AgriMarine Holdings Inc.
TSX VENTURE : FSH

AgriMarine Holdings Inc.

June 23, 2009 09:46 ET

AgriMarine Signs Investor Relations Agreement With Investor Cubed Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2009) -

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AgriMarine Holdings Inc. (the "Company") (TSX VENTURE:FSH) has retained Investor Cubed Inc. ("Investor Cubed"), a Toronto based investor relations service provider, to act as a marketing and investor relations consultant to the Company.

Investor Cubed will provide the Company with the following services: (i) manage communications with investors, brokers and other investment professionals; (ii) organize and attend meetings with investment dealers and investment advisors to present the Company and help to develop relationships on the Company's behalf; (iii) make recommendations about the strategy, content and design of the Company's investor presentation materials; (iv) make recommendations about the content, design and functionality of the investor relations segment of the Company's website; (v) assist with financing opportunities; and (vi) provide general consulting on investor communications and capital markets.

The term of the agreement will be for a period of 12 months commencing June 11, 2009 (the "Commencement Date") and expiring on June 10, 2010, unless otherwise terminated or renewed by the parties. The Company will pay a fee of $5,000 per month and issue 320,000 stock options to Investor Cubed. Each option will be exercisable to purchase one common share of the Company. Subject to the options being issued under the terms and conditions of the Company's stock option plan, the options will be issued quarterly in four tranches of 80,000 each with the first tranche being issued as of the Commencement Date, and with the exercise price per share for the options being set as follows: $0.30 for the first 80,000 options; $0.45 for the second 80,000 options; $0.60 for the third 80,000 options and $0.75 for the fourth 80,000 options. This agreement is subject to the approval of the TSX Venture Exchange.

About Investor Cubed

Investor Cubed provides two complementary business services; specialized investor relations services for small capitalization Canadian companies and capital markets services for asset managers.

Investor Cubed identifies Canadian companies with exceptional growth potential and guides them to the prominence that they deserve with retail and institutional investors alike. By being where venture capital meets capital markets, we fill a vitally important market niche. Thus, Investor Cubed provides unique investor relations' services and strategic guidance on capital markets' issues to a select group of Canadian small capitalization companies. In addition Investor Cubed advises investment firms on the development of structured products, mutual funds and alternative offerings and provides distribution services to deliver these products to the Canadian investment community.

About AgriMarine Holdings Inc.

AgriMarine Holdings Inc, through its wholly owned subsidiary, AgriMarine Industries, has developed proprietary technology for the rearing of salmon and other finfish in floating solid wall closed containment systems that allows for total control of the rearing water environment. AgriMarine's technology resolves many of the environmental issues created by present net cage rearing practices worldwide and permits the installation of fish production systems in close proximity to consumer markets. Through AgriMarine Industries' Asian subsidiary, Benxi Agrimarine, the first commercial tank farm is currently being installed in China to produce large steelhead trout. The Company is also examining applications of its technology for tuna and other warm water species.

Forward-Looking Information

Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements in this news release include information relating to the services to be provided by Investor Cubed. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with the marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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