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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Invest Newswire"<investnewswire@utarget.sparklist.com<@ENRON <IMCEANOTES-+22Invest+20Newswire+22+3Cinvestnewswire+40utarget+2Esparklist+2Ecom+3E+40ENRON@ENRON.com< X-To: investnewswire <investnewswire@utarget.sparklist.com< X-cc: X-bcc: X-Folder: \Lewis, Andrew H.\Lewis, Andrew H.\Deleted Items X-Origin: LEWIS-A X-FileName: Lewis, Andrew H..pst ************************************************* Company: Global Seafood Technologies Inc. Symbol: OTCBB : GSFT Web: http://www.globalsea.com Contact: Clay Gutierrez Email: ccsbcg@globalsea.com Phone: 1-228-435-3632 Prev. Close: $1.85 ************************************************* GLOBAL SEAFOOD TECHNOLOGIES INC. ENTERS INTO A PARTNERSHIP AGREEMENT TO SIGNIFICANTLY EXPAND FRESHWATER SHRIMP PRODUCTION FACILITIES BILOXI, Miss. -- Aquaculture Corporation of America (ACA), a subsidiary of GLOBAL SEAFOOD TECHNOLOGIES INC. (OTC Bulletin Board: GSFT) has entered into a joint venture agreement with Controlled Environment Aquaculture, LLC (CEA) to significantly expand the Company's indoor aquaculture facilities for raising freshwater shrimp, Clay Gutierrez, vice president of Global Seafood Technologies Inc., announced today. COMPANY HIGHLIGHTS *** GSFT currently has the largest freshwater shrimp hatchery in the United States capable of producing up to 10 million juvenile shrimp per month. *** GSFT successfully grew their first commercial crop of giant freshwater shrimp in FY 2000. *** Each new indoor facility is expected to produce up to 28,000 pounds of shrimp annually, which is equivalent to $70,000 in wholesale revenues, for ACA. Aquaculture is the fastest growing segment of the agriculture industry and currently provides 25 percent of the world's seafood. These new indoor facilities will add to ACA's international shrimp farming output and will also provide the Company with four grow-out seasons as opposed to the one or two seasons we are currently limited to with their outdoor farms. With these new facilities in place, GSFT is better positioned to significantly expand their revenues and profitability during 2001. GLOBAL SEAFOOD TECHNOLOGIES IS ONE OF THE LARGEST INDIVIDUAL QUICK FREEZE (IQF) SHRIMP PROCESSORS IN THE UNITED STATES. Its subsidiary, Custom Pack, processes and packages shrimp for many of the nation's largest seafood chains and grocery outlets. The company's Killer Bee Bait subsidiary markets frozen recreational fishing bait. In addition, Global Seafood is expanding its aquaculture activities with freshwater shrimp production. Visit, www.globalsea.com for more information on Global Seafood. For investor relations information call 813-908-8536. For information concerning this release, contact Clay Gutierrez, 228-435-3632. ************************************************* Company: Global Seafood Technologies Inc. Symbol: OTCBB : GSFT Web: http://www.globalsea.com Contact: Clay Gutierrez Email: ccsbcg@globalsea.com Phone: 1-228-435-3632 Prev. Close: $1.85 ************************************************* This press release contains certain forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's current expectations of beliefs and are subject to a number of factors and uncertainties that could cause actual results, levels of activity, performance or achievements to differ materially from those described. DISCLAIMER: InvestNewswire was paid a total of one thousand dollars USD for distribution of this email. The words contained within this email are those of Global Seafood Technologies Inc. and not InvestNewswire. InvestNewswire and its employees and officers do not own stock in Global Seafood Technologies Inc. This notice shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Please check with your broker or with the company to determine whether these securities may be purchased or sold in your state of residence prior to effecting a transaction. --- You are currently subscribed to investnewswire as: alewis@ect.enron.com To unsubscribe send a blank email to leave-investnewswire-36864D@utarget.sparklist.com
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