IND DAIRYTECH LIMITED ANNOUNCES CHANGE IN FINANCIAL YEAR END

VANCOUVER, Feb. 1 /CNW/ -- 
VANCOUVER, Feb. 1 /CNW/ - IND DairyTech Limited ("IND" or "the Company")
 (TSXV:IND) announces that it has changed its financial year end from
 December 31 to March 31 in order to avoid having the annual financial
 statement audit occur during the annual Chinese spring festival
 holiday. As a result of this change, the Company will have a
 transitional 15-month financial year ending March 31, 2011. The Company
 will file unaudited interim consolidated financial statements for the
 period ended December 31, 2010.


For details regarding the length and ending dates of the financial
 periods, including the comparative periods of the interim and annual
 financial statements to be filed for the Company's transition year and
 its new financial year, reference is made to the Notice of Change in
 Fiscal Year End filed by the Company on SEDAR pursuant to National
 Instrument 51-102, a copy of which is available electronically at www.sedar.com.


About IND DairyTech Limited


IND, through its operating subsidiaries, is an emerging raw milk and
 Holsteins producer in China that is seeking to become a leading
 provider of high quality raw milk and Holsteins to the Chinese dairy
 industry. To meet China's increasing demand for dairy products, the
 Company is using Canadian cattle genetics and North American farming
 practices to establish and develop its dairy herd in China.


The Company plans to develop its herd in China through the use of
 advanced breeding techniques employing Canadian Holstein embryos that
 it intends to use to impregnate surrogate cows. These embryos have been
 created through in vitro fertilization using sexed semen to achieve an
 approximate 90% female birth rate. The use of these advanced breeding
 techniques is expected to allow the Company to rapidly expand its herd.
 The use of Canadian Holstein embryos also provides a practical solution
 to China's ban on the import of live Canadian cattle.


The TSX Venture Exchange has not reviewed and does not accept
 responsibility for the adequacy or accuracy of this release.


FORWARD LOOKING INFORMATION


Certain information set out in this News Release constitutes
 forward-looking information, which may include information relating to
 estimates of sales and revenue of IND. Forward-looking statements
 (often, but not always, identified by the use of words such as
 "expect", "may", "could", "anticipate" or "will" and similar
 expressions) may describe expectations, opinions or guidance that are
 not statements of fact and which may be based upon information provided
 by third parties. Forward-looking statements are based upon the
 opinions, expectations and estimates of management of the Company as at
 the date the statements are made and are subject to a variety of known
 and unknown risks and uncertainties and other factors that could cause
 actual events or outcomes to differ materially from those anticipated
 or implied by such forward-looking statements. In light of the risks 
 and uncertainties associated with forward-looking statements, readers
 are cautioned not to place undue reliance upon forward-looking
 information. Although the Company believes that the expectations
 reflected in the forward-looking statements set out in this press
 release or incorporated herein by reference are reasonable, it can give
 no assurance that such expectations will prove to have been correct.
 The forward-looking statements of the Company contained in this press
 release, or incorporated herein by reference, are expressly qualified,
 in their entirety, by this cautionary statement.


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table valign="top" border="0"tr valign="top"td align="left"Jesse Zhubr/ Chief Executive Officerbr/ IND DairyTech Limitedbr/ 604-522-1619/td td align="left" /td td align="left" /td td align="left" /td td align="left" /td td align="left" /td td align="left"Selen Zhoubr/ Corporate Secretarybr/ IND DairyTech Limitedbr/ 604-522-1619/td/tr/table

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