NaturalShrimp announces North American expansion plans
Indoor Shrimp farming company selects regional locations for new facilities
LA COSTE, Texas, June 7, 2016 /PRNewswire/ -- NaturalShrimp Incorporated, a global leader in aquaculture technology, has announced its domestic expansion plans for three regional shrimp production systems in Texas, Nevada and New York. The regional facilities will include sales, packaging, shrimp plant management along with its patented water treatment systems and technology for growing shrimp in an indoor environment. Dallas and San Antonio, Texas will remain the company's headquarters for operations and production.
"After careful deliberation, NaturalShrimp has decided on three locations to build its first regional shrimp production systems," said Director of Operations Scott Stubblefield. "The three locations will serve as distribution centers, not only to the surrounding areas, but allow NaturalShrimp the opportunity to expand its brand domestically. The worldwide Shrimp demand continues to escalate, with the corresponding supply side dwindling due to disease and other factors in the traditional areas of shrimp production."
In addition, the Company continues its involvement as one of the largest shareholders in the European Holding company with its first production operation located outside of Madrid, Spain designed to optimize their technology and production methods. "We are very happy with the progress our partners in Europe in executing their business objectives in that region," commented NaturalShrimp President, Gerald Easterling.
At the close of its current funding, NaturalShrimp will begin to seek-out areas near Las Vegas and New York, while construction begins in La Coste, Texas.
About NaturalShrimp Incorporated (OTCQB: SHMP)
NaturalShrimp is a publically traded Agro-Tech company located near San Antonio, in La Coste Texas. NaturalShrimp has developed and tested the first commercially-viable system for growing shrimp indoors and is currently raising capital for expansion. This system uses a proprietary technology to reliably produce healthy, naturally-grown shrimp weekly without the use of antibiotics or toxic chemicals. www.naturalshrimp.com
FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the holding industry; the positioning of NaturalShrimp Holdings, Inc. in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether NaturalShrimp Inc. can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
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SOURCE NaturalShrimp Incorporated
Released June 7, 2016