$ASKH NEWS OUT !!
Astika Holdings, Inc. Announces New Corporate Direction
Astika Holdings, Inc. 41 minutes ago
AUCKLAND, New Zealand--(BUSINESS WIRE)--
Astika Holdings, Inc. ( ASKH ) today announced that the company intends to expand outside of its USA regional market to pursue a vertical integration strategy through the acquisition of service, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business.
Commenting on the strategy, the new director, Mark Richards, explained, "While the USA industrials remain strong nationally, we felt that the business model of combining our global industrial relationships in Asia with Astika Holdings would become the primary operations. As a result, management believes that focusing our efforts on the acquisition of service, agriculture and industrial companies would represent the greatest potential for shareholder return. We are excited about this new direction for Astika Holdings, Inc. and look forward to accelerating our growth plans. We appreciate the support previous management has given us during the initial stages and are excited to lead the Company and its shareholders into the future. The Company intends to be issuing press releases to its shareholders in the coming days and weeks outlining a series of potential acquisitions and expansion of Astika Holdings."
Mr. Richards, who will also hold the title of Chief Executive Officer, also announced that, “Astika Holdings is in the process of making the necessary filings in a Form 8-K which will be filed on the US SEC EDGAR system providing the specifics of these 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.”
Under the contemplated transactions for the acquisition of service, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business, the Company intends to deliver common shares to achieve the contemplated transactions. The Company has no immediate intention to dilute the current share structure of the company however under the contemplated transactions for the acquisition of service, agriculture and industrial companies to compliment and growth for Astika Holdings, Inc.’s business, the Company intends to deliver restricted common shares to achieve the contemplated acquisitions and transactions. The Company has begun the process of integrating management and moving its headquarters to Grey Lynn, Auckland, New Zealand.
Astika Holdings, Inc. ( ASKH )
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. As the centerpieces for Astika Holdings in Asia, the focus is on rapid economic growth and increased foreign investment sector companies which are poised for accelerated economic growth with national modernization. Astika is also 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 CONTACT
ASTIKA HOLDINGS, INC.
Contact: Mark Richards, Director
Email: info@nantongventures.com
Tel: 64 9 889 3327
info@nantongventures.com
Nantong Ventures (OTCBB:ASKH) through Nantong Dredging Machinery Co. Ltd., is focused on expanding its market for a variety of patents and proprietary developments for specialized machinery in agriculture and aquaculture. Nantong Dredging Machinery is focused on expanding its markets in China for both bespoke specialized products and its manufacturing specialties which have received purchase approval for from the Chinese government.
The company builds and sells following products and services:
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- High Accuracy Grain Seeder,
- Mechanical ships for underwater dredging, and
- Cement construction tools for submerged drains.
The company was founded on March, 1998. Company headquarters are located in Shuangdian Town, Rudong County, Nantong City. An additional parts manufacturing and assembly workshop is located in Hebei Province. In Henan Province, the company owns 6 dock yards for repairing and building ships.
The company is well positioned to capture the wave of booming growth in on China's central coast, its regional province, and the nearby Shanghai metroplex. It is currently expanding markets and manufacturing capacity, particularly for specialized agricultural equipment, the " High AccuracyGrain Seeder, designed specifically for the unique needs of China. The rapid growth of the local economy creates a powerful opportunity to develop larger markets in China and globally.
The company seeks to manage its capital to expand manufacturing capacity to meet a rapidly increase in product demand. The company maintains a low risk profile by applying methodologies for sustainable development standards, market diversification, well-managed government contracts and astute financial management.
Nantong Dredging Machinery intends to continue to grow to meet regional needs while looking for new market opportunities in China and global export.
Market Value $6,203,540 a/o Feb 07, 2014
Shares Outstanding: 11,077,750 a/o Aug 12, 2013
Float: 2,917,750
Restricted: 8,160,000
Authorized Shares: 140,000,000 a/o Sep 30, 2012
Astika Holdings, Inc. (OTCQB: ASKH)
INVESTOR RELATIONS CONTACT: Mark Richards, Director
Email: info@nantongventures.com Tel: 64 9 889 3327
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. As the centerpieces for Astika Holdings in Asia, the focus is on rapid economic growth and increased foreign investment sector companies which are poised for accelerated economic growth with national modernization. Astika is also 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. Mr. Richards, who will also hold the title of Chief Executive Officer, in conjunction with Astika Holdings, is in the process of making the necessary filings in a Form 8-K which will be filed on the US SEC EDGAR system providing the specifics of these developments. The new management intends to eventually position the Company for an up-listing to another market, possibly NASDAQ, once the Company meets the financial status and market share price for up-listing qualification. Under the contemplated transactions for the acquisition of service, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.'s business, the Company intends to deliver common shares to achieve the contemplated transactions. The Company has begun the process of integrating management and moving its headquarters to Grey Lynn, Auckland, New Zealand.
Bio: Mark W Richards - ASKH - Mr Richards is a Registered Chartered Accountant in Public Practice (CA PP) since 31 July 1991. He has been a Partner in Practices since that date commencing with Cox Arcus & Co, and progressing through to Cleaver Richards a medium size practice in Ponsonby, Auckland, providing Accounting and Taxation advice to a broad range of SME clients. Since 1 March 2011 he formed a Consultancy based practice in Auckland to attend to the strategic management of clients and their businesses. The Practice is responsible for assisting clients from overseas business ventures with the management of both the businesses and taxation structures to meet the requirements within New Zealand and resident jurisdictions for Countries including USA, Australia, Hong Kong, China, Thailand, Brunei, and the UK. Mr Richards is a director for over 40 companies and provides management and consulting services to assist with the growth and financial requirements of those companies. In 2008 Mr Richards began acting for a NZ resident entity responsible for the exportation of commodities for sale in China. Through this affiliation he has developed a working relationship with Prominent Chinese businessmen and has been engaged to assist them with the management of their affairs. Mr Richards has acted for Chemsafe Group from November 2006 to develop the strategically for the roll out of the SCR based products nationally in New Zealand and Australasia. From Mr Richards is also the
Director for Tribeca Homes a successful Property Development business focused on ensuring people retire with sufficient income to meet their needs. The model is low risk and will be introduced into Australia in 2014-2015. In 2010 Mr Richards assisted in the development of a Strategic Brand Marketing Company in Thailand to provide advice on Brands to large Thai Corporates. This involved the development of own brand products in Supermarket chains within Bangkok In 2013 Mr Richards assisted in the formation and marketing of a franchised Motorsport Team aimed at promoting client products in to the market place. He has also assisted with Companies in Oil Recovery, Transportation, Vehicle Sales, Product Design & Marketing, and Fashion.
Bio: Baohua Jiang - Chairman of the Board, Chief Executive Officer, President - Nantong Dredging - Mr. Jiang has served as Chairman of the Board, Chief Executive Officer, President since December 2013 on a full-time basis. Mr. Jiang was born August 19th, 1955 in the Nantong City, Jiangsu Province, China. From September 1998 until November 2013, Mr. Jiang served as president of Nantong Dredging Co. Ltd, a company engaged in machinery production of underwater dredging ships, grain seeders and cement construction tools. In the area of his achievement for the company, Mr. Jiang has acquired 7 patent licensing, 1 invention patent, 1 high-tech product of Jiangsu Province, 2 Technology Improvement Award of Ministry of Water Resources, 2 agriculture products promoted by Jiangsu Province and 1 product under government subsidy in terms of special techniques in underwater dredging, extreme high accuracy in grain seeders, transmission mechanism in grain seeders, grain seeders that can be attached to tractors, special cement construction tools for dark drains. Mr. Jiang also served as the legal person of Nantong Dredging Co. Ltd. Personally, he owns titles of "Great Investors of Jiangsu Province, China", "Contributive Engineer of Nantong City", "High-technique Talent of Nantong City" and "Chief Engineer of Nantong City". We believe that Mr. Jiang should serve as a member of our board of directors due to his extensive mechanical engineering experience, large social network of suppliers and buyers around China and prior 15 years of management experience serving as a president of a well-known local machinery company. We believe that Mr. Jiang will utilize his extensive experience and strong social network to expand our machinery business in terms of the "Grain Seeder with High Accuracy", targeting in the market of large rural areas of China and ultimately take this high-technology driven product to the international market.
