SOURCE: HQ Sustainable Maritime Industries, Inc.

December 02, 2008 08:18 ET

HQ Sustainable Maritime Receives Production Quality Certifications

China Operations Gain Certification From British Retail Consortium and Ethical Trade Initiative

SEATTLE, WA--(Marketwire - December 2, 2008) - HQ Sustainable Maritime Industries, Inc. (AMEX: HQS) ("HQS" or the "Company"), a leader in toxin-free integrated aquaculture and aquatic product processing, including fish byproduct personal healthcare products, today announced that its China-based processing plant operations for tilapia and shrimp have been certified by the British Retail Consortium (BRC) and the Ethical Trade Initiative (ETI).

The BRC Global Standard and ETI "Base Code" certifications ensure that HQ Sustainable tilapia and shrimp products are of the highest quality and are produced under ethically sound conditions prior to entering the distribution supply chain. Specifically, the BRC Global Standard guarantees the safety, quality and operational criteria required by the Company to meet its obligations regarding legal compliance and protection of the consumer. The ETI "Base Code" certificate ensures that HQS takes responsibility for the labor and human rights practices within its supply chain, with the aim of achieving incremental improvements in supply chain labor standards.

Norbert Sporns, president and CEO of HQS, said, "As we push into club stores and towards securing new, big box clients, it is important that we meet the high standards set by many buyers who are eager to ensure that their seafood providers meet independent, third-party qualifications. Our operations adhere to a stringent set of standards covering areas of quality, hygiene and product safety. Recognition of our efforts from both the BRC and ETI will greatly assist with our sales in Europe and prove increasingly valuable as buyers seek Fair Trade products. These certifications reflect our ongoing commitment to supplying our customers with the highest quality tilapia and shrimp products available. We are proud of the efforts put forth by our entire workforce."

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. HQS practices co-operative 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. The Aquaculture Certification Council, Inc. (ACC) certified that tilapia processing standards met Best Aquaculture Practices, and the Chinese government gave organic certification to the Company's tilapia production, processing, labeling, marketing and management system. The Company owns a nutraceuticals and health products company, which is HACCP and GMP certified, and produces and sells products subject to stringent laboratory tests certified by the China Ministry of Health. This GMP certified plant produces nutraceuticals, which enrich feed used by HQS' cooperative aquaculture operations. In addition to headquarters in Seattle, HQ has operational offices in Wenchang, Hainan. The Company's website is: http://www.hqfish.com.

Safe Harbor Statement

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."

Contact Information