Aquaculture for all

Edgewater Foods in $2 Million Scallops Deal

US - Edgewater Foods International has announced that the Company has signed a $2 million order with Fanny Bay Oyster Co., a division of Taylor Shellfish Farms of Shelton, Wash., an international seafood distributor and the largest shellfish company on the West Coast.

The order is for more than 800,000 lbs. of Edgewater's proprietary Pacific scallops to be delivered to Fanny Bay over the next 13 months. The order includes live scallops, fresh scallop meat and frozen scallops to be farmed in Edgewater Foods' Qualicum Beach, British Columbia, operation, and packaged and delivered in various scallop products (including live in-the-shell, frozen half-shell and fresh meat).

The Pacific scallop is a special scallop which can grow to more than one pound and is largely disease resistant. Island Scallops Ltd, a subsidiary of Edgewater Foods International, is the sole source of Qualicum Beach scallop seed in the world and will be providing these unique scallops to Fanny Bay.

Robert Saunders, Chairman and CEO, Edgewater Foods International, said: "This is the largest order Edgewater has received to date and confirms the unique high quality scallop that we have worked so hard to develop. We are very pleased to be working with Taylor Shellfish Company, and we look forward to working with the management of Fanny Bay in preparing and delivering this order.

We anticipate that this will be the start of a long term relationship with Taylor Shellfish which will benefit both our companies. Scallops have become increasingly popular with the general public. As we at Edgewater expand our farms and processing capabilities, we will expand our scallops into new markets in North America and abroad."

In April 2008 Edgewater Foods received approval from the British Columbia Government to convert its largest scallop farm to off-bottom growing. This change in farming operation has provided the Company with the potential to add more than 20 million scallops to its annual harvest cycle when the build is completed.

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