Australian Partner to Finalize Joint Venture Contract in Europe
Symbol: TQWI
LAS VEGAS, NV, Mar 01, 2007 (MARKET WIRE via COMTEX) -- Tailor AquaPonics Worldwide, Inc. (PINKSHEETS: TQWD) announced today that Tailor Made's Managing Director Mr. Nick Arena will depart for Europe in mid-March to finalize arrangements for the construction of a Barramundi production facility that will be capable of producing 100 tons (220,000 lbs.) of fish annually. As a complement to fish production, a hydroponics facility is also planned onsite in order to maximize water usage -- a replication of the Tailor Made model.
Mr. Arena commented, "We have been in detailed discussions with the European group since November 2006, and a full costing and viability study has been completed to ensure the feasibility of growing a warm water species such as Barramundi (sea bass) in a colder climate."
The yet named European group is a forward thinking organization involved in various restaurant and catering businesses in the region. Their hope is to secure a local, reliable fresh fish supply to support their company. This group spent much of 2006 searching the globe for a suitable business, one with "hands-on" experience in commercial, land-based fish (Barramundi) production. Their search led them to Tailor Made Fish Farms.
After many meetings and discussions, Tailor Made believes that it has garnered the necessary confidence and trust from the group to finalize a formal contract.
About Tailor AquaPonics Worldwide:
Tailor AquaPonics Worldwide, Inc. owns a controlling interest in the international growth and development rights to Tailor Made Fish Farms, an Australian-based company that has developed a technology-driven, land- based, modular fish production system. The Company's cutting-edge system is both fully sustainable and environmentally responsible, thus enabling Tailor to maintain an ecologically safe and friendly environment while producing large volumes of significantly more healthy (than conventional methods) farmed fish. The Tailor system is capable of producing premium fish and vegetables -- via built-in hydroponics -- year round; Results achieved through compact, controlled production areas that utilize significantly less water than conventional fish farming methods.
Yeah right Peter. Shakerzzz made up a PR and distributed it through the Marketwire. Whatever!?
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