NaturalShrimp, Inc. Discusses Upcoming Commercialization Strategy with The Stock Day Podcast
Phoenix, Arizona–(Newsfile Corp. – September 10, 2020) – The Stock Day Podcast welcomed NaturalShrimp, Inc. (OTCQB: SHMP), a publicly traded aqua-tech Company, headquartered in Dallas, with production facilities located near San Antonio, Texas. President and Founder of the Company, Gerald Easterling, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about Easterling’s background. Easterling explained that he founded NaturalShrimp, Inc. in 2001 with Dr. Bill Williams. “He and I had actually founded some additional companies before, so we’ve been partners for over 32 years,” shared Easterling, adding that the Company was founded on the potential of commercializing indoor-grown shrimp.
“What’s the game plan for the next two to four quarters?” asked Jolly. Easterling shared that the Company has experienced numerous challenges over the past 18 months, including the loss of Dr. Bill Williams. “We also had a facility that burnt down,” added Easterling. However, he then explained that the Company was able to move forward despite these challenges and begin the construction of a new facility. “We should be back in full production by late October or early November,” said Easterling, adding that the new facility will be larger than the previous facility and offer state-of-the-art technology. “We’re using all of our new technology and all of the new ideas we have to grow the shrimp faster and better.”
Jolly then asked about the Company’s timeline for commercializing shrimp. “We expect to have the first shrimp probably stocking in the first roll out tank by late October or early November.”
The conversation then turned to the possibility of licensing the Company’s technology to other businesses. “We actually have a letter of intent in place, which we’ve made public, to acquire the facility in Webster City, Iowa,” said Easterling, before elaborating on the size and available equipment of the facility. “We’re in the process of closing that out hopefully by late October,” said Easterling. “That facility will operate with about 50 people,” he added. “There’s a tremendous amount of assets we’re getting in this purchase, but more than that we’ve got a lot of key people that are high-quality, and then on top of that, we’ve got a facility that we can retrofit into our technology pretty easily.”
“Why do you think NaturalShrimp, Inc. can disrupt the shrimp industry?” asked Jolly. “Our technology. What we have patented is absolutely phenomenal,” said Easterling, noting that testing for the technology has proven successful. Easterling then shared that the Company is also planning to acquire F&T Water Solutions LLC, and will also be uplisting to the NASDAQ. “We’re also looking at two different joint ventures, one in Florida and one in California. They are both well on their way,” continued Easterling.
To close the interview, Easterling expressed his confidence in the Company’s potential as they continue to face challenges and move forward. “Everyone understands that with this technology, if we are anywhere near where we think we are it will change the world.”
To hear Gerald Easterling’s entire interview, follow the link to the podcast here: https://audioboom.com/
ABOUT NATURALSHRIMP: NaturalShrimp, Inc. is a publicly traded aqua-tech Company, headquartered in Dallas, with production facilities located near San Antonio, Texas. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp.
This press release contains “forward-looking statements.” The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control and could cause the Company’s results to differ materially from those described. In some cases, forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements include statements regarding moving forward with executing the Company’s global growth strategy.
The statements are based upon current beliefs, expectations, and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business.
Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include but are not limited to the Risk Factors and other information set forth in the Company’s Annual Report on Form 10-K filed on March 30, 2015, and in our other filings with the U.S. Securities and Exchange Commission.
Contact: Paul Knopick
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