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those are some big shrimps, looking great !
With news like this from Wednesday, you bet it'll reverse. GRPS will prevail !
Gold River Productions Services, Inc. Provides Further Revenue Guidance for Calendar Years 2023 and 2024
Press Release | 10/12/2022
Company Reiterates it Expects to be the Second Largest Land-Based Producer of Shrimp in the United States in 2023
DALLAS, TX / ACCESSWIRE / October 12, 2022 // Gold River Productions Services, Inc. (OTC Pink:GRPS) ("GRPS") (http://www.transamaqua.com ) (D/B/A Trans American Aquaculture) announced today further clarification of its previously announced revenue guidance for calendar years 2023 and 2024.
Trans American Aquaculture, which recently went public through a reverse merger transaction with Gold River Productions Services, Inc. is now seeing trends due to an increasing demand for its broodstock and PL's from major aquaculture players including companies in Africa, Central America, Asia, and companies throughout North America. There are 4 main reasons for these trends and the positive outlook for Trans American's business prospects moving forward.
The need for specific genetic lines in the aquaculture industry due to the amount of farm based and indoor recirculating aquaculture systems (RAS) that are being developed throughout the world.
The desire for broodstock and PL's that are developed in the United States due to the strict guidelines of the USDA (United States Department of Agriculture) and the quality of local ingredients used in cultivation.
A virus outbreak of infectious hypodermal and hematopoietic necrosis virus (IHHNV) in 2019 which essentially shut down North America's major supplier of post larvae (PL) shrimp which opened significant opportunities for companies such as Trans American Aquaculture to gain significant market share.
Our superior genetics which produce superior broodstock and superior PL's which have industry leading growth rates, disease resistance, low mortality, and other desirable characteristics such as cold-water tolerance.
On September 26, 2022, and in the questions and answer session as part of the company's conference call, the company provided revenue guidance of approximately $7 million for 2023 and $14 million for 2024. This guidance was confirmed when the company published the complete transcript of the call on September 29, 2022.
As a result of the anticipation that PL and broodstock sales can accelerate, the company believes, albeit with cautious guidance, that it can potentially significantly exceed the guidance of approximately $7 million for 2023 and approximately $14 million for 2024.
For example, the company is working on one single broodstock order for 5,000 broodstock pairs (5,000 males and 5,000 females). This single order from one player in a large country can amount to $650,000.00 or more in sales, with the expectation that many first-time sales will be reoccurring. Previous guidance was based solely on the cultivation and sale of shrimp for human consumption, while broodstock and PL sales will continue to be an ever-increasing portion of Trans American's projected revenue, due to the genetically superior lines. The recent order from Kentucky State University confirms what academia and commercial growers think about our products and our genetics.
Adam Thomas, Chairman and Chief Executive Officer of Trans American Aquaculture commented, "It is important that the conservative nature of our company kicks in. We feel very comfortable about our previous guidance. Although it is difficult to estimate broodstock and PL sales because they are coming in from many countries and multiple continents, we are confident that we can exceed previous guidance based on the trends we are seeing from the marketplace. There is a strong demand for our shrimp and our genetics."
About Trans American Aquaculture
Trans American Aquaculture produces premium quality, farm-raised white shrimp, 100% free of antibiotics and hormones, and cultivated using safe and sustainable practices.
Using decades of experience in the shrimp aquaculture industry, our products are grown with our superior technology and our proprietary genetics which results in a superior fresh product always grown in the United States. For more information, please visit http://www.transamaqua.co
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate.
Contact:
For inquiries:
Email: adamt@transamaqua.com
SOURCE: Gold River Productions Services, Inc.
View source version on accesswire.com:
https://www.accesswire.com/720048/Gold-River-Productions-Services-Inc-Provides-Further-Revenue-Guidance-for-Calendar-Years-2023-and-2024
Great post as always and the back story to the news. Man it really does sound like we're on the ground floor of a well managed, leading edge company. AWESOME !!
Great story, thanks for sharing Iggy-B.
Dig it, that's cool.
New company tweet:
Trans American Aquaculture
@TransAmAqua
·
37m
Industry specific publications have publicized our going public transaction. Builds our worldwide profile as a superior PL and broodstock supplier with proprietary genetics $GRPS
hatcheryfm.com
Gold River Production acquires 100% stake of US shrimp genetics supplier
Trans American Aquaculture has developed a cold-tolerant line of Pacific white shrimp for both marine-based and RAS systems operating
A valuable lesson from the pros, we needed that, thanks.
You did an awesome job ChannelTrader, what a great improvement !!
Go $GRPS
We've got an Awesome management team. Vision, knowledge, experience and grit
I know it's gonna be for me, for sure. Blue skies ahead !!
Go $grps
Can you imagine GRPS having a large part of this project?
https://www.geosynthetica.com/mega-fish-farm-egypt-geosynthetics/
or this one??
https://evergreenegy.com/projects
All aboard the GRPS train to the front line...
They can easily expand their own 1800 acres as needed to construct more ponds if needed. Look at all that vacant land around their farm!
Go $GRPS
GRPS
GOLD RIV PRODUCTIONS INC DEL COM
$0.0084+0.0008 (+10.53%)
Bid x Size
$0.0082 x 110,000
Ask x Size
$0.0091 x 64,946
Real Time Equity Quote: Oct 6, 2022, 10:10 AM ETinfo_outline
Advanced chart
Open
$0.0084
Previous Close
$0.0076
Volume
2,488,098
Average Volume (10 days)
4,898,140
Market Capinfo_outline
$9.5M
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0.0079
0.0092
52 Week Range
0.0014
07/08/2022
0.0132
10/07/2021
Thanks, good day sir :)
that's a good one, funny costume. I may get one for the grandkids.
Doesn't sound like a penny stock for much longer does it, eh?
Here is that tweet link again, I couldn't get yours to load...
We are now Current at OTC Markets. As we discussed on last weeks press release, an uplist is part of our plan. $GRPS
— Trans American Aquaculture (@TransAmAqua) October 6, 2022
holy chit. Batman. I'm buying a few more today in that case, gotta top up my tank again.
Do you think this company might be the big player in Egypt that we've got an order from in the 4th qtr?
https://www.geosynthetica.com/mega-fish-farm-egypt-geosynthetics/
You're right, those computer algorithms they use.
grps headed up for sure
Gotta love it!
I didn't know that we're already in Tokyo. Very cool.
https://www.instagram.com/p/B1fUNy5pRDv/
Prayers for the people affected by Hurricane Ian in Florida and especially our aquaculture colleagues. We are here to help. $GRPS
— Trans American Aquaculture (@TransAmAqua) October 4, 2022
You need to sticky this post, nice job.
This is gonna be huge! 7000 acres!
I agree 100% This is really getting exciting now, all here have some great future ahead!!
Thanks for the link, great news coming again!
Go $GRPS
Thanks for the heads up earlier, great news!
Trans American Aquaculture
@TransAmAqua
·
3h
We have sent a pro forma invoice to a large aquaculture player in Egypt. This in addition to our opportunity in Algeria. $GRPS
GRPS could look into helping American Penaeid API get on their feet again with a partial ownership deal or similar. They've gotten a trained workforce and labs already.
Awesome..like somelbody gave us a whole handful of fortune cookies and they all said "grps golden shrimp in your future"
Hoping so, we've been here several years waiting for this setup. This I believe will be the winner!
Go $grps
Good question. That sister company only had what looked like awnings over their tanks. I feel bad for the people working there if their facility looks like the rest of Sanibel/Captiva and Pine Islands.
For sure, may increase orders for our broodstock also, as their sister company in same location raises those too.
I just noticed that one of our competitors , SunShrimp, located in Florida on Pine Island right next to Fort Myers might've taken a direct hit from Ian. Those barrier islands really got slammed.
Repost of the Facebook page for our new investors.
https://www.facebook.com/profile.php?id=100063702662040
Very informative Roofus, thanks for the figures. I'd say you are a business pro. Nice job.
Roger that, GLTA
Go $GRPS
I think the company is staying up with the postings on this board, what do you think?
awesome buy, bargain price
$GRPS