Astika Holdings, Inc. Updates Shareholders and Prepares for Growth in the Nantong Region
26 July 2014 - 12:03AM
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 near completion in finalizing negotiations for the Company’s
initial acquisition reconfirming its decision to engage in
international trade and transactions with Nantong since its
economic growth and foreign investments have exceeded all other
cities in China’s Yangtze Economic Zone.
Mark Richards, the director for Astika Holdings stated, "We
believe to be on track with Astika by focusing on acquisitions from
Jiangsu Province – Nantong City which is a hot spot for economic
development, one of the wealthiest provinces in China with a GDP
comparable to that of Switzerland and is economically the most
advanced and dynamic province in China. We are excited about this
initial acquisition for Astika Holdings and look forward to
accelerating future acquisition plans through additional staffing
to assist in the PCAOB audit process. We appreciate the support and
are excited to lead the Company and its shareholders into the
future."
The completion of acquisitions are dependent on, among other
things, the completion of due diligence satisfactory to the
Company, and the completion of the PCAOB audit under US GAAP. The
parties have agreed that the acquisition will not engage in any
negotiations or discussions with other potential acquirers and have
also agreed to maintain the confidentiality of all of the
acquisitions in order to protect the acquisition's competitive
interests, and the interests of its many customers and employees,
during the period of the acquisitions. Astika Holdings is in the
process of making the necessary filings which will be filed on the
US SEC EDGAR system providing the specifics of developments and
intends to position the Company for an eventual 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 integrated management and 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
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