SOURCE: Edgewater Foods

March 25, 2008 08:30 ET

Edgewater Foods International Inc. Engages Consulting For Strategic Growth 1 for Investor and Public Relations

QUALICUM BEACH, BC--(Marketwire - March 25, 2008) - Edgewater Foods International Inc. (OTCBB: EDWT) today announced that it has engaged New York-based Consulting For Strategic Growth 1 (CFSG1) to provide strategic counsel on investor and public relations. CFSG1 specializes in introducing promising domestic and international companies to American financial markets.

Edgewater Foods International is the parent company of Island Scallops Ltd. ("ISL"), a Vancouver Island aquaculture company with the largest private marine research hatchery and the first fully integrated shellfish producer in Canada. The Company has developed unique proprietary hatchery technology that significantly increases growth yields while resisting disease, and as such, has virtually no existing competition for these marine species. The Company intends to significantly expand production and distribution.

Rob Saunders, Chairman, CEO and President of Edgewater, commented, "We are now positioned for rapid growth as the chief producer of live Pacific Scallops in North America. As such, we are very pleased to engage CFSG1 to introduce the Company to the U.S. investment and financial communities. CFSG1 has previous experience with aquaculture companies and is highly regarded for its expertise in capital formation and its broad network of public and private investors. We're delighted to have their professional guidance and outreach."

Stanley Wunderlich, CEO, CFSG1, stated, "Edgewater Foods is an exciting company in a high growth industry and market place. Their proprietary technologies and commitment to sustainable environmental quality place them in a unique competitive position. Given their hatchery technology and recent infrastructure improvements, they are positioned for significant revenue growth. We look forward to helping this burgeoning company fulfill its aggressive goals for growth."

About Edgewater Foods International Inc.

Edgewater Foods International Inc., a Nevada Corporation, is the parent Company of Island Scallops Ltd. ("ISL"), a Vancouver Island aquaculture company. Established in 1989, ISL has successfully operated a scallop farming and marine hatchery business for over 18 years. ISL's facilities represent the largest private marine research hatchery and the first fully integrated shellfish producer in Canada.

Edgewater Foods is dedicated to the farming, processing and marketing of high quality, high value marine species: scallops and sablefish. Farmed scallops are unique to North America, and Edgewater is the predominant producer of live-farmed Pacific scallops.

Given the unique hatchery technology and extensive research and development, there is virtually no existing competition for these marine species. The company is committed to rapidly expanding production and profits, financing aggressive growth while maintaining quality and a healthy respect of marine environment.

To learn more about Edgewater Foods International Inc, please visit the Company's website at http://www.edgewaterfoods.com. To receive email updates about the company and to be added to Edgewater Foods International Inc. investor lists, please sign up at www.CFSG1.com or contact Adam Brooks at abrooks@cfsg1.com.

About Consulting for Strategic Growth 1, Ltd.

CFSG1 has decades of hands-on corporate development experience combined with broad personal outreach in the private equity markets and Wall Street broker/dealer communities. CFSG1 is a leader in reverse mergers, investor and public relations and corporate development for small-cap companies and private enterprises, both domestic and international. Its portfolio includes businesses based in countries such as China, South Africa and Canada. CFSG1's strategic relationships include Rodman & Renshaw, Inc., a full-range investment bank nurturing emerging growth companies since 1951; Brookshire Securities, a leading Florida investment firm focused on the needs of small to medium sized companies; and ChineseWorldNet.com, Inc. (CWN), a worldwide financial platform catering to small- and mid-size Chinese companies and the Chinese investor community (www.CWNfn.com), among others. For more information, go to: www.cfsg1.com.

Forward-Looking Statements

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

Pursuant to an April 1, 2008 contract, Consulting For Strategic Growth 1, Ltd. ("CFSG1") provides Edgewater Foods International Inc. ("the Company") with consulting, business advisory, investor relations, public relations and corporate development services. Independent of CFSG1's receipt of cash compensation from the Company, CFSG1 may choose to purchase the Company's common stock and thereafter liquidate those securities at any time it deems appropriate to do so.

Contact Information

  • Company Contact:
    Edgewater Foods International Inc.
    Rob Saunders
    Chairman, CEO & President
    Tel: 250-757-9811
    Fax: 250-757-8370
    Website: http://www.edgewaterfoods.com

    Investor Relations:
    Stanley Wunderlich
    CEO
    Consulting for Strategic Growth I
    Tel: 1-800-625-2236
    Fax: 1-646-205-7771
    Email: Email Contact
    Web site: www.cfsg1.com

    Media Relations:
    Daniel Stepanek
    CFSG1
    Tel: 1-646-205-7767
    Fax: 1-646-205-7771
    Email: Email Contact