SOURCE: HQ Sustainable Maritime Industries, Inc.

August 17, 2005 16:20 ET

HQSM to Penetrate European Equity Markets

NEW YORK, NY -- (MARKET WIRE) -- August 17, 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 confirmed a series of one-on-one presentations with institutional investors over a four day period in Switzerland.

This is the first of many steps to be undertaken by HQSM in creating a substantial presence in European Capital markets. HQ's products have been very well received in Europe. HQ has found a strong correlation between product acceptance and investor appetite. It is natural for the company to further present and develop its relations with the investment community there. Suisse Finance (America) Inc. has been retained to provide the liaison support and provide introductions.

Said Norbert Sporns, CEO of HQSM: "European investors have been tracking our Company from the earliest stages, and we must support this market with a well-structured road show."

Said Joseph J. Messina, Managing Director of Suisse Finance (America) Inc.: "HQSM is a company that we know from experience will establish tremendous inroads in Europe. Patient European investors will appreciate their story and growth opportunity."

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)

About Suisse Finance (America) Inc.

Suisse Finance (America) Inc. is an investment advisory firm located in New York, which provides a wide array of world-class strategic investment banking and financial advisory services for its clients. It is a marketing partner of Suisse Finance Holding, SA which is a privately owned investment concern, based in Switzerland, providing access to European equity capital for clients.

Suisse Finance (America) operates on the premise that it is dedicated to creating long-term value to its corporate clients with the superior level of attention normally afforded only to the highest tier clients of leading global investment banks. We are committed to providing our clients with mission critical strategic and financial advice at every step of an engagement. As banking professionals, we provide creative solutions to issues which are unique to small and middle-market businesses. We apply our market knowledge and skills to anticipate and manage their needs continuously.

Our clients include both rapidly growing businesses as well as established middle-market companies. A cornerstone of our philosophy is to provide a consistently high level of service while attaining the goals of our clients.

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