SOURCE: HQ Sustainable Maritime Industries, Inc.

HQ Sustainable Maritime Industries, Inc.

March 02, 2009 22:15 ET

HQ Sustainable Maritime Schedules Fourth Quarter and Year End 2008 Earnings Conference Call for March 12, 2009 at 4:30 p.m. ET

SEATTLE, WA--(Marketwire - March 2, 2009) - HQ Sustainable Maritime Industries, Inc. (AMEX: HQS) ("HQS" or the "Company"), a leader in toxin-free integrated aquaculture and aquatic product processing including fish byproduct personal healthcare products, today announced that the Company has scheduled the release of its 2008 fourth quarter and year end results for after the close of the market on March 12, 2009.

The company will host a conference call at 4:30 p.m. Eastern Time on Thursday, March 12, 2009 to discuss its financial results for the fourth quarter and 2008 fiscal year. On the call, Mr. Norbert Sporns, President and Chief Executive Officer, and Mr. Jean-Pierre Dallaire, Chief Financial Officer will discuss the Company's results, and review operational highlights and other business developments.

To participate in this live conference call, please call the following number five to ten minutes prior to the scheduled conference call time: (866) 394-1757. International callers should call (706) 643-3624. The Conference Passcode is 87861445. A replay of the conference call will be available from 5:15 p.m. Eastern Time on Thursday, March 12 through Sunday, April 12, 2009. To access the replay, please call (800) 642-1687. International callers should call (706) 645-9291. The Conference Passcode is 87861445.

About HQ Sustainable Maritime Industries, Inc.

HQ Sustainable Maritime Industries, Inc., headquartered in the United States, is an integrated aquaculture and aquatic product processing company, with production facilities in the island province of Hainan, in the South China Sea. HQS 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. The Aquaculture Certification Council, Inc. (ACC) certified that tilapia processing standards met Best Aquaculture Practices, and the Chinese government gave organic certification to the Company's tilapia production, processing, labeling, marketing and management system. The Company owns a nutraceuticals and health products company, which is HACCP and GMP certified, and produces and sells products subject to stringent laboratory tests certified by the China Ministry of Health. This GMP certified plant produces nutraceuticals, which enrich feed used by HQS' cooperative aquaculture operations. In addition to headquarters in Seattle, HQ has operational offices in Wenchang, Hainan. 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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