BUCHAREST, Romania, March 15, 2017 /PRNewswire/ -- AgriEuro Corp. (EURI) today announced that it has finished preparing 2 growing ponds for its fish farm project.
The ponds are fully equipped with pumping stations and will receive "cycle 2" fish. These are medium sized fish that only require a short period of time to attain maturity.
AgriEuro estimates that the product will reach fish markets within 12 months following population.
The company will follow all regulations required to raise fish that can be labeled Organic.
The Danube Carp will be the main species farmed on the property as it is a local fish which will easily thrive in the environment on offer. It also happens to be a type of fish that grows relatively quickly.
"We are looking to implement only natural methods of growing fish product making the process as nature-friendly as possible and at the same time increasing our chances of becoming the first ecological fish farm in Romania." said Mr. Radu Cosmin Monda, CEO of AgriEuro Corp.
"As the fish farm will require substantial funding, we are working on increasing our reed harvests through the acquisition of specialized equipment and we plan to reinvest the additional profits generated back into our aquaculture venture."
According to Grand View Research, aquaculture will reach over 200 billion dollars per year in 2020 and now far outweighs production from natural sources such as oceans and lakes. For instance, more than 90% of current shrimp consumption in America is from farmed and imported sources.
Fish consumption is growing at a faster pace than beef, pork and poultry, driven by an expanding, increasingly prosperous global population that recognizes the health benefits of eating seafood. Demand is forecast by the United Nations to outstrip supply in coming years.
"We are committed towards developing multiple streams of revenue in different sectors for AgriEuro with a view towards sustained, long term growth." added Mr Monda. "Maximizing the value of our current 4200 acre property is our key focus and we will continue to update shareholders as developments occur."
About AgriEuro Corp
AgriEuro Corp operates in the agricultural, aquaculture and tourism industry in Europe. The company's flagship property is located at the junction of the Danube delta and the Black Sea and encompasses a variety of currently revenue-producing and soon-to-be producing businesses. It spans over 4,200 acres on a Unesco World Heritage site. Investors can visit the company's website at www.AgriEuroCorp.com
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by AgriEuro Corp may not proceed as contemplated, and by all other matters and assumptions specified in AgriEuro's filings with the Securities and Exchange Commission, especially those risks and other matters described under "Risk Factors" within AgriEuro's Form 10-Q filed with the Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. AgriEuro does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.
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