Management contends that this 'Perfect Storm' business environment, one of the largest in the past 75 years, set a unique landscape on which to build a vertically integrated International Seafood enterprise and execute a Roll-up Strategy in the industry.
Management believes that a business opportunity is available as a result of many wholesale companies that we contend were unable to complete existing orders or enter new orders for their longtime customers. Under normal circumstances, those customers may never have considered an alternative resource like Steele Oceanic but under the current conditions, we intend to expand our customer base by proving an alternative source to their orders.
As the markets begin to settle, Steele Oceanic is positioning itself to acquire assets of established companies, (now in need of a safe harbor to join), at a substantial discount to the premium normally expected for acquisitions and is in some cases, an actual discount to today's market values.
The Vision for Steele Oceanic: Utilizing a public entity to become one of the limited number of remaining 'buyers' in the growing number of motivated sellers in the small-middle tier entities. (See Acquisition of Global Seafood International, Inc. below)
