SOURCE: HQ Sustainable Maritime Industries Inc.

October 24, 2005 08:08 ET

Massive Investor Relations Campaign: Over 1,000 Broker Dealers Targeted by CFSG for HQSM

NEW YORK, NY -- (MARKET WIRE) -- October 24, 2005 -- Consulting For Strategic Growth I, Ltd. (CFSG), an investor relations firm specializing in domestic and international companies new to American financial markets, has been retained by HQ Sustainable Maritime Industries Inc. (OTC BB: HQSM) to launch a massive investor relations campaign on behalf of the Company.

The campaign will include visits to regional broker-dealers in the northeast, introduction of the Company to numerous stock portals, and introductions to the financial and business media. CFSG is targeting over 1,000 broker-dealers in the coming year.

Stan Wunderlich, CEO of CFSG, said, "We are very excited about HQ's dynamic market potential. We enjoyed a relationship with the Company in the past and are pleased to renew it at this important moment in its development. The financial partnership with Amalgamated Resources Holdings Inc, announced this week, provides for loan guarantees of up to $70 million to support HQ's expansion plans. In the last 12 months, the Company, in our opinion, has positioned itself clearly as an international leader in zero-toxin aquaculture by enhancing its vertical integration with an expanded state-of-the-art processing plant, the acquisition of a nutraceutical manufacturing facility, and plans for a zero-toxin feedmill scheduled to open in 2006. This is coupled with new marketing and distribution initiatives, the opening of a new corporate headquarters in Seattle, and new financing. We believe the investment community will soon correct what we believe to be HQ's currently undervalued stock price."

Norbert Sporns, CEO of HQ Sustainable, said, "We worked with Stan and CFSG shortly after we became a public U.S. company and we believe their expertise will once again be important to our growth. We have built the company's fundamental business substantially in the past year, and we are now well positioned in a high-growth international market. We believe CFSG can make our potential clear to key members of the U.S. investment community and the financial and business press."

About Consulting for Strategic Growth I, Ltd.

CFSG has decades of hands-on corporate development experience combined with broad personal outreach in the private equity markets and Wall Street broker/dealer communities. In the rapidly changing world of corporate finance, CFSG is a leader in reverse mergers, investor and public relations and corporate development for small-cap companies and private enterprises, both domestic and international. Recently, CFSG opened a satellite office in Boca Raton, Fla., to capitalize on expanding investor relationships in that region, and enhanced its major media outreach capacity.

In addition to U.S. clients, CFSG's portfolio includes businesses based in countries such as China, South Africa and Canada. The firm's long-term relations with investment bankers and private equity investors allow it to quickly position its clients in front of the decision makers, market makers and gatekeepers of the financial world.

CFSG's strategic relationships include KCSA Worldwide, one of the leading independent investor relations and public relations firms in the U.S.; Rodman & Renshaw, Inc., a full-range investment bank nurturing emerging growth companies since 1951; and Wellfleet Partners, Inc., a boutique investment and merchant banking, venture capital and financial services and consulting firm founded in 1998.

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."

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, CEO
    Bonnie Stretch - Editorial
    Dan Stepanek - Media
    Consulting for Strategic Growth I
    Tel.: 1-800-625-2236
    Email Contact