SOURCE: HQ Sustainable Maritime Industries Inc.

October 16, 2006 00:02 ET

HQ Expands Range of Products and Reveals Details of Expansion

HQSM Rolls Out More Toxin-Free "TiLoveYa"™ Products at West Coast Seafood Show

LOS ANGELES, CA -- (MARKET WIRE) -- October 16, 2006 -- HQ Sustainable Maritime Industries, Inc. (HQ) (OTCBB: HQSM), a leader in toxin-free integrated aquaculture and aquatic product processing, announced today at the West Coast Seafood Exposition in Los Angeles, (See http://www.westcoastseafood.com), that it has rolled out a series of new products under its toxin free Tilapia brand "TiLoveYa."™ The products include HQ's skin-on "Tailgate TiLoveYa"™ fillet, a breaded fillet, and block frozen deep skinned fillets. The brand is designed to celebrate the health benefits of HQ's Tilapia produced in the pristine Hainan Island in China, an ecological haven where polluting heavy industry is not allowed. The Island economy has been centered on tourism and agro-food production. HQ's freshwater Tilapia products are furthermore made without hormones, antibiotics and free of the levels of heavy metals and other toxins associated with Ocean-harvested products. Mercury levels in Tilapia are negligible when compared with almost all ocean caught species according to the US Environmental Protection Agency (See http://www.cfsan.fda.gov/~frf/sea-mehg.html).

Finally HQ revealed the planned feedmill layout and the processing plant layout, which will be posted later this week to the HQ website at www.hqfish.com.

Lovers of healthy toxin-free products will have a greater range of "TiLoveYa"™ Tilapia products.

Said Mr. Trond Ringstad, executive VP Sales and Distribution, "The response to HQ's toxin-free, quality-first, vertically integrated model as represented by the 'TiLoveYa'™ brand has exceeded all of my expectations. We are close to finalizing several major supply contracts to national food service and retail clients with our unique products."

About HQ Sustainable Maritime Industries, Inc.

HQ Sustainable Maritime Industries, Inc. is an integrated aquaculture and aquatic product processing company, with operations based in the environmentally pristine island province of Hainan, in the South China Sea. HQ practices cooperative sustainable aquaculture, using nutraceutically enriched feeds and conducting fish processing and sales. The company is dedicated to sustainable toxin-free methods giving its customers the purest products possible. The Company holds HACCP certification from the U.S. FDA and the EU Code assignment of quality, permitting its products to be sold in these international markets. It owns a nutraceuticals and health products company, which is HACCP certified, and produces and sells products subject to stringent laboratory tests certified by the China Ministry of Health. This plant produces nutraceuticals, which enrich feed used by HQ's cooperative aquaculture operations. In addition to headquarters in Seattle and operational offices based in Haikou, Hainan, HQ has offices in Hong Kong, Beijing, and Shanghai. (http://www.hqfish.com).

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of HQ Sustainable Maritime Industries, Inc. (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."

Consulting For Strategic Growth I, Ltd. ("CFSG") provides HQ Sustainable Maritime Industries, Inc. (HQ) with consulting, business advisory, investor relations, public relations and corporate development services, for which CFSG receives a fixed monthly fee for the duration of the agreement. Independent of CFSG's receipt of cash compensation from HQ, CFSG may choose to purchase the common stock of the company and thereafter sell those shares at any time it deems appropriate to do so.

Contact Information

  • CONTACTS:
    Trond Ringstad
    Executive Vice-President Sales and Distribution
    HQ Sustainable Maritime Industries
    Tel: 206-621-9888
    Fax: 206-621-0318
    Email: Email Contact

    Stanley Wunderlich
    Chief Executive Officer
    Consulting for Strategic Growth 1
    Tel: 800-625-2236
    Fax: 212-337-8089
    Email: Email Contact

    Daniel Stepanek
    Media Relations
    Consulting for Strategic Growth 1
    Tel: 212-896-1202
    Fax: 212-697-0910
    Email: Email Contact