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 listing.
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 becomes available.
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, 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 "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.