SOURCE: HQ Sustainable Maritime Industries, Inc.

February 13, 2007 08:08 ET

HQSM Forms Strategic Alliance With Newly Weds® Foods to Customize Exclusive New Line of Products for Chinese Market

"TiLoveYa"™ Flavored Fillets to Hit the Market

SEATTLE, WA -- (MARKET WIRE) -- February 13, 2007 -- HQ Sustainable Maritime Industries, Inc. (OTCBB: HQSB), a leader in toxin-free integrated aquaculture and aquatic product processing, announced today that it has agreed to work with the Beijing division of Newly Weds® Foods, Inc. to introduce an exclusive, innovative line of battered and breaded flavored TiLoveYa™ fillet products to Chinese consumers.

The new product line will use the vast international taste technology of Newly Weds® Foods, Inc., as developed in its China operations, to manufacture value-added breaded TiLoveYa™ toxin-free fillet products to consumers in China. Most breaded value-added fish products currently marketed in China and the West suffer in quality from multiple rounds of freezing, deteriorating the taste, juiciness, texture and quality of the product.

HQ will focus on fresh fillets that are frozen only once, coupled with Newly Weds'® food technology know-how, to bring a higher quality, breaded value-added TiLoveYa™ fillet to market. Fast food chains and big city service and retail industry outlets have been targeted, and the initial response has been very positive.

Bob Emel, HQ's Head of Retail sales, said, "HQ has brought a high quality toxin-free sustainable product with innovative marketing and branding to the American market. It is now expanding on this expertise to create an exciting new line of products in China using Newly Weds'® superior taste technologies. We have begun rolling out these same products in the United States. We are happy to innovate with Newly Weds in developing superior products for the China and American markets and beyond."

Trond Ringstad, Executive VP Marketing and Sales of HQ Sustainable Maritime, said, "Expanding our product line to include high quality value-added products is greatly facilitated by working with a world leader in flavor technologies such as Newly Weds® Foods. This innovation will directly impact on profitability and bring more character to the range of our products."

About Newly Weds® Foods (Beijing), Inc. (China)

In the food processing and foodservice industries, Newly Weds® Foods is recognized as a premier global purveyor of Customized Taste Technology. The company has a global reach, with 16 state-of-the-art plants and 12 regional laboratories. It is number one in the world in food coatings and a leader in formulated seasonings. Its national account focus and commercial processing expertise make it a prime partner to develop flavor preparations in connection with HQ. For more information consult its global web site at http://www.newlywedsfoods.com/.

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