NaturalShrimp, Inc. Updates La Coste, Texas, Construction
DALLAS, TX, June 29, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – NaturalShrimp, Inc. (OTCQB: SHMP), the aquaculture company that has developed and patented the first commercially operational system for growing shrimp in a Recirculating Aquatic System (RAS), provides the following construction update:
The 40,000 square foot shrimp production metal building components are scheduled to arrive for assembly on-site in La Coste, Texas, toward the end of July. The Company is aggressively preparing the building groundwork leading to a poured concrete foundation. The concrete pad will include center grow-out tank drains and a belowground harvest tank. This arrangement will allow NaturalShrimp to quickly harvest shrimp from individual grow-out tanks when ready by simply opening the appropriate tank valve allowing the shrimp to gravity flow into a capture net in the harvest tank.
The Company has also begun the process of converting the existing 8,000 square foot greenhouse into a water treatment plant. This structure includes three in-ground concrete tanks and will contain the patented electrocoagulation (EC) filtration system.
The Company recognizes the extreme importance of safeguarding these new facilities from potential damages or threats. Much thought has gone into their design to protect individuals, the property, the shrimp, and Company proprietary information. This includes providing adequate physical security, biosecurity, and cybersecurity.
NaturalShrimp will continue providing construction updates through regular press releases.
ABOUT NATURAL SHRIMP: NaturalShrimp, Inc. is a publicly traded aqua-tech company, headquartered in Dallas, with production facilities located near San Antonio, Texas. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp.
This press release contains "forward-looking statements." The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company's current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company's control and could cause the Company's results to differ materially from those described. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements include statements regarding moving forward with executing the Company's global growth strategy.
The statements are based upon current beliefs, expectations, and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business.
Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to, the Risk Factors and other information set forth in the Company's Annual Report on Form 10-K filed on March 30, 2015, and in our other filings with the U.S. Securities and Exchange Commission.
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Source: NaturalShrimp, Inc.
Released June 29, 2020