LA COSTE, Texas — NaturalShrimp Incorporated (OTCQB: SHMP) reports that it will begin expanding its current indoor shrimp production system to launch commercial shrimp sales in August of this year. Wholesale prices for the shrimp produced by the company will be between $9.00 to $10.00 per pound F.O.B.
"Over the past few years NaturalShrimp has grown its research, development and understanding for indoor shrimp production well beyond even our own expectations", said NaturalShrimp President Gerald Easterling. "Combining new water technology with our experience in growing shrimp has brought us to another positive milestone for the company. We look forward to expanding our operations beginning in the third quarter of this year."
About NaturalShrimp Incorporated (OTCQB: SHMP)
NaturalShrimp is a publically traded Agro-Tech company located near San Antonio, in La Coste Texas. NaturalShrimp has developed and tested the first commercially-viable system for growing shrimp indoors and is expanding current operations. This system uses a proprietary technology to reliably produce healthy, naturally-grown shrimp weekly without the use of antibiotics or toxic chemicals. www.naturalshrimp.com
FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the holding industry; the positioning of NaturalShrimp Holdings, Inc. in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether NaturalShrimp Inc. can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
Source: NaturalShrimp Incorporated
