SOURCE: HQ Sustainable Maritime Industries, Inc.

May 07, 2008 08:18 ET

HQ Sustainable Maritime Announces Conference Call to Discuss First Quarter Results

SEATTLE, WA--(Marketwire - May 7, 2008) - HQ Sustainable Maritime Industries, Inc. (AMEX: HQS) ("HQS" or the "Company"), a vertically integrated aquatic product producer, processor and distributor of toxin free tilapia, and processor and distributor of marine-bio products with operations in the People's Republic of China ("PRC"), today announced that the Company will host a conference call at 11:00 a.m. Pacific Time on Wednesday, May 14, 2008 to discuss its financial results for the first quarter of 2008.

The conference call will include Mr. Norbert Sporns, Chairman and Chief Executive Officer, and Mr. Jean-Pierre Dallaire, Chief Financial Officer.

To participate in this live conference call, please call the following number five to ten minutes prior to the scheduled conference call time: (888) 481-7939. International callers should call (617) 847-8707. The Conference Passcode is 18408422.

Replay of the conference call will be available from 1:00 p.m. Pacific Time on Wednesday, May 14 through Wednesday, May 28, 2008. To access the replay, please call (888) 286-8010. International callers should call (617) 801-6888. The Conference Passcode is 49120138.

About HQ Sustainable Maritime Industries, Inc.

HQ Sustainable Maritime Industries, Inc. is a U.S. vertically integrated aquaculture and aquatic product producing, processing and distributing company with operations in the province of Hainan, in the South China Sea, the People's Republic of China. The Company is dedicated to environmentally sustainable toxin-free production and processing methods which give its customers the highest-quality products possible. The Company holds HACCP certification from the U.S. FDA and has an EU Code assignment of quality. The processing plant and the Company's operations were certified by the Aquaculture Certification Council (ACC) to meet Best Aquaculture practices (BAP) set by the Global Aquaculture Alliance (GAA). The Company's nutraceutical and healthcare products have passed stringent laboratory tests and are certified by the China Ministry of Health, and also are HACCP and PRC GMP certified. HQS' corporate headquarters is in Seattle. The Company's website is: http://www.hqfish.com.

Safe Harbor Statement

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."

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