Dallas, Texas, July 22, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- NaturalShrimp, Inc. (OTCQB: SHMP), the aquaculture company that has developed and patented the first commercially-operational RAS (Recirculating Aquaculture System) for shrimp, provides the following construction update:
The foundation work is nearing completion in preparation for the assembly of the 40,000 square foot shrimp production building. When completed, it will contain twenty 2,000-gallon nursery tanks, forty 20,000-gallon growout tanks, two 10,000-gallon settling tanks, and one 20,000-gallon harvest tank for a total tank volume capacity of 880,000 gallons.
The building will include an isolated visitor reception conference room to hold high level discussions with potential partnering groups. Employees will gain access to the building through a separate security/biosecurity entrance. The building will also house a water quality laboratory, aeration, heating, and feeding rooms, restrooms/showers, and some office/storage space. The harvest area will support the capturing and packaging of the harvested shrimp.
Visit the NaturalShrimp website at https://naturalshrimp.com/ and look under the News tab to see this press release including a photo rendition layout of the inside of the shrimp production building. The harvest tank is in place and the Company has the two settling tanks and two of the growout tanks on site ready for assembly and installation and has placed orders for the other 38 growout tanks along with the tank heating system.
In parallel, the Company has continued its conversion of the existing 8,000 square foot greenhouse into a water treatment plant that will house the patented electrocoagulation (EC) filtration system. The internal renovation is nearing completion to make it ready for receiving the filtration system components. The Company is replacing the outer plastic greenhouse covering with metal sheeting to provide the security needed for protection of the contents. It will have its own security/biosecurity entrance with very limited access.
NaturalShrimp will continue providing construction updates through regular press releases.
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-K filed on March 30, 2015, and in our other filings with the U.S. Securities and Exchange Commission.
Contact: Paul Knopick
940.262.3584
pknopick@eandecommunications.com
