Sino Agro Food, Inc. Announces 3rd Quarter Results, Outpaces Net Profit for Entire Year 2008

GUANGZHOU, China - (BUSINESS WIRE) - Sino Agro Food, Inc. (Pink Sheet:SIAF), an emerging integrated, diversified agriculture technology and organic food company with subsidiaries operating in China, is pleased to announce the unaudited results of 3^rd quarter operations.

							3rd Quarter Results				9 Months Ending
			Revenue				$4,853,126				$13,102,465
			Gross Profit				$3,144,336				$9,173,493
			Net Income				$1,708,790				$4,262,235
			Diluted Earnings per Share				$.03				$.08
			Net Assets				$55,305,630				$55,305,630
			Net Assets per Share				$1.04				$1.04

For the nine months period ending September 30^th, 2009, the company reported revenue of $13.1M, representing 85% of the $15.5M total revenue generated in 2008. Gross profit during the same period was $9.1M, representing an 18% increase over $7.8M in fiscal year 2008. Net Revenue for the nine months ending was $4.2M, representing an 8% current gain over the $3.9M in fiscal year 2008. Earnings per share for the nine months ending were $.08 versus $.07 for entire fiscal year 2008.

Gross margins increased due to reduction of dependency on feed suppliers in 2009 as the company begin utilizing its own in house production of organic feed from its own cropping fields. Surplus feed was then sold further enhancing overall margins. Gross margins were further reduced for 3^rd quarter due to the limited requirements for cultivation, fertilizer and seedlings.

Net assets grew 8% to $55.3M or $1.04 per share in the nine month period ending 2009 from $51M, or $.96 per share for fiscal year 2008. The Company's debt to equity ratio was reduced to 32.2% during the nine months ending from 34% in fiscal year 2008.

The Company will post the complete financial report to pinksheets.com in the near future.

Mr. Lee Solomon, Sino Agro Food, Inc. CEO, stated, "Management will focus on two areas that will improve the Company's bottom line moving forward. First, we will continue to develop and cultivate additional land to increase our livestock feed output. Second, we will begin developing a marketing network to launch our dairy products into the retail markets of Beijing City which is only 90 kilometers away from our dairy farm and processing center. By shifting a portion of our bulk sales to retail, we will be able to increase our revenue even further."

Beacon Equity Research recently published an equity report providing an overview of Sino Agro Food, Inc. This report may be viewed at http://siafchina.com/download/SIAF.pdf. Additional information about the Company may be obtained at http://www.pinksheets.com.

ABOUT SINO AGRO FOOD, INC.

Sino Agro Food, Inc. ("SIAF" ) (http://www.siafchina.com) is an integrated, diversified agricultural technology and organic food company focused on developing, producing and distributing agricultural products in the Peoples Republic of China. The Company intends to focus on meeting the increasing demand of China's rising middle class for gourmet and high-quality food items. Current lines of business include the manufacture and distribution of Bio-Organic Fertilizer and Stock-Feed, as well as, fisheries, dairies, and Hylocereus Undatus plantations. SIAF's products are produced to meet the high organic quality standards of the United Kingdom. SIAF is owner of a patented process; the conversion of corn stalk into high quality feed for livestock and is the "Master Licensee" for China with exclusive right to a patented Bacterial used in converting food based agriculture produce wastes into nutritional feed products that are also applicable in the manufacturing of Bio-Organic fertilizer. The Company also holds the "Master License" for China on a modern re-circulating Aquaculture Technology "A Power RAS Technology" that has the capacity to commercially grow quality table fish and seafood free from chemical and pollution in enclosed modules on land in a system designed to promote economic sustainability and viability. Currently the Company has total employment of 520 persons of which 60 are skilled and experienced management staff.

FORWARD LOOKING STATEMENTS

This release contains certain "forward-looking statements" relating to the business of SIAF and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on SIAF's current expectations and beliefs concerning future developments and their potential effects on SIAF. There can be no assurance that future developments affecting SIAF will be those anticipated by SIAF. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. SIAF undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Sino Agro Food, Inc.
CEO Mr. Solomon Lee, 86-20-22057860
info@siafchina.com