Astika Holdings, Inc. to Enter the Poultry Farming and Food Sector Continuing Its Acquisition Strategy
March 25 2014 - 8:00AM
Business Wire
Astika Holdings, Inc. (the "Company") (OTCQB: ASKH) a strategic
acquisition company of service, agriculture and industrial
companies from the Nantong Region in China and New Zealand
announced today that it is entering negotiations to acquire Nantong
Poultry Farming Co. Ltd., in the food service sector.
Nantong Poultry Farming Co. Ltd., is engaged in poultry
breeding, farming, selling, disease control and technological
support in the food service sector in China. Currently, the
Company’s factory maintains operations of 35,200 square meters (8.7
acres) with over 50,000 poultries with different species for sale
in the food service sector. Nantong Poultry Farming has received
rewards for its technology and for “One of the Best 50 Poultry
Companies in China.” Recently, in order to increase volume and
control costs Nantong Poultry Farming subcontracted part of its
poultry farming business to over 200 local retail poultry farmers.
By utilizing its social network to sell its pigeon eggs throughout
Nantong and Shanghai in 2013, Nantong Poultry Farming reached sales
of 300 million pigeon eggs and created over 50 new job
positions.
Mark Richards, the director for Astika Holdings commented,
“Nantong Poultry Farming Co. Ltd., is part of Astika’s ongoing
strategy to add value through successful project development and
opportunistic high growth sector acquisitions with efficient
operations, while maintaining a low risk profile through project
diversification, astute financial management and operations in
secure jurisdictions."
*In the five years through 2013, revenue for the Poultry Farming
industry in China has been growing at an average annualized rate of
7.8% to $75.8 billion. Industry revenue has been growing steadily
due to rises in poultry prices as well as output growth. Total
poultry meat output is expected to increase 3.1% to $20.5 million
tons in 2013, while revenue is set to grow 8.4%. Revenue in 2018 is
forecast to reach $106.5 billion. China is also the largest egg
producer in the world, accounting for over 40% of global
production. In the decade to 2018, industry value added is expected
to grow at annualized rate of 8.4%, similar to general economy
growth. With consolidation and the emergence of larger poultry and
egg farms, the number of farms in this industry is forecast to
continue to decline over the next five years. (*Source
IBISWorld)
The Company intends to be issuing press releases to its
shareholders in the coming days and weeks outlining a series of
potential acquisitions and expansion. Astika Holdings is in the
process of making the necessary filings in Form 8-K’s, which will
be filed on the US SEC EDGAR system providing the specifics of
developments. The new management intends to position the Company
for an up-listing to a higher exchange such as the NASDAQ BX or
NASDAQ, once the Company meets the financial status and market
share price for up-listing qualification." The Company has begun
the process of integrating management and moving its headquarters
to Grey Lynn, Auckland, New Zealand.
Astika Holdings, Inc. (OTCQB: ASKH)
(http://nantongventures.com)Astika Holdings is focused on a variety
of strategic acquisitions in service, agriculture and industrial
companies to compliment and grow Astika Holdings, Inc.'s business.
The Company is positioning to capture the next wave of growth
companies from Asia. Astika Holdings is focused on the Nantong
region of China and is positioning to negotiate with growth
companies from the Nantong region. Nantong is known as a "Pearl of
the River and Sea," ideally situated near the mouth of the Yangtze
River with a rich and diverse history dating back to the Chinese
Han Dynasty. Inhabitants first lived in the region 5,000 years ago
because of its abundant natural resources and access to the Yangtze
River. Nantong has a national reputation of "the First Window on
the Yangtze River" and is one of the China's prized national
tourist centers. As the centerpiece in the Yangtze Delta Economic
Zone, Nantong has enjoyed rapid economic growth and increasing
foreign investments. The city is listed on the China's Top 100
Counties (county-level cities) for its strong economy. Nantong is
one of China's first fourteen coastal cities open to international
trade. Nantong is poised for accelerated economic growth with new
bridges over the Yangtze River connecting the Nantong region to the
Shanghai metropolitan region. With the development of the Rudong
Yangkou Harbor Nantong offers the only natural deep water harbor in
central China's coast with access to China's largest markets.
Nantong's rich history of economic prosperity and growth converge
with national modernization continue to make Nantong a major center
for economic development in China. Astika Holdings intends to be a
high growth company focused on adding value through successful
project development, efficient operations, and opportunistic
acquisitions while maintaining a low risk profile through project
diversification, astute financial management and operating in
secure jurisdictions.
Forward-Looking Statements - This press release may contain
certain forward-looking statements within the meaning of Section
27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended,
and such Forward Looking Statements are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties. All
statements other than statements of historical fact in this
announcement are forward-looking statements, including but not
limited to the viability of the company's business plans, the
effect of acquisitions on our profitability, the effectiveness,
profitability, and the marketability of the Company's products; the
Company's ability to protect its proprietary information; general
economic and business conditions; the volatility of the company's
operating results and financial condition; and other risks detailed
in the Company's filings with the Securities and Exchange
Commission. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the
company and the industry. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or to changes in its expectations, except
as may be required by law. Although the company believes that the
expectations expressed in these forward-looking statements are
reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
INVESTOR RELATIONS CONTACT ASTIKA HOLDINGS, INC. Contact: Mark
Richards, Director
Email: info@nantongventures.com
Tel: 64 9 889 3327
Astika Holdings, Inc.Mark Richards, 64 9 889
3327Directorinfo@nantongventures.com
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