Sunshine Agri-Tech Inc. Purchases Land for Production Facility Development
November 15 2010 - 8:00AM
Marketwired Canada
Sunshine Agri-Tech Inc. (TSX VENTURE:SAI) ("Sunshine Agri-Tech" or the
"Company") is pleased to announce its purchase of 16,971 square meters of land
in Changchun, China, as it plans to construct a production facility with
completion expected to happen in the 3rd quarter of 2011. Facility design has
been completed and production permits have been granted from the Chinese
Environmental Department.
Sunshine Agri-Tech currently leases a production facility in Changchun, China,
with maximum production capacity of $5 million worth of the Company's bio-feed
products. The new production facility to be located in the Changchun Economic
and Development District will increase the capacity by 10 times, allowing for
the Company to meet the growing demand for its bio-feed products with production
values reaching $50 million.
"We are extremely pleased with the opportunity to increase the scale of
production with our new facility, as we aim to meet our products growing
demand," stated Baojun Zhang, Sunshine Agri-Tech CEO. "With substantial and
sustained growth as a corporate goal of ours, the building and completion of the
production facility will be a big step in moving towards this goal."
The Company is fully permitted for production of its feed additives and additive
mix, granted by the Chinese Agricultural Department on July 22nd, 2010.
About Sunshine Agri-Tech Inc.:
Sunshine Agri-Tech Inc. (TSX VENTURE:SAI) is a public company listed on the TSX
Venture exchange. The Company is engaged in the research, development,
production and sales of bio-feed, microbial feed additives and related products
that aim to improve the health and performance of animals. The Company's line of
products include: (a) bio-feed; and, (b) microbial feed additives. The Company
currently sells its products throughout China and Japan, and is beginning
expansion into Southeast Asia. The Company is based in the city of Dalian in the
Peoples Republic of China.
For more information about Sunshine Agri-Tech Inc. please visit our website
www.sunshine-agri.com or call 778-331-2031 for a full corporate profile.
On Behalf of the Board of Directors
SUNSHINE AGRI-TECH INC.
Baojun Zhang, PhD, CEO and President
FORWARD-LOOKING STATEMENTS: This press release contains forward-looking
statements, which address future events and conditions, which are subject to
various risks and uncertainties. The Company's actual results and financial
position could differ materially from those anticipated in such forward-looking
statements as a result of numerous factors, some of which may be beyond the
Company's control. These factors include: results of exploration activities and
development of mineral properties, fluctuations in the marketplace for the sale
of minerals, the inability to implement corporate strategies, the ability to
obtain financing, currency fluctuations, general market and industry conditions
and other risks disclosed in the Company's filings with Canadian Securities
Regulators.
Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made. The assumptions used
in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Company expressly
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise.
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