Astika Holdings, Inc. Continues Its Growth Strategy by Exploring the Acquisition of Special Techniques in Underwater Dredging
February 25 2014 - 7:00AM
Business Wire
* China is the Largest Dredging Market
in the World with More than 29% of the $15bn Total Global
Dredging World Market -
According to the International Association of Dredging Companies
(IADC)
Astika Holdings, Inc. (OTCQB: ASKH) announced today that the
Company is seeking to enter the growing China dredging sector as
part of the strategy through the acquisition of service,
agriculture and industrial companies with Nantong Dredging
Machinery CO., LTD.
“The growth of shipping commerce in conjunction with the
population increasing throughout the Nantong Region offers Astika
Holdings additional growth potential in pursuing Nantong Dredging’s
special techniques in underwater dredging utilizing mechanical
ships for construction of river canal dredging. We believe that an
acquisition of Nantong Dredging’s extensive mechanical engineering
experience and network throughout China will work with Astika’s
plans to expand into the dredging sector. We are excited to begin
these growth opportunities which accelerate our acquisition plans.
We appreciate the support and are excited to lead the Company and
its shareholders into the future, stated Mark Richards, the
director for Astika Holdings."
Nantong Dredging is located in an industrial zone of Shuangdian
Town, Rudong County, Nantong City founded in 1998. Nantong Dredging
employs senior engineers, junior engineers, economic engineers,
specialized workers and senior executives who have developed
special techniques in underwater dredging utilizing mechanical
ships for construction of river canal dredging. In Hebei Province,
Nantong owns a technology complex building and a workshop for parts
manufacturing and assembly. Additionally, in Henan Province,
Nantong owns dock yards for repairing and building ships.
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 a Form 8-K which will be
filed on the US SEC EDGAR system providing the specifics of these
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 CONTACTASTIKA HOLDINGS, INC.Contact: Mark
Richards, DirectorEmail: info@nantongventures.comTel: 64 9 889
3327
Astika Holdings, Inc.Investor RelationsMark Richards, 64 9 889
3327Directorinfo@nantongventures.com
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