SOURCE: HQ Sustainable Maritime Industries, Inc.

November 03, 2005 08:08 ET

HQSM CEO to Be Interviewed on MoneyTV

Financial Results and New Announcement to Be Discussed

SEATTLE, WA -- (MARKET WIRE) -- November 3, 2005 -- HQ Sustainable Maritime Industries, Inc. (HQ) (OTC BB: HQSM), a Delaware corporation engaged in integrated aquaculture and aquatic product processing, announced today that it has accepted an interview of its CEO, Norbert Sporns, from the floor of the American Stock Exchange, to be broadcast on Saturday, November 19, 2005, at 6:30 AM ET and PT. The MoneyTV program will then be rebroadcast the following Sunday at 8:00 AM and 11:00 AM ET, Monday and Tuesday at 7:30 PM ET and Wednesday at 7:00 PM ET. The television program can also be viewed online at www.moneytv.net as of the 18th of November.

Mr. Sporns will discuss HQ's financial results for the third quarter as well as its new financial partnership with Amalgamated Resources Holdings Inc. ("Alps"), which in mid October agreed to provide guarantees in support of traditional bank loans for up to $70 million. HQ intends to use the proceeds of such loans to expand the company's branding, vertical integration and production. As a first step, the Company plans to expand its distribution, marketing and branding initiatives in the United States.

Mr. Sporns will also make an important announcement related to the future of the Company.

Mr. Sporns stated, "I believe this interview will provide investors and the Wall Street community with fresh insight into HQ's strong financial position and our unique potential for growth and leadership in the international market for zero-toxin aquaculture products. We have recently enhanced our vertical integration with an expanded state-of-the-art processing plant and the acquisition of a nutraceutical manufacturing facility, and we plan to open a zero-toxin feedmill in 2006, followed by additional production facilities. We expect our new corporate headquarters in Seattle will spearhead diversification of our international and North American sales strategies."

About MoneyTV

MoneyTV is the nationally syndicated television program all about money and what makes it happen, featuring informative interviews with CEOs, insights into their operations and outlooks for their futures. Free information packages from the featured companies can be requested by sending an email to info@moneytv.net of by calling the toll-free phone number on their TV screen. The television program can also be viewed online immediately at www.moneytv.net.

The weekly television program debuted in 1996 and is broadcast nationally on Saturdays at 6:30 AM ET and PT, Sundays at 8:00 AM ET, and 11:00 AM ET, Mondays and Tuesdays at 7:30 PM ET and Wednesdays at 7:00 PM ET. MoneyTV is broadcast to 40 million TV homes in Western Europe, Wednesdays at 19:30 PM. MoneyTV is also broadcast on NBC-TV in the Virgin Islands and Puerto Rico. A complete menu of TV and radio listings is available at the MoneyTV web site, http://www.moneytv.net.

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's activities include using renewable ocean resources, practicing cooperative sustainable aquaculture, using nutraceutically enriched feeds and conducting fish processing and sales. Its variety of farmed and ocean-harvested products -- ranging from tilapia and shrimp to squid and red snapper -- are sold around the world. 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 has recently acquired 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 operational offices based in Haikou, Hainan, HQ has offices in Montreal, Hong Kong, Beijing, and Shanghai. (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 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 comapny and thereafter sell those shares at any time it deems appropriate to do so.

Contact Information

  • CONTACT:
    Norbert Sporns
    Chief Executive Officer
    HQ Sustainable Maritime Industries, Inc.
    Tel. 917-291-3679
    Fax: 450-465-7348
    Email Contact

    Stanley Wunderlich
    Chief Executive Office
    Consulting for Strategic Growth 1
    Tel: 800-625-2236
    Fax: 212-337-8089
    Email Contact