Exhibit 99.1
NaturalShrimp Submits its Application to NASDAQ Capital
Market
Dallas,
Texas, Aug. 19, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --
NaturalShrimp, Inc., (OTCQB:SHMP), an aquaculture Company which has
developed and patented the first commercially operational
Recirculating Aquaculture System (RAS) for shrimp, announced today
that it has filed its initial listing application with the NASDAQ,
an important first step in the Company’s plan to uplist its
common stock on the NASDAQ Capital Market.
“The
Company has been working tirelessly to complete all of the
necessary steps to successfully meet the requirements for listing
on the NASDAQ,” said William Delgado, CFO of NaturalShrimp.
“If approved, upon meeting all the listing criteria, we feel
this move will provide the Company the proper exposure to help
broaden our shareholder base and increase appeal to institutional
investors, ETFs and indexes. Through our potential purchase of Vero
Blue and F&T, we believe our business model design provides us
a path towards profitability,” added Mr.
Delgado.
Gerald
Easterling, CEO of NaturalShrimp, commented, “We believe
NaturalShrimp is at an inflection point where the Company can grow
exponentially. NaturalShrimp has been a pioneer and innovator in
the aquaculture industry for two decades, and uplisting to the
NASDAQ would help validate our continued drive to become a leader
within the aqua-tech space,” continued Mr.
Easterling.
NASDAQ
must approve NaturalShrimp’s application before the
Company’s common stock can be listed. While there are no
guarantees that the Company will be approved, NaturalShrimp is
continuing to make strides in meeting the listing criteria in the
near future.
ABOUT
NATURALSHRIMP: 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.
Forward
Looking Statements
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-Q filed on November 21, 2019, and in our
other filings with the U.S. Securities and Exchange
Commission.
Contact:
Richard Brown
nesscapconsult@gmail.com
(775)
443-4740