NaturalShrimp Inc (SHMP)

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NEWS>>Natural Shrimp, Inc. Announces New Markets for Sale of Shrimp

https://ir.naturalshrimp.com/news-events/press-releases/detail/161/natural-shrimp-inc-announces-new-markets-for-sale-of

The Company Increases Production to support Market Expansion

DALLAS, May 1, 2024 /PRNewswire/ -- Natural Shrimp, Incorporated. (OTCQB: SHMP) (the "Company" or "NSI"), a Biotechnology Aquaculture Company that has developed and patented the first seafood-focused commercially operational RAS (Recirculating Aquaculture System), today announced that, as a result of significantly increased production at its Webster City facility, the Company is in the process of identifying, contacting and securing new commercial outlets for the sale of the Company's sushi grade shrimp.

As the Company has previously reported, Natural Shrimp has already penetrated the Chicago market and has established several repeat and reliable customers. What the Company has not reported is that the Company has been approached by these customers wanting to establish local distribution centers and to act on the Company's behalf to service other local markets, restaurants and end-users in the Chicago area.

With the Company's increased production, Brian Rashid, the Company's sales manager, has extended his sales territories to cover new and different commercial markets in the upper Midwest to familiarize these potential new customers with the superior qualities and characteristics of Natural Shrimp's premium grade shrimp. Mr. Rashid has met with and secured purchases from Asian markets in Minneapolis and Kansas City and has made deliveries to groups in Tulsa. When Mr. Rashid was asked about the success he had encountered in these new markets, Mr. Rashid stated: "I am lucky to have a product that, once presented and tasted, sells itself. Since most new customers with whom I have met are unfamiliar with Natural Shrimp or its products, the process initially involves educating the potential customers in the manner and method of preserving, packaging and sales."

Mr. Rashid continues "We continue to target Asian markets that are more experienced in the sale of live seafood and whose customers trust they will provide then with the best quality. As Natural Shrimp continues to gain traction and brand recognition in the marketplace, we expect to able to expand our footprint and serve a more generalized audience in the near future." In this respect, the Company is currently in negotiations with other regional markets with the specific intention of expanding this footprint.