2014-02-25 14:05:37 -
Astika Holdings, Inc. Continues Its Growth Strategy by Exploring the Acquisition of Special Techniques in Underwater Dredging
* China is the Largest Dredging Market in the World with More than 29% of the $15bn Total Global Dredging World Market - According to the International Association of Dredging Companies (IADC)
Auckland, New Zealand--February 25, 2014 /FSC/ - Astika Holdings, Inc (ASKH - OTCQB),announced today that the Company is seeking to enter the growing China dredging sector as part of the strategy through the acquisition of service, agriculture and industrial companies with Nantong Dredging Machinery CO., LTD.
"The growth of shipping commerce in conjunction with the population increasing throughout the Nantong Region offers Astika Holdings additional growth potential in pursuing Nantong Dredging's special
techniques in underwater dredging utilizing mechanical ships for construction of river canal dredging. We believe that an acquisition of Nantong Dredging's extensive mechanical engineering experience and network throughout China will work with Astika's plans to expand into the dredging sector. We are excited to begin these growth opportunities which accelerate our acquisition plans. We appreciate the support and are excited to lead the Company and its shareholders into the future, stated Mark Richards, the director for Astika Holdings."
Nantong Dredging is located in an industrial zone of Shuangdian Town, Rudong County, Nantong City founded in 1998. Nantong Dredging employs senior engineers, junior engineers, economic engineers, specialized workers and senior executives who have developed special techniques in underwater dredging utilizing mechanical ships for construction of river canal dredging. In Hebei Province, Nantong owns a technology complex building and a workshop for parts manufacturing and assembly. Additionally, in Henan Province, Nantong owns dock yards for repairing and building ships.
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.
Astika Holdings, Inc. (OTCQB: ASKH) ( 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 CONTACT
ASTIKA HOLDINGS, INC.
Contact: Mark Richards, Director
Tel: 64 9 889 3327
To view the press release as a PDF, please click on the following link:
Source: Astika Holdings, Inc (OTCQB - ASKH)
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