NEWS: AUCKLAND, New Zealand, Feb 20, 2014 (BUSINES

NEWS: AUCKLAND, New Zealand, Feb 20, 2014 (BUSINESS WIRE) -- Astika Holdings, Inc. (OTCQB: ASKH) announced today that as part of the Company's growth strategy through the acquisition of service, agriculture and industrial companies it has authorized the execution of a letter of intent to begin negotiations with Nantong Dredging Machinery CO., LTD., a limited liability company and joint venture of Great Britain and China. Nantong is a private company engaged in Mechanic Ships for Underwater Dredging, Grain Seeder with High Accuracy, Cement Construction Tool in Dark Drains and also undertakes construction for river canal dredging and cement construction in dark drains.

Mark Richards, the director for Astika Holdings stated, "the modernization of agriculture for farmers and increased profit potential has our initial focus on the Nantong Grain Seeder of High Accuracy which meets the requirement of agriculture modernization in China. There are large rural areas and farmers eager to utilize a multi-functional grain seeder to improve yield in seeding rice, oilseed rape, corn, beans and wheat to supply the growing Asia and world markets. Additionally, the Nantong seeder performs a multi-function agriculture process which reduces the utilization of tractors, lowers the associated costs, increases the yield and uses less fertilization. Nantong's Grain Seeder of High Accuracy also decreases pollution and protects the environment." He went on to say, "we are excited about this potential growth opportunity for Astika Holdings and look forward to accelerating our acquisition plans. We appreciate the support 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. 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." The Company has begun the process of integrating management and moving its headquarters to Grey Lynn, Auckland, New Zealand.