Global Seafood conducts its operations through its wholly owned subsidiaries, Custom Pack, Inc., Aquaculture Corporation of America and Killer Bee, Inc.
Killer bee says this http://www.killerbeebait.com/store-locator/; Killer Bee Bait is available in hundreds of stores across the South Eastern portion of the United States. View the map below to see how many stores we are located in per state. If you have any questions or concerns, please feel free to contact us.
The Company has identified 2,435,401 shares of its common stock that are held by The Depository Trust company on behalf of banks and brokers, which shares are not listed on the Company's shareholder records and do not represent duly issued and outstanding shares of the Company's common stock. In a related matter, the Company has been in litigation to try to recover 1,700,000 common shares, which are believed to be part of the 2,435,401 shares that have been identified. On January 10, 2003 that litigation was decided in the Company's favor by the Supreme Court of the State of New York. The Company is now proceeding to recover those shares, although only 1,344,000 shares have been specifically located.
Although no litigation is pending in relation to the remainder of these shares, it is possible that the Company may have to honor from between 735,401 and 1,091,401 shares of its common stock in the future. The shares have not been recorded by the Company at March 31, 2003 since the ultimate outcome is currently not estimable.
The Company has recognized 203,400 shares that were previously noted as a contingency and were not recorded by the Company as outstanding shares as of March 31, 2001. These shares, which had been issued for no consideration in 1999, are being reported as issued and outstanding as of March 31, 2003 and 2002.