SOURCE: HQ Sustainable Maritime Industries, Inc.

April 17, 2007 08:18 ET

HQ at Bio International Convention 2007, to Highlight Consumer Benefit of Nutraceuticals in Tilapia Feed

HQ's CEO Will Join Panel Discussing "Aquaculture: How Biotech Advances Can Feed the World Sustainably"

SEATTLE, WA -- (MARKET WIRE) -- April 17, 2007 -- HQ Sustainable Maritime Industries, Inc. (OTCBB: HQSB) (formerly HQSM), a leader in toxin-free integrated aquaculture and aquatic product processing, announced today that Norbert Sporns, the Company's CEO, will speak as a panelist at the International Biotechnology Convention to be held in Boston May 5-9, 2007.

Mr. Sporns will make a presentation entitled "Modeling aquaculture production to meet demand, sustainably" as part of a panel discussing, "Aquaculture: How Biotech Advances Can Feed the World Sustainably." The panel will be part of the Convention's "Food and Agriculture Track," which is sponsored by ArberGen, Bayer CropScience, Ceres, Inc., Mendel Biotechnology and Monsanto Company.

Mr. Sporns said, "Feeding the world sustainably is achievable and necessary, given the possibility of the imminent collapse of our oceans. 'Modeling aquaculture production to meet demand, sustainably' is a challenge met in part by HQ's innovations in feed formulation introducing natural nutrients in feed such as DHA-rich algae and vitamins, which benefit the animal and the consumer of that animal. Such feed formulation reduces the prophylactic use of antibiotics in aquaculture and provides increased health benefits for consumers"

In 2006, HQ has:

--  Doubled the size of its cooperative farm operations.
--  Rolled out its toxin-free "TiLoveYa"™ branded consumer products.
--  Hired two seasoned seafood sales executives.
--  Broke ground on an organic feed mill in Hainan, China, which, upon
    completion in Q4 2007, will produce 100,000 tons per year of organic feed
    for HQ's aquaculture operations.
--  Applied for listing on the American Stock Exchange, which is expected
    in first half 2007.
--  Deposited a preliminary prospectus proposing to raise capital for a
    new state-of-the art production facility targeting the processing of
    organic Tilapia and for additional working capital.
    
Thus far in 2007, HQ has:
--  Completed a 1-for-20 reverse stock split.
--  Began direct sales of its "TiLoveYa"™ brand through the Internet
    via "Ultimate Entrée," a leader in direct Internet marketing of superior
    seafood and meat products and more recently with Grocery Outlet.
--  Agreed to work with the Beijing division of Newly Weds® Foods Inc.
    to introduce an exclusive innovative line of battered and breaded flavored
    "TiLoveYa"™ fillet products to consumers.
--  Introduced seven new "TiLoveYa"™ products at the International
    Boston Seafood Show, marketing which will continue at the upcoming European
    Seafood show in Brussels, the largest Seafood show in the world,  April
    24th to the 27th, 2007.
    
The Bio International Convention is sponsored annually by the Biotechonology Industry Organization (BIO) and draws about 20,000 attendees. The Convention serves to educate the public and policymakers about biotechnology, while fostering partnering meetings and other business development activities that keep the industry growing. For more about the Convention, please visit www.bio2007.org.

About BIO

The Biotechnology Industry Organization (BIO) (http://www.bio.org ), founded in 1993, is a nonprofit association that represents more than 1,100 biotechnology companies, state and international affiliates, and related organizations. BIO members develop and market revolutionary products in health, food and agriculture, and industrial and environmental biotechnology. Most of our member firms are small, capital-intensive companies whose ideas are still in research and development.

BIO's mission centers on advocacy to strengthen biotechnology innovation and progress. We seek supportive biotechnology policies at all levels -- local, state, federal, and international. BIO's advocacy covers regulatory and reimbursement policy, intellectual property laws, research grant policies, agricultural regulations, energy policy, and other biotechnology-related issues.

Because the biotech industry consists largely of young, emerging companies, BIO provides a slate of business development services, including investor, partnering, and executive training events held throughout the year. In addition, the BIO Business Solutions program offers group purchasing benefits and discounts.

BIO's President & CEO is James C. Greenwood, a former member of Congress from Pennsylvania. Mr. Greenwood oversees a BIO staff of about 130 in Washington and New York.

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. HQ has commenced construction of a 100,000 ton per year organic feed mill in Wenchang. In addition to headquarters in Seattle, HQ has operational offices in Haikou, Hainan. (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:

    Norbert Sporns
    Chief Executive Officer
    HQ Sustainable Maritime Industries Inc.
    Tel: 206-621-9888
    Fax: 206-621-0318
    Email Contact

    Stan Wunderlich
    CEO
    Consulting For Strategic Growth 1
    Tel: 1-800-625-2236
    Fax: 212-337-8089
    Email: Email Contact

    Daniel Stepanek
    Media Relations
    CFSG1
    Tel: 212-896-1202
    Fax: 212-697-0910
    Email Contact