SOURCE: HQ Sustainable Maritime Industries Inc.

April 02, 2007 08:18 ET

HQ Commences Sales of "TiLoveYa™" Brand to Grocery Outlet

Sales to Begin to Prominent Western US Retail Network

SEATTLE, WA -- (MARKET WIRE) -- April 2, 2007 -- HQ Sustainable Maritime Industries, Inc. (OTCBB: HQSB) (formerly HQSM), a leader in toxin-free integrated aquaculture and aquatic product processing, announced today that it has signed an agreement with Grocery Outlet to commence sales of its branded "TiLoveYa"™ products to its nearly 150 stores on the West Coast. The Grocery Outlet chain (See http://www.groceryoutlets.com/home.aspx) is headquartered in Berkeley, California, and has annual revenues exceeding $600 million.

The agreement allows The Grocery Outlet to sell HQ's brand of frozen fillets within its chain of stores in the states of California, Washington, Oregon, Nevada, Idaho and Hawaii. It is expected The Grocery Outlet supermarkets will begin carrying the TiLoveYa brand in their frozen food section by the end of April, 2007.

As a privately held company Grocery Outlet Inc. is in 6 Western states and Hawaii. Jim Read founded the company in 1946 that is now Grocery Outlet Inc. They have always been in the business of providing their customers a fun place to find bargains on brands customers can trust and they offer suppliers like HQ, a professional, trustworthy partner. Their clientele covers the whole spectrum of American consumer, looking for quality products and they sell most popular brands.

"This is a significant step for us, since it is the first retail roll-out of our 'TiLoveYa™' brand to consumers," Norbert Sporns, President and CEO, HQ, said. "We expect this to be the initial phase of a national roll-out of the brand which will follow shortly. We intend to market and promote the brand heavily to consumers when we begin the national introduction of this quality product."

Bob Emel, HQ's Head of Retail Sales, said, "Grocery Outlet is a perfect fit for our products since they target the type of consumers who understand the importance of HQ's passion for quality. HQ sources and deploys the best available technologies from China and abroad, while maintaining competitive pricing. The branding and marketing of our 'TiLoveYa™' toxin-free tilapia products, through our head office in Seattle, enhances consumer appreciation of HQ's premium 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, 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.
    Toll free (866) 907-1757
    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