SOURCE: HQ Sustainable Maritime Industries, Inc.

April 20, 2007 08:08 ET

HQ at European Seafood Exposition, Rolls Out Its "Consumer Driven" Range of Toxin-Free "TiLoveYa™" Products

Commitment to Sustainable Aquaculture a Winner in Europe

SEATTLE, WA -- (MARKET WIRE) -- April 20, 2007 -- HQ Sustainable Maritime Industries, Inc. (OTCBB: HQSB), a leader in toxin-free integrated aquaculture and aquatic product processing, will present the Company's new range of "consumer driven" health-conscious, toxin-free TiLoveYa™ tilapia products to the European markets for the first time at the European Seafood Exposition, April 24th to the 26th. HQ's broad new range of products, developed during the past year, was first presented at the Boston Seafood Show in March 2007.

"Aquaculture has been more or less production driven and is now starting to recognise consumers as of prime importance," said Alistair Lane at a recent "Aquaculture Today" conference in Europe (See http://www.fishfarmer-magazine.com/news/fullstory.php/aid/1018/Consumers_must_come_first,_conference_hears.html)

Europe's markets are unique and HQ's "consumer driven" approach is made to measure. In Europe's capital, Brussels, HQ will also highlight its fundamental commitment to sustainable aquaculture and healthy toxin-free seafood to feed the world. In honor of Earth Day (April 22, 2007), HQ announced this week that one percent of its sales from April 19th to 29th will be given to the Ocean Trust and to The Nature Conservancy, two major non-profits dedicated to preserving the world's resources and environment.

HQ's expanding line of TiLoveYa tilapia products currently includes seven different value-added flavors to meet the full spectrum of consumer acceptance. TiLoveYa products are currently available through Ultimate Entrée (www.ultimateentree.com) and such select retail stores as Grocery Outlet (www.groceryoutlets.com) and Metropolitan Market (www.metropolitan-market.com). They are in the process of being rolled out to other major American retail and service industry chains.

Unlike most fish fillet products, HQ's TiLoveYa products are flavored with natural ingredients and then individually quick-frozen to preserve flavor, juiciness and appearance. Fillet products from other producers are commonly defrosted once or even twice before adding flavor and freezing again, a process that has been shown to substantially reduce the quality of the product.

HQ's tilapia is produced on 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 food production. HQ's freshwater tilapia products include no hormones, antibiotics or other toxins and are free of heavy metals associated with ocean-harvested products. Their fresh clean taste is due to the natural farming methods in ponds that are richly oxygenated to prevent algae growth that affects taste.

HQ is assisting the Aquaculture Certification Council, Inc. (ACC) (www.aquaculturecertification.org) in vetting and rolling out Best Aquaculture Practices (BAP) for tilapia aquaculture operations based on proposed standards developed by the Global Aquaculture Alliance (GAA).

Norbert Sporns, HQ's CEO, will speak as a panelist at the International Biotechnology Convention to be held in Boston, May 5-9, 2007. His presentation, "Modeling Aquaculture Production to Meet Demand Sustainably," will be 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.

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