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Energy Co Aquires Agrimarine

VANCOUVER - AXEA Energy Inc, a capital pool company has announced that it entered into an agreement at the end of December 2007 for the arm's length acquisition of 100 per cent of the common shares of Agrimarine Industries Inc.

The proposed acquisition by AXEA has provided Agrimarine with a cash advance of $25,000.

Agrimarine is a private company located in Campbell River, British Columbia which has developed the world's first marine based commercially scalable, environmentally sustainable, closed-containment fish farming technology. This technology, which can be readily implemented worldwide through joint venture partnerships and license agreements within the aquaculture industry. It will support the emerging demand by retailers and food service outlets for ecologically and economically sustainable fresh fish.

Source: FOX Business