SOURCE: HQ Sustainable Maritime Industries Inc.

February 07, 2007 16:30 ET

HQ Finalizes Feed Formulation Technology Partnership With Leading Chinese Institute for Aquaculture Products

Agreement Enhances HQ's Leadership Role in Organic Aquaculture Feeds

SEATTLE, WA -- (MARKET WIRE) -- February 7, 2007 -- HQ Sustainable Maritime Industries, Inc. (OTCBB: HQSB) (formerly HQSM), a leader in toxin-free integrated aquaculture and aquatic product processing, announces that it has finalized a partnership agreement for organic aquaculture feed formulation with the Marine Products College of Huazhong Agriculture University in Wuhan.

The Marine Products College is recognized by the China Ministry of Agriculture as its leading aquaculture institute and a pioneer in the formulation of new feeds for aquaculture.

The agreement will allow HQ to further improve the quality of feeds for its tilapia farms, enhancing the quality of its "TiLoveYa"™ toxin-free brand. HQ expects to create a line of "TiLoveYa"™ products designated "organic" once the USDA has finalized American standards for freshwater pond-raised fish. HQ is also working with other leading American and Chinese scientists to consolidate its position as the leader in organic aquaculture feeds.

In December 2006, HQ broke ground for the first organic-extruded feed mill in Hainan, which will produce 100,000 tons of organic floating feed and is expected to be completed in the Fourth Quarter of 2007.

Norbert Sporns, CEO of HQ Sustainable Maritime, said, "China produces and exports more aquaculture products than any nation in the world. To this fertile aquaculture environment, HQ adds its passion for quality. HQ sources and deploys the best available technologies from China and abroad, while maintaining competitive pricing. American technologies accessed by HQ are key components of this knowledge base which is consolidating HQ's leadership role. 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. (

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

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