Sunshine Agri-Tech Inc. to Triple Bio-Feed Production Capacity Through a Strategic Agreement With Jilin University
June 28 2011 - 11:41AM
Marketwired
Sunshine Agri-Tech Inc. (TSX VENTURE: SAI) ("Sunshine Agri-Tech" or
the "Company") is pleased to announce that it has signed a
production and research and development agreement (the "Agreement")
with Jilin University.
Under the agreement, Jilin University, one of China's most
prestigious universities, will provide Sunshine Agri-Tech with
access to its new feed production line for the production and sale
of bio-feed products. This new production line is highly automated
and has a capacity of 30,000 tonnes per year. Based on the
Company's existing capacity of 10,000 tonnes per year, this
agreement will triple the capacity of infeedmill production.
The agreement also provides for cooperation in research and
development in the areas of animal husbandry, livestock feed
development and a veterinary science under the Faculty of
Agriculture.
"We are extremely pleased with the opportunity to carry out
production and research and development in bio-feed in cooperation
with the Faculty of Agriculture of Jilin University," stated Baojun
Zhang, Sunshine Agri-Tech CEO. "In addition to removing our
capacity constraints in production of Bio-Feed, this agreement will
provide us access to Jilin University's research experts and the
experimental conditions to help us to develop new technologies and
new products."
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.
On Behalf of the Board of Directors
SUNSHINE AGRI-TECH INC.
Baojun Zhang, PhD
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: Sunshine Agri-Tech Inc. Jin Kuang 604-291-7460
www.sunshineagritech.com
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