Astika Holdings, Inc. to Expand Its Agriculture Acquisitions into the Industrial Hemp Sector
18 3월 2014 - 7:00AM
Business Wire
Astika Holdings, Inc. (the "Company") (OTCQB: ASKH) a strategic
acquisition company of service, agriculture and industrial
companies from the Nantong Region in China announced today that it
is entering into the Industrial Hemp sector through partnerships
with current leaseholders with the goal of acquiring operating
facilities to begin its own facilities in Asia and New Zealand.
Astika further announces the launch of Nantong HZ Hemp Co. Ltd
which shall be utilized for Industrial Hemp and related projects.
Astika’s entrance into the Industrial Hemp sector is in conjunction
with Astika's commitment to acquisitions and development of
agriculture in Asia and New Zealand.
Mark Richards, the director for Astika Holdings stated, “Global
demand for hemp is increasing. The Company’s existing relationships
with China coupled with New Zealand infrastructure for seed
production and food processing along with New Zealand’s temperate
climate and ideal soils offers Astika a position to capture the
added value and economic benefits that this opportunity presents.
We are rapidly adding to Astika’s plans in agriculture by focusing
our attention on acquisitions and partners in the high-profile
Industrial Hemp sector in China, New Zealand and the world markets.
We are excited about this sector and growth opportunity for Astika
Holdings and look forward to accelerating all of the Company’s
acquisition plans. We appreciate the support and are excited to
lead the Company and its shareholders into the future."
Since the Industrial Hemp industry is expanding at a rapid pace
Astika has accelerated the Company’s negotiations with its
relationships in the Nantong Region in China and New Zealand to
expand into the sector. With China being the single largest
supplier of U.S. imports of raw and processed hemp fiber and seed
producer it will continue to have major influence on market prices
and thus on the year-to-year profits of producers and processors in
other countries. According to the 2012 Annual Retail Sales for Hemp
Report, the Hemp Industries Association (HIA) estimates that the
total U.S. retail value of hemp products in 2012 was nearly $500
million. China is the largest producing and exporting nation of
hemp textiles and related products, as well as a major supplier of
these products to the United States. “China produces 38% of the
world’s hemp fiber supply; and 80% of the world’s hemp seed supply.
The Chinese plan to increase the current 150,000 acres of hemp
production to over 1,000,000+ acres over the next decade,” Malinda
Geisler of the Agricultural Marketing Resource Center.
Astika Holdings is in the process of making the necessary
filings in Form 8-K whichK, which will be filed on the US SEC EDGAR
system providing the specifics of 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.Mark Richards, 64 9 889
3327Directorinfo@nantongventures.com
Astika (PK) (USOTC:ASKH)
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Astika (PK) (USOTC:ASKH)
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