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 ACQUISITION AND FOREIGN MARKETS EXPANSION
Acquisition and Foreign Markets Expansion
Investigate possible acquisitions of other aquaculture companies, equipment vendors and/or seafood distributors. We plan to initially focus on companies that we believe could significantly benefit from our hatchery technology and expertise. As part of this initiative we recently established an Acquisition/Business Opportunity Board Committee and are currently beginning initial conversions with both North American and Chinese based companies. Aside from the November 2008 acquisition of Granscal Sea Farms Ltd., a Kanish Bay Company, to date, no new definitive agreements have been signed.
Look to indentify either new strategic investors and/or possible joint venture partners who could help us capitalize on existing sablefish (or blackcod) hatchery technology and expertise. One possible arrangement would be for us to license our blackcod hatchery technology and expertise to a strategic partner. As of the date of this filing, we have yet to locate either a strategic investor or a joint venture of licensing partner. If we do indentify a suitable arrangement, our goal would be to capitalize on the high demand for sablefish in foreign markets by entering into the blackcod market in the next 2 to 3 years.
We plan to expand current scallop distribution by leveraging our initial 500,000 piece frozen roe on scallop meat order with European Union seafood distributors. While our arrangement with Taylor Shellfish will focus on North America markets, we believe this order could represent an important first step towards establish a large European based demand for our scallops.
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 SCALLOPS BLACK COD GENERAL FISHERIES  FOREIGN MARKET EXPANSION |
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