SOURCE: HQ Sustainable Maritime Industries, Inc.

February 08, 2007 08:08 ET

HQ Sustainable Industries Featured in Puget Sound Business Journal on Market Positioning for New Organic Aquaculture Standards

SEATTLE, WA -- (MARKET WIRE) -- February 8, 2007 -- HQ Sustainable Maritime Industries, Inc. (OTCBB: HQSB) (formerly HQSM), a leader in toxin-free integrated aquaculture and aquatic product processing, has been featured in a substantial article in the January 12-18, 2007 "Puget Sound Business Journal."

In the article, "Company Farming Fish in China to Seek Stock Funds," the newspaper's staff writer Steve Wilhelm discusses how HQSB is positioning itself in the market for organic fish, which observers say will grow rapidly once the category of seafood receives the U.S. Department of Agriculture's organic certification. The Company specializes in the growing and processing of toxin-free tilapia, a white, freshwater fish, in Hainan, China. It is currently introducing to American markets its new brand, TiloveYa™ Tilapia.

Experts quoted in the article include Norbert Sporns, President and CEO, HQSB; Tom Hutcheson, regulatory and policy manager, Organic Trade Association, Greenfield, MA; Kevin Fitzsimmons, secretary and treasurer, American Tilapia Association, Phoenix, AZ; and John Connelly, President, National Fisheries Institute, Washington, DC.

To read the article, visit the Company Web site at www.hqfish.com. Subscribers to the journal can see the article online at http://seattle.bizjournals.com/seattle/stories/2007/01/15/story13.html.

The Company (formerly HQSM) recently completed a 1-for-20 reverse stock split, and has applied and is expected to be listed on the American Stock Exchange by the end of the First Quarter, 2007.

HQSB also announced in December 2006 that it has broken 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.

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.
    Tel: 206-621-9888
    Fax: 206-621-0318
    Email: 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: Email Contact