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SAI Sunshine Agri Tech Inc

0.02
0.00 (0.00%)
30 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sunshine Agri Tech Inc TSXV:SAI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.02 0.005 0.05 0 01:00:00

Sunshine Agri-Tech Inc. to Triple Bio-Feed Production Capacity Through a Strategic Agreement With Jilin University

28/06/2011 5:41pm

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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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