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Tilapia Trump Card in HQ Profits

CHINA - HQ Sustainable Maritime Industries, Inc. a vertically integrated aquatic product producer, processor and distributor of tilapia and other aquatic products, and Marine-bio and healthcare products has recorded record sales in aquaculture and Marine-bio products for 2007.

It was an important year for HQS, which has operations in the People's Republic of China. And not just in terms of financial performance but also for advances in implementation of our business strategies, says a report filed on CNN Money.

Norbert Sporns, company Chairman and CEO said expansion of its aquaculture products processing plant and continued construction of a feed mill has boosted productivity. And the major certification of its tilapia enterprise from the ACC in December 2007,also broadens its potential for new customers.

"We continue to develop new markets for our branded aquaculture products, targeting major retail and food service chains throughout the world. Our Marine-bio products are increasingly popular in China and other parts of Asia," he added.

HQS' sales in the fourth quarter of 2007 were $17.7 million, an increase of 46.0 per cent year-over-year from $12.1 million in the fourth quarter of 2006. This increase was mostly due to increased sales of branded tilapia products to retail and food service chains.

View the CNN story by clicking here.

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Ellen Hardy

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