Sunshine Agri-Tech Inc. Announces Increased Feedmill Production
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/14/11 -- Sunshine Agri-Tech Inc. (TSX VENTURE: SAI) ("Sunshine" or the "Company") today announced that as of September 2011, it has begun production of feed under its agreement with Jilin University entered into in June 2011.
Under the agreement, Jilin University is providing Sunshine Agri-Tech with access to its new feed production line for the production and sale of bio-feed products. This new production line has a capacity of 30,000 tonnes per year which management expects to reach by August 2012.
"This agreement with Jilin University increases our capacity constraints in Bio-Feed, as well as providing us access to Jilin University's research experts and the experimental conditions to help us to develop new technologies and new products," stated Baojun Zhang, Sunshine Agri-Tech CEO. "Further, in anticipation of reaching full capacity under this agreement in 2012, we have entered into discussions regarding the addition of another 100,000 tonnes of capacity."
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.
This news release contains certain statements that may be deemed "forward looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects,", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward looking statements, except as required by law, in the event that management's beliefs, estimates or opinions, or other factors, should change.
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EWC Corporation
Robert Wilson
416-603-7500
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Datum: 14.12.2011 - 14:27 Uhr
Sprache: Deutsch
News-ID 1066130
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Livestock
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