Sunshine Agri-Tech Inc. Purchases Land for Production Facility Development
November 15 2010 - 8:00AM
Marketwired
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Senergy Communications Inc. Anthony Zelen 778-331-2031
info@senergyir.com or info@sunshine-agri.com
www.sunshine-agri.com
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