ASTIKA HOLDINGS, INC. RELAUNCHES ITS CORPORATE DIRECTION (www.nantongventures.com) (Symbol: ASKH)
INVESTOR RELATIONS CONTACT: MARK RICHARDS, DIRECTOR
Astika Holdings, Inc. is refocusing and preparing to relaunch the Company through a variety of strategic acquisitions in the textile, service, and industrial sectors to compliment and capture the next wave of growth companies from Asia and New Zealand. Astika is 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. Rapid economic growth and increased foreign investment sector companies poised for accelerated growth with national modernization are centerpieces for Astika Holdings in Asia.
The initial target acquisitions from the Nantong Region in China are private companies which have been in business for over a decade with consistent track records of delivering revenue and earnings growth. Additionally, Astika qualifies as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act, which became law in April, 2012.
Astika Holdings is focused and positioned to negotiate with growth companies from the Nantong region of China. 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 still 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.
The Company intends to expand outside of its USA regional market to pursue a vertical integration strategy through the acquisition of textile, service, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business. 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 textile, service, agriculture and industrial companies would represent the greatest potential for shareholder return. We are excited about this relaunch for Astika Holdings, Inc. and look forward to accelerating the 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.
Astika’s ongoing updated strategy through opportunistic high growth sector acquisitions include: (1) Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd., (hereinafter referred to as “Jiangsu Ziyang”). Since Nantong is the largest base to the home textile industry in the world and the continuing development of China’s economy, the home textile industry is gaining a significant role in China’s consumer market. Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd. is proud to be one of the vital members of the growing home textile products market.
Jiangsu Ziyang was established in 2007 with registered capital of $10,000,000 US dollars.
The Company has its plant situated at a national development zone, covering an area of 34,000 square meters and a floor area of 23,000 square meters. Jiangsu Ziyang also maintains centers for research & development, pattern making & sampling, production, dispatching, warehouse logistics, with an annual output capability reaching RMB 500,000,000 Yuan, $80,555,511 US dollars.
Jiangsu Ziyang is a chairman unit of the Summer Home Textile Committee of China, a managing director unit of the China Home Textile Association, a Senior Vice Chairman unit and a secretary general unit of the Nantong Home Textile Chamber of Commerce. It acts as the Summer Articles Research & Development Center of China and a member of the China Committee for Home Textile Standardization. Jiangsu Ziyang has been authorized by the Ministry of Industry and Information Technology to draw up product stands for national cool products of summer.
Jiangsu Ziyang has won 1 patent for invention, 12 patents for utility models, 4 design patents, and 40 copy rights in the field of cool products of summer.
Mr. Xu Jian is the CEO of Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd. He was recently appointed to be a member of the standing committee of the Chinese political consultative conference. He is also, Vice Chairman of China’s home furnishing association, vice executive member of the China home textile association, vice director of China home textile bedding association, vice chairman of general chamber of commerce of Nantong economic zone, and vice chairman and secretary general of Nantong home textile association. From 1998-2001 he was general manager of Zhejiang Silk Group. In 2001-2007 he became general manager of the Zeyang company and in 2007 to the present, he rose to the CEO of Jiangsu Ziyang Holiday Bedroom Articles Co. Ltd.
(2) the Company’s agriculture ‘Green Future’ initiatives into the Industrial Hemp sector (the launch of Nantong HZ Hemp Co. Ltd shall be utilized for Industrial Hemp and related projects. *According to the 2012 Annual Retail Sales for Hemp Report, the Hemp Industries Association (HIA) estimates 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.) As 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.
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 with (3) the New Zealand Dairy Sector. There are large rural areas and dairy farmers eager to work with Mark Richards, the President of Astika, to potentially acquire and grow their operating dairy farms. The food service sector is intended to benefit the future of Astika’s shareholders along with the Asian, New Zealand and World Markets.
Mr. Richards, who also holds the title of Chief Executive Officer, in conjunction with Astika Holdings, is in the process of making the necessary updated filings in its Form 10K, Q’s and Form 8-K’s which will be filed on the US SEC EDGAR system providing the specifics of these developments. The 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 textile, service, 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 is in the process of integrating management and moving its headquarters to Grey Lynn, Auckland, New Zealand.
Bio: Mark W Richards – Astika – 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.