12Retyr
3 hours ago
NEWS>>Natural Shrimp, Inc. Announces New Markets for Sale of Shrimp
https://ir.naturalshrimp.com/news-events/press-releases/detail/161/natural-shrimp-inc-announces-new-markets-for-sale-of
The Company Increases Production to support Market Expansion
DALLAS, May 1, 2024 /PRNewswire/ -- Natural Shrimp, Incorporated. (OTCQB: SHMP) (the "Company" or "NSI"), a Biotechnology Aquaculture Company that has developed and patented the first seafood-focused commercially operational RAS (Recirculating Aquaculture System), today announced that, as a result of significantly increased production at its Webster City facility, the Company is in the process of identifying, contacting and securing new commercial outlets for the sale of the Company's sushi grade shrimp.
As the Company has previously reported, Natural Shrimp has already penetrated the Chicago market and has established several repeat and reliable customers. What the Company has not reported is that the Company has been approached by these customers wanting to establish local distribution centers and to act on the Company's behalf to service other local markets, restaurants and end-users in the Chicago area.
With the Company's increased production, Brian Rashid, the Company's sales manager, has extended his sales territories to cover new and different commercial markets in the upper Midwest to familiarize these potential new customers with the superior qualities and characteristics of Natural Shrimp's premium grade shrimp. Mr. Rashid has met with and secured purchases from Asian markets in Minneapolis and Kansas City and has made deliveries to groups in Tulsa. When Mr. Rashid was asked about the success he had encountered in these new markets, Mr. Rashid stated: "I am lucky to have a product that, once presented and tasted, sells itself. Since most new customers with whom I have met are unfamiliar with Natural Shrimp or its products, the process initially involves educating the potential customers in the manner and method of preserving, packaging and sales."
Mr. Rashid continues "We continue to target Asian markets that are more experienced in the sale of live seafood and whose customers trust they will provide then with the best quality. As Natural Shrimp continues to gain traction and brand recognition in the marketplace, we expect to able to expand our footprint and serve a more generalized audience in the near future." In this respect, the Company is currently in negotiations with other regional markets with the specific intention of expanding this footprint.
uber darthium
2 days ago
This one did to make it but a few hours
NaturalShrimp Closes Acquisition of Hydrenesis Aquaculture, LLC
Press Release | 08/26/2021
Additional Technology Drives Current Shrimp Production and Scale
Enables Product Expansion into $17 Billion Global Salmon Market, Barramundi and other Freshwater Fish Markets
DALLAS, TX, Aug. 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused, commercially operational RAS (Recirculating Aquaculture System), today closed the previously announced acquisition of the aquaculture assets of Hydrenesis Aquaculture, LLC for $12,500,000, consisting of $4,000,000 in cash and the balance due in NSI common stock, including a stock consideration payment at a price of $0.505 per share.
Hydrenesis, Inc. and Hydrenesis Aquaculture, LLC, headquartered in Pompano Beach, FL, are private technology owners and technology commercialization companies that partner with leading IP holders and industry insiders to commercialize innovative technologies in major industry sectors.
Hydrenesis “Redox” water treatment technologies have the ability to affect water chemistry and elevate water quality, and they are proving to be critical technologies for scaling hatchery and nursery systems and impacting growth and health metrics. Trials of the technology in Norway and Australia are showing preliminary efficacy in disease control in salmon, barramundi, and tilapia farming segments.
“The acquisition is expected to act as a major growth driver for NaturalShrimp, opening the door for expansion of our platform technologies into additional worldwide seafood markets, including salmon, barramundi, and other freshwater fish,” said Gerald Easterling, CEO of NaturalShrimp. “As long-term partners with Hydrenesis, we can immediately begin integration and deployment of the technology in our shrimp hatchery and nursery systems without interruption, and the acquisition is expected to be accretive to operations and earnings in fiscal year 2022.
“Extending commercialization of Hydrenesis technologies to additional species applications expands our addressable markets into the $17 billion global salmon market and other farmed freshwater fish. Demand for barramundi and tilapia continues to increase in the U.S., China, and other countries as consumers seek unique and sustainable fish options. The technology also expands our licensing opportunities, and we expect to file additional patents around the expansion of the application and use of the combined EC and Hydrenesis technology. Integrating Hydrenesis technology into our patented proprietary technologies will further advance our growth strategy and drive long-term value creation for our shareholders.”
David Antelo, CEO of Hydrenesis, Inc., commented, “Global demand for solutions within the aquaculture industry have afforded companies the opportunity to become leaders of innovation. It takes focus and persistence to provide viable, sustainable, and profitable solutions. Hydrenesis has striven to find the right relationships and we couldn’t be happier to join NaturalShrimp. Its executives are already technology focused and they have a deep understanding of how every aspect of water quality is going to be key to maximizing profitability in the indoor aquaculture sector. We’re looking forward to deploying our existing technologies together and to the joint development of exciting new technologies going forward that will lead the industry.”
Hey but what about this ? They both can’t be accurate ?
NOTE 6 – RIGHTS AGREEMENTS
On August 25, 2021, the Company, through their 100% owned subsidiary NAS, entered into an Equipment Rights Agreements with Hydrenesis-Delta Systems, LLC (Hydrenesis-Delta") and a Technology Rights Agreement, in a sub-license agreement with Hydrenesis Aquaculture LLC ("Hydrenesis-Aqua"), The Equipment Rights involve specialized and proprietary equipment used to produce and control, dose, and infuse Hydrogas® and RLS® into both water and other chemical species, while the Technology sublicense pertains to the rights to Hydrogas® and RLS®. Both Rights agreements are for a 10 year term, which shall automatically renew for ten year successive terms. The term can be terminated by written notice by mutual consent, or by either party upon a breach of contract, insolvency or filing of bankruptcy. The agreements accord the exclusive rights to purchase or distribute the technology, or buy or rent the equipment, in the Industry Sector, which is the primary business and revenue stream generated from indoor aquaculture farming of any species in the Territory, defined as anywhere in the world except for the countries in the Gulf Corporation Council.
The consideration for the Equipment Rights consists of the sum of $2,500,000, with $500,000 in cash paid at closing, and $500,000 to be paid on the first day of the next calendar quarter, plus $250,000 to be paid on the first day of each successive calendar quarter until the amount is paid in full.
Per the Terms set forth in the Technology Rights Agreement, the consideration is defined as the sum of $10,000,000, consisting of $2,500,000 in cash at closing, and an additional $1,000,000 within 60 days after closing, and $6,500,000 worth of unrestricted common shares of stock in the parent company, NSI, at a stipulated share price of $0.505. Determined with this stipulated price, 12,871,287 shares are required to be issued. Based on the market price on August 25, 2021 of $0.37, is the fair value of the shares is $4,762,376, which results in a fair value total consideration of $8,262,376. As of September 30, 2021, the shares are not yet issued and are therefore classified in Shares payable. The common shares are covered by a Lock-Up ad Leak-Out Agreement.
The terms of the Agreements set forth that NAS will pay to Hydrenesis 12.5% royalty fees. The royalties are calculated per all customer or sub-license revenue generated by NAS, NSI or any Affiliate, from the sale or rental of either the Technologies or Hydrenesis Equipment, based on gross revenue less returns, rebates and sales taxes. There are sales milestones for exclusivity, whereby if NAS fails to achieve a sales milestone starting in Year 3, the exclusivity rights in both of the Rights agreements shall revert to non-exclusive rights. To maintain the exclusivity for the subsequent year, the Company may pay the amount of the royalty fees that would have been due if the Sales Milestone had been meet in the current year.
uber darthium
2 days ago
Franny remember this ? Like all things SHMP, this too did not age well
NaturalShrimp and Gulf Seafood Achieve Key Milestone with First Commercial Deliveries of Live Shrimp
Press Release | 11/23/2021
DALLAS, TX, Nov. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused, commercially operational RAS (Recirculating Aquaculture System), today announced the Company and Gulf Seafood Inc. (GSI) have achieved a key milestone with the first commercial deliveries of live shrimp to customers as part of their previously announced purchase agreement signed in October for a three-month trial and delivery of 25,000 pounds of live shrimp which GSI will purchase, distribute and market.
The deliveries were made to customers in several major cities and transported using GSI’s proven waterless packaging method of keeping shrimp alive during shipping without the need for adding water to the package. Gulf Seafood has over a decade of experience refining and perfecting the packaging and delivery of live shrimp, having successfully distributed over 2 million pounds of shrimp using their waterless packaging technology.
NaturalShrimp also announced the successful development of an industry-leading packaging facility at NaturalShrimp’s Webster City, Iowa facility with Gulf Seafood assisting in the procurement of materials, setup including necessary equipment, logistical support, staff training and packaging necessary for shipment of live shrimp.
“The first deliveries of live shrimp are a key milestone in the commercialization of our land-based gourmet-grade shrimp,” said Gerald Easterling, CEO of NaturalShrimp. “Gulf Seafood has proven to be a valued partner through their distribution network, experience in logistics and packaging technology. These deliveries are also validation of NaturalShrimp’s patented RAS technology that can produce the highest grade of land-based Pacific white shrimp without the use of antibiotics, probiotics or toxic chemicals at scale and doing so in a socially responsible and environmentally friendly manner. Weekly production is on track for the first quarter of 2022, and our sales and marketing team, led by Marco Van Den Berg, is highly focused on attracting customers and finalizing customer agreements with distributors and processors for long term supply agreements.”
William Delgado, Chief Financial Officer of NaturalShrimp, added, “The development of an industry-leading packaging facility at our Webster City, Iowa facility is also an important marker in our partnership with Gulf Seafood. After Thanksgiving our goal is to duplicate this proven system and establish commercial distribution from our facility at La Coste, Texas that will allow an even greater geographic footprint for our live shrimp.”
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JoshTaeger
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