial Group offers financial services and expertise to a select group of institutions, companies, and individuals. The firms' capabilities include institutional asset management, wealth management, institutional trading and brokerage services, investment banking, securities underwriting, and corporate finance. The firm's headquarters are in New York, with offices in Los Angeles and Houston. Burnham Asset Management is a Registered Investment Advisor and manages the Burnham Investors Trust, a mutual fund family. For more information on Burnham, go to www.burnhamfinancial.com.
For Burnham Securities Inc.:
Contact: Dan McClory, Managing Director [email protected] +1 949.379.6103
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