HQ Sustainable Maritime Industries Acquires a Significant New Customer

SOURCE:

HQ Sustainable Maritime Industries, Inc.

2008-03-31 05:08:00

HQ Sustainable Maritime Industries Acquires a Significant New Customer

SEATTLE, WA–( EMWNews – March 31, 2008) – HQ Sustainable Maritime Industries, Inc. (AMEX: HQS) (“HQS” or the “Company”), a leader in toxin-free integrated

aquaculture and aquatic product processing with operations in Hainan, PRC,

today announced that the Company has received a large order from a global

seafood processing company for HQS’s new frozen block fillets and for

frozen, toxin-free all natural tilapia fillets. The buyer supplies major

fast-food and retail chains with tilapia as a sustainable alternative to

ocean harvested fish.

The Company announced the order because it will have a material effect on

the Company’s finances, as well as a significant impact on the Company’s

production and processing of tilapia products. Industry practice is not to

disclose the names of major customers.

HQS recently developed the block fillets to replicate the taste and texture

of Alaskan Pollack, a species typically used in fast-food fish sandwiches.

Major chains are looking to the aquaculture industry to supplement their

fillet supply, since wild ocean stock continues to decline from

overfishing, global warming and pollution.

In addition to meeting rigorous quality standards, the tilapia fillets

successfully met the taste and texture standards of all parties involved.

“This order signals a new direction for HQ Sustainable and will require a

major increase in our production,” said Norbert Sporns, the Company’s

Chairman and Chief Executive Officer. “This customer does not take on new

suppliers lightly and conducted substantial due diligence before deciding

to work with us. We’ve been gearing up for some time, and we are thrilled

to have earned their confidence, as this opportunity offers incredible

market potential.”

HQ Sustainable is the first major tilapia provider to receive Best

Aquacultural Practices (BAP) certification for its processing operations

from the Aquaculture Certification Council (ACC certification), a benchmark

required by many U.S. retailers. The company’s facilities are also one of

only 20 China-based aquaculture operations directly inspected and approved

by the U.S. Department of Commerce.

About HQ Sustainable Maritime Industries, Inc.

HQ Sustainable Maritime Industries, Inc. is an integrated aquaculture and

aquatic product processing company, with operations based in the

environmentally pristine island province of Hainan, in the South China Sea.

HQS practices co-operative sustainable aquaculture, using nutraceutically

enriched feeds and conducting fish processing and sales. The company is

dedicated to sustainable toxin-free methods giving its customers the purest

products possible. The Company holds HACCP certification from the U.S. FDA

and the EU Code assignment of quality, permitting its products to be sold

in these international markets. The Aquaculture Certification Council, Inc.

(ACC) certified that tilapia processing standards met Best Aquaculture

Practices, and the Chinese government gave organic certification the

Company’s tilapia production, processing, labeling, marketing and

management system. The Company owns a nutraceuticals and health products

company, which is HACCP and GMP certified, and produces and sells products

subject to stringent laboratory tests certified by the China Ministry of

Health. This GMP certified plant produces nutraceuticals, which enrich feed

used by HQS’ cooperative aquaculture operations. In addition to

headquarters in Seattle, HQ has operational offices in Wenchang, Hainan.

The Company’s website is: http://www.hqfish.com.

Safe Harbor Statement

Certain statements in this press release that are not historical facts are

“forward-looking statements” within the meaning of the Private Securities

Litigation Reform Act of 1995. Such statements may be identified by the use

of words such as “anticipate,” “believe,” “expect,” “future,” “may,”

“will,” “would,” “should,” “plan,” “projected,” “intend,” and similar

expressions. Such forward-looking statements involve known and unknown

risks, uncertainties and other factors that may cause the actual results,

performance or achievements of HQ Sustainable Maritime Industries, Inc.

(the Company) to be materially different from those expressed or implied by

such forward-looking statements. The Company’s future operating results are

dependent upon many factors, including but not limited to the Company’s

ability to: (i) obtain sufficient capital or a strategic business

arrangement to fund its expansion plans; (ii) build the management and

human resources and infrastructure necessary to support the growth of its

business; (iii) competitive factors and developments beyond the Company’s

control; and (iv) other risk factors discussed in the Company’s periodic

filings with the Securities and Exchange Commission, which are available

for review at www.sec.gov under “Search for Company Filings.”

Contact:

HQ Sustainable Maritime Industries, Inc.
Norbert Sporns
Chief Executive Officer
Phone: 206-621-9888
Email:

CCG Elite Investor Relations
Crocker Coulson
President
Phone: +1-646-213-1915
Email:

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