SOURCE: HQ Sustainable Maritime Industries Inc.

September 06, 2005 17:08 ET

HQSM Reveals Expanded Sales Strategy for Seattle Offices

Profit Margins to Increase

SEATTLE, WA -- (MARKET WIRE) -- September 6, 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 approved the expansion of the functions of its International Sales and new corporate offices in Seattle.

In addition to its International sales staff as well as the North American based senior management, the Company will diversify its sales strategy allowing the sale to retailers and service industry outlets of boxes of its products as opposed to the shipment of containers of products as is currently the case. Management believes that this higher margin business will add at least 15% profitability to its current sales. The Offices in Seattle will serve as well to import other seafood products so as to provide to its US clientele a more complete range of products.

Said Norbert Sporns, CEO of HQSM, "The new HQSM offices in Seattle will further vertically integrate our sales allowing our message to go more directly to important ultimate consumers of our products who do not currently accept delivery of container loads of products. This will play hand-in-hand with new branding and market education initiatives which will be announced shortly."

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, New York City, 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."

Contact Information

  • CONTACT:
    Norbert Sporns,
    Chief Executive Officer
    HQ Sustainable Maritime Industries, Inc.
    Tel. 212-618-1712
    Fax: 212-618-1713
    Email Contact