IND DAIRYTECH LIMITED ANNOUNCES NORMAL COURSE ISSUER BID

VANCOUVER, March 14 /CNW/ -- 
VANCOUVER, March 14 /CNW/ - IND DairyTech Limited ("IND" or "the
 Company") (TSXV:IND) announces that it has received approval from the
 TSX Venture Exchange (the "Exchange") in respect of the Company's
 intention to make a Normal Course Issuer Bid (the "Bid") to purchase
 for cancellation, from time to time, as it considers advisable, up to
 5,726,466 common shares (the "Common Shares") of the Company's capital,
 representing 5% of the issued and outstanding Common Shares as of March
 14 2011.


The Bid will commence on or about March 16, 2011 and will terminate on
 or about the earlier of March 16, 2012 and the date on which the
 Company has acquired the number of Common Shares sought in the Bid. 
 The Company reserves the right to terminate the Bid earlier as it deems
 advisable. All Common Shares acquired under the Bid will be returned to
 treasury for cancellation. Common Shares will be purchased on open
 market through the facilities of the Exchange, on behalf of the Company
 by the its broker, BMO Nesbitt Burns, at the prevailing market price of
 such Common Shares on the Exchange at the time of such purchase and in
 accordance with the Exchange requirements.


The Board of Directors of the Company believes that the Common Shares
 are undervalued at current market prices and do not fully reflect their
 underlying value.  The Bid will have a concentrative effect on the
 remaining Common Shares and afford an increased degree of liquidity to
 the Company's shareholders.


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.


To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2011/14/c2828.html



p/p 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" /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

Copyright