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NEWS!!-NaturalShrimp Issues Sales and Marketing Update
Sales and Marketing Veteran Brian Rashid Appointed Regional Sales Manager
DALLAS, TX, Aug. 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the commercially operational RAS (Recirculating Aquaculture System), today issued a marketing and sales update.
Live Shrimp Sales
The Company has established a regular live shrimp sales program with customers in Chicago (from the Webster City, IA facility) and San Antonio (from the La Coste, TX facility). These customers quickly sell the shrimp, rapidly increasing demand for more product. Deliveries are now increasing every week and NaturalShrimp’s distribution footprint will significantly increase in Austin and Dallas following recent successes in San Antonio.
Regional Sales Manager
NaturalShrimp also announced that Brian Rashid has been appointed Regional Sales Manager, where he will lead area sales and marketing efforts. Brian was born in San Antonio, Texas and currently lives in the hill country near Boerne. Brian attended Trinity University, where he majored in Business Management and Administration. He has spent his 19-year career in Sales and Marketing, the last 13 years of which he was the Director of Sales for a nationally recognized U.S. company. Brian brings extensive experience, both growing large customer-bases and managing key account relationships.
Dallas-based Harvest Select Retail On-Line Program
The Company has identified a location of interest in the Dallas Fort Worth area for its NaturalShrimp Distribution Center. The distribution center will enable NaturalShrimp to receive and process product for packaging and preparing shrimp for our online ordering and home delivery program. The Company is currently testing packaging of heads on fresh, frozen, and cooked shrimp. Chef Douwe Iedema will be heading up the NaturalShrimp Distribution Center along with offering his unique NaturalShrimp sauces and spices. The NaturalShrimp Distribution Center would make it possible for the Company to process thousands of pounds of shrimp not only for the home, but as a distribution hub for pickup and delivery to local chefs, as well as in-person purchasing and pick up to the general public.
“We are now seeing increasing sales for our live shrimp sales program and are currently in advanced talks to supply fresh product to a leading national wholesale food service distributor, starting in Texas,” said Gerald Easterling, CEO of NaturalShrimp. “To help lead these efforts, we have recently brought on a new sales manager, Brian Rashid. Brian has demonstrated his ability to build solid relationships and is a creative thinker who will ensure we deliver consistent quality product and benchmark service to our customers across multiple sales channels as we continue with our growth strategy.”
Marco Van Den Berg, Vice President of Sales, added, “Our key retail customers have confirmed that their overall consumer conversion rate, following several trial purchases, are increasing every week. Wild caught shrimp is not consistent and has many factors impacting supply. Our quality by far exceeds imported frozen wild caught or farmed product. However, delivering live product requires a steady supply that is consistent in size and quality, customer education and special attention to servicing our customers post-delivery. We believe we can continue to build the live market in the United States with customers that never purchased live because they couldn’t procure it consistently. We now have reputable restaurant chains seeking a point of differentiation, requesting Live and Fresh product in many of the fastest growing urban cities.”
https://ir.naturalshrimp.com/news-events/press-releases/detail/138/naturalshrimp-issues-sales-and-marketing-update
Except SHMP’s not….
This stock is a growth stock and huge potential. I am here for the long haul.
Just another Tom Kane Scam Zzzzz
Lovin' SHMP scampi. Grab some garlic bread. Yum!
Hard to find a tasty dish like this so inexpensive.
So satisfying.
Go SHMP.
Mmm.
You keep making my points about SHMP for me. Thanks. I'll ask Capt. Obvious to stand down.
The can can only be kicked so far.
Don't disagree but much more than a year
SHMP has shown that LaCosteUnknown is a bust.
Not sure how you conclude that. They have not proven TO DATE they can grow shrimp consistently and profitably. That doesn't translate into a bust
Now SHMP has to get through an Iowa winter. Pacific White Leg don’t like the cold.
Shrimp prefer WATER temperature between 82-84 degrees. Not sure why ambient temperature will have anything to do with water temperature in building. Of course, heating costs will go up in winter.
Maybe SHMP will provide each shrimp with a little puffy coat before it goes on the truck for the trip to the live bait shop.
No comment needed
The can can only be kicked so far. SHMP has shown that LaCosteUnknown is a bust. Now SHMP has to get through an Iowa winter. Pacific White Leg don’t like the cold. Maybe SHMP will provide each shrimp with a little puffy coat before it goes on the truck for the trip to the live bait shop.
Shrimp has much more than a year. Story has long legs.
Thank you for making my point. SHMP doesn’t have a year…as you clearly point out.
My take:
Shrimp will not be out of business in a year. Complete hogwash.
The preferred was a mess when they did it and it continues to be a mess.
There aren't many authorized shares left assuming they had to reserve 100,000,000 or more for John Fife. John Fife doesn't play nice and any request to ask him to re-allocate some of these shares that are on reserve back to treasury is going to be paid in blood money (i.e. increase principal by 5% or more).
Markets are looking for production. No one cares anymore about tech updates. Markets are saying let's see the shrimp.
Losses may increase this year before it gets better. Operation losses will initially increase. Cap ex hopefully decreases.
If the reverse split does not happen soon and the Roth financing, LOOK FOR A REG A TO BE FILED.
Company is probably under severe cash constraints right now and a short term financing may have to be done. With all the lawsuits against toxic funders by the SEC, Fife is pretty much the only game of toxic funding left.
I do agree with one poster. Talking about expansion in Florida is completely nuts until you at least have one facility producing 5-8,000 pounds a week on a regular basis.
I don't expect 10Q to be filed on time. Extension will be filed in my opinion.
SHMP’s a dime…and almost out of authorized shares. They already filed for a 25:1 R/S…but have to do it again to make it 50:1.
And they’re in default to their latest toxic financier. All predictable. And correctly predicted.
SHMP ain’t rocket science.
SHMPoo. Rinse. Repeat.
After 7 years, (yes, really) it would be a welcome change.
SHMP
Josh will be 100% correct ... AS USUAL!!!
Keep hoping that's all it turns out to be.
No Shrimp! Fires and Shares! Shrimpscam
SHMP doesn’t have 5 years. SHMP doesn’t even have 1 year.
Jesus still no shrimp.Just insurance scam again
Thank you, 12Retyr, for posting the SHMP update out today.
Interesting, but isn't most of what's discussed already known.
I don't see the need for it today (8/9/2022) and the release of
its financials in 6 days (8/15/2022). I just take it at face value.
Here's to SHMP and
future harvests.
GLA here.
SHMP
NEWS-NaturalShrimp Issues Technology Update
August 09, 2022 8:31am EDT
DALLAS, TX, Aug. 09, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the commercially operational RAS (Recirculating Aquaculture System), today issued an update on its patented electrocoagulation (EC) and Hydrogas technologies.
Patented EC and Hydrogas technologies continue to prove themselves not only for the Company’s shrimp production, but also for other species and additional applications. These easily controlled technologies electronically remove ammonia and nitrites, reduce the bacteria load, and improve the overall health of animals within an aquaculture system. The technologies can truly allow a zero liquid discharge system by not requiring water exchanges to remove excessive nitrate buildup when using traditional biofiltration methods.
NaturalShrimp has filed the Patent Cooperation Treaty (PCT) application for international patent protection of the EC technology currently patented in the United States. The Company is also working on a patent that combines the EC and Hydrogas technologies and will continue to submit new patent applications to protect improvements to the technologies gained through practical experience.
The Company has developed a 5-year strategic Research and Development (R&D) plan that establishes priorities, project timelines, and budgets to address continuing improvements. The plan will include the development of a Company R&D facility near one of the production facilities. The R&D facility will test new improved designs, concepts, and emerging technologies on a small scale prior to incorporation at a commercial scale at the production facilities.
“Our proven and patented technologies are a critical part of our growth strategy, and we are highly focused on advancing and protecting this fundamental IP,” said Gerald Easterling, CEO of NaturalShrimp. “Our underlying key technologies will enable advances in production of our shrimp and show significant potential for commercial licensing as an additional revenue stream. Pursuing and obtaining effective intellectual property protection for our EC and Hydrogas technologies will continue to be an important focus as the technologies evolve.
“Looking ahead at our strategic R&D plan, we are working in unison with the scale up of our commercial production. Ensuring that we have modern, flexible R&D space conducive to the development of a healthy pipeline of improvements and innovations in our technologies will be vital to our success,” concluded Easterling.
https://ir.naturalshrimp.com/news-events/press-releases/detail/137/naturalshrimp-issues-technology-update
Saved it for what? SHMP has reported ZERO SALES from LaCosteUnknown even though they been stocking PLs there for OVER ONE YEAR.
You are probably right about the 1 year window.
Let's HOPE everything goes as planned...So far not much has...Seems like they'll have a harvest or be outta biz in less than 12 mos....still CANT believe they gave themselves a friggin BONUS!!! WTF about the share holders!!!!
It's not like the fire was a planned event. It appeared to be lightning related.
I agree they are very ambitious in their expansion. I don't think the midwest facility has to be in full production to generate revenues enough to justify the purchase.
We shall see how this turns out. Right now it is still up in the air.
I think these guys are crazy! They have facilities a partially built facility in LaCoste, which had its second fire, the Midwest facility needs a lot of capital to get into full production, and taking on Florida?
As far as we know, they have one commercial customer on a short term contract.
JMO, they should have got LaCoste operating profitably before taken next steps.
Again, JMO, they bit off more then they chew, with weak management, and it will not end well
Nice to see they saved the shrimp at the La Coste facility. Apparently the county in Florida thinks the funding for NS is going to come through. Another good sign.
Is it 9 Cent Wednesday yet? Shrimpscam
It’s the SHMP way.
And no mention of the R/S in that fluffy PR. SHMP has no funding to operate, repair, and/or expand without the R/S.
Oh…did I mention that SHMP is in default of its latest toxic note?
perfect, expand while there is no proof of concept yet. That way they insiders can get more bonuses, right? LOL
Still kicking that can down the road.
NEWS-NaturalShrimp Issues Updates on Florida Expansion and La Coste Fire
Live bait company
Gee…SHMP’s GROSS income was 5% of Delgado’s projection. I haven’t seen anything published by SHMP that explains how the CFO could be so WRONG. Is it possible he was lying?
William Delgado, Chief Financial Officer of NaturalShrimp, added, “We will be selling various sizes of shrimp to GSI at a price of $10.50 per pound. With this agreement in place, we are projecting sales for the December 2021 quarter of between $300,000 to $500,000. As sales and customers begin to ramp, we expect to be cash flow positive from sales and licensing agreements somewhere between the first and second quarters of calendar 2022.We are eager to enter the commercialization phase of our company and continue to build long-term value for our shareholders.
GSI is a Florida corporation formed in 2013 that specializes in the production, packaging, and distribution of live wild caught shrimp with extensive knowledge and experience in the U.S. live shrimp market.
Under the terms of the agreement, upon successful demonstration of the trial agreement, GSI will potentially commit to a long-term distribution agreement for 2022 production of live shrimp. GSI has developed a proven method of keeping shrimp alive during shipping without the need for adding water to the package. Minimum pricing for shrimp delivered will not be less than $10.50 per pound FOB. GSI will assist in procurement and set up of ancillary materials including necessary equipment and facilities, logistical support, staff training and packaging necessary for shipment of live shrimp. Here is the OUT!
Correct! The only thing for sale here is Shares and more shares. Never an order too big, no back orders.
As I think about what has transpired with this company now going on several years.
Management has not yet delivered value to stock holders. While management has increased there net worth. Looking at it, seems more like a scam with all the fires this company has. Delayed push out dates when something going to happen. JMO but it smells all kind of Shrimpy to me and not like the good shrimpy ether, kind of like the shake weighty kind.
As a note, I hope this stock goes to $5 for all shareholders but if anyone comes to an objective analysis without calling it a scam or waving a stupid Natural Shrimp flag, they will come to the same conclusion I do.
I'll also add that I see a severe cash flow issue coming over the next 12-18 months for the following reasons.
First, I am quite certain that at least initially, the company's losses will increase as they and if they move into production, Capex may decrease but Opex will increase.
If an uplist happens, I see a maximum of $20,000,000 being raised. I get this number by estimating that the market cap will take a haircut to about $60,000,000 and the registration statement can only include 1/3 of the public float. At best, I believe they's raise $20,000,000. By way of agreement, 1/3 of that goes to John Fife.
At the same time, the SEC is suing toxic lenders like Fife so most toxic lenders feel they are dead man walking. That game is coming to an end.
The only way to raise capital is through a BD with a simultaneous registration statement or a Reg A.
However, the Reg A probably can't be filed 2 weeks are the S-1 goes effective and a Reg A typically takes about 60 days to be approved by the SEC.
So with the decreasing ability to raise money through toxic lenders, the limit on any financing that is done through Roth, and the sizable debt that is currently on the books, a major cash crunch may be happening Q3 and Q4 for the current fiscal year. If Fife is not paid off completely which will not happen, highly likely he starts to convert which will put pressure on the stock price.
If I was NS, I would hire a very good lawyer and attempt to get an injunction against Fife and all other Toxic lenders and use the SEC's lawsuits against these guys as a blueprint.
They will have to post a hell of a bond but it may be a smart way to go.
I like that analysis. And it means that SHMP is in more trouble than I thought.
I believe the SHMP management team has a lot of pressure due to the Fife note and the OS issue.
John Fife's entities do not play nicely when they believe they have risk.
I would estimate that the remaining shares are approximately 50,000,000.
I am getting this number by adding the 3/31 balance and adding the 165,000,000 that were reserved at the TA for the Fife transaction.
The Fife transactions typically require an agreement from the TA that those shares will remain on reserve. In order to use some of those shares, SHMP will have to pay blood money to Fife.
I believe Fife was extended to 6/15/2022. It will be interesting if the subsequent events section in the Q which will be out this month reveals if Fife has begun converting. My guess is no. His loan is secured by the Texas and Iowa properties so he is happy to continue to collect 12-15% interest.
Sounds like a live-bait operation to me.
I found the little green building that is supposed to be disturbing shrimp for NS in Florida.
Wonder how they found them. There is no phone number on there FB page. Looks bad!
SHMP is getting ready to sell 3,400 lbs of fresh shares!
Well if that's the case they all died then Right.
Actually, SHMP reported gross sales of $34K over Q4 and Q1. Apparently, those sales all come from Iowa. Taking what SHMP said about their contract with the distributor, that's about 3,400 pounds of shrimp. Pretty sad, particulary because SHMP reported stocking PLs in Texas since April 2021 and didn't sell a single shrimp from there.
And that's GROSS sales.
There will never be any Shrimp For Sale! They have Shares and shares for sale. Shrimpscam
Has anyone seen sales of shrimp from any location. No need for RS if they had sale to show it really works. I feel like I will be down and out very soon after RS.
BWAHAHAHAHA!!!!
I believe SHMP will run out of authorized shares before 2023. SHMP is F'd without that R/S. Oh...and the uplist is just a charade, IMO.
Note the absence of any reference to insurance claims in the PR. I wonder why?
And SHMP has reported ZERO sales of shrimp from Texas? How does that work?
Man I was joking about Investing in shrimp being a better fit!! I hear the CEO originally was a plumber.
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https://upticknewswire.com/interview-ceo-bill-williams-of-naturalshrimp-incorporated-otcqb-shmp-2/
April 4, 2019: NaturalShrimp takes possession of New Water Treatment Systems Toward Full Production:
https://www.globenewswire.com/news-release/2019/04/04/1796949/0/en/NaturalShrimp-Takes-Delivery-of-New-Water-Treatment-Systems-Toward-Full-Production.html
March Event (1): NaturalShrimp will be at "Seafood Expo North America" March 17-19, 2019, the Largest Seafood Expo in North America for Suppliers, Industry Professionals
SHMP management is hitting all of the top industry gatherings in the U.S. to engage the broadest range of those in attendance. https://www.seafoodexpo.com/north-america/
March Event (2): NaturalShrimp will meet industry/business clients at "Aquaculture 2019" March 7-11,2019: https://www.was.org/meeting/code/AQ2019
Also: To see other upcoming Aquaculture or Seafood Events coming in 2019-2020 that NaturalShrimp and/or F&T may be headed, go to: https://thefishsite.com/events
Douwe Iedema, Executive Corporate Chef, NaturalShrimp, Inc. - 2019
TOP CHEFS ARE DROOLING OVER NATURALSHRIMP" - Clientele at Ritz Carlton, Four Seasons Hotels & Resorts!
Tripveel is a trending online Travel and Haute Cuisine e-magazine, a collaborative product partnered with Open Table, Priceline.com and Booking.com.
Tripveel: https://www.tripveel.com/tripveel/natural-shrimp Instagram: https://www.instagram.com/p/BujKAERnby6/ Facebook: https://www.facebook.com/tripveel/
Also served at these Dallas venues: Hyatt Regency, Cowboys Stadium, Celebrity Chef Tour, Green Grocer Dallas: http://naturalshrimp.com/our-shrimp/
NaturalShrimp, Inc. (OTCQB: SHMP) announced today that it completed testing its patented technology to grow shrimp indoors with onsite Shrimp Lot 180.
“The method worked extremely well and maintained the water control parameters within acceptable limits through the grow-out period,” said Bill G. Williams,
Chairman and CEO. With the results and the hard data now recorded, the acquisition of additional new systems will allow NaturalShrimp to facilitate roll-out
and expansion by adding additional harvests to present capability. This new equipment will enable NaturalShrimp to increase operations, while at the same
time providing additional R&D development for continuous innovation. The Company said it anticipates issuing additional news about its partial harvest soon.
The Company said it was cleared to harvest shrimp on February 21, 2019 by the Texas Parks and Wildlife Department (TPWD). The TPWD is a Texas State
Agency. The TPWD also conducted an onsite inspection of the shrimp and the Company’s production facility on February 22, 2019. (Article is linked above)
>>> Paul Knopick email at E&E Communications: pknopick@eandecommunications.com
>>> Office Telephone Number for Paul Knopick at E&E Communications: (940) 262-3584
NaturalShrimp is a global shrimp farming company that has developed a technology to produce fresh, gourmet-grade shrimp reliably and economically in an indoor, re-circulating, saltwater facility. Our eco-friendly, bio-secure design does not rely on ocean water. It recreates the natural ocean environment allowing for high-density production which can be replicated anywhere in the world. |
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