Tianli Agritech (NASDAQ:OINK)

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Tuesday, October 4, 2011

WUHAN CITY, China, October 4, 2011 /PRNewswire/ -- Tianli Agritech, Inc. (NASDAQ: OINK) ("Tianli" or "the Company"), a leading producer of breeder hogs and market hogs based in Wuhan City, China, announced the Company has acquired land use rights and facilities in the Osmanthus Village Industrial Park, Xiangfeng Town, Laifeng County, on which it intends to equip a 50,000 ton feed production facility. The Company believes the property, which is approximately 2.1 acres, can be quickly and economically converted into a feed production facility. The property was acquired at a public auction for RMB 3,220,000 in cash (approximately $510,000). This new feed facility will be dedicated to supplying feed to black hogs in Tianli's Enshi Black Hog Program starting February 2012.

The Company obtained exclusive rights to breed and sell black hogs in Enshi Autonomous Prefecture in Hubei Province in May 2011. After engaging in discussions with several local feed suppliers, Management decided to acquire 2.1 acres of land use rights in Enshi City, Hubei Province, together with the facilities located on the land which it will convert into a feed production facility. By having its own feed production and mixing facility for its Black Hogs Program, Tianli, which already prepares its own pre mix for its hogs, will be able to ensure the consistency and quality of the feed necessary for its high-margin Black Hogs Program.

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Thursday, May 12, 2011

WUHAN CITY, CHINA--(Marketwire - May 12, 2011) - Tianli Agritech, Inc. today announced that on May 12, 2011 it successfully completed the acquisition of the assets of the AnPuluo Farm, a 20,000 annual head production hog farm in Enshi Tujia and Miao Autonomous Prefecture, which is located within the Hubei province.

The Company will pay an aggregate of approximately $2.2 million for rights to the land and equipment. Deposits aggregating $1.5 million will be retained by the seller, with the balance of the purchase price, $0.7 million, to be paid by July 15th, 2011. The Company expects to invest approximately $0.3 million in facility upgrades and approximately $0.4 to $0.6 million in breeding stock to bring the farm to full production and fully stocked by the second half of 2012.

"This acquisition is a significant milestone for our Company, making us one of the largest hog producers in Hubei province," said Tianli's Chairwoman and CEO, Ms. Hanying Li. "We estimate the payback period to be less than two years once the farm is fully stocked and shipping Tianli breeders and market hogs to our customers. We believe the AnPuluo Farm will be a strong addition to our growing portfolio of farms as we continue our expansion strategy and seek out further potential candidates to add to our growing network of farms."

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