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Phoenix, Arizona--(Newsfile Corp. - May 24, 2021) - The Stock Day Podcast welcomed NaturalShrimp, Inc. (OTCQB: SHMP) ("the Company"), a publicly traded aquaculture Company, headquartered in Dallas with production facilities located near San Antonio, Texas and Webster City, Iowa. CFO of the Company, Bill Delgado, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's background and current projects. "We are really similar to a biotechnology company; we have developed a process to grow aquatic species, primarily shrimp but we're moving into other areas to help with the growing and disease remediation," said Delgado. "We are basically a biotechnology company that has figured out a way to grow seafood indoors."
"Could you elaborate on your acquisition of F&T Water Solutions?", asked Jolly. "F&T was a very critical piece of our overall intellectual property," said Delgado. "We've been working with F&T since 2014. We originally have a joint patent with them on the system and we've done several developments over the last few years," he continued. "The basis of it was that we owned 100% of the patent as it related to shrimp and we owned 50% of it as it related to the other aquatic species," said Delgado. "We felt it was extremely necessary that we consolidate that because we believe that the company is going to have two major lines of business; we're going to have the production side, where we have the shrimp, and then the licensing side."
"What is the RAS System and why is it so important to your company?", asked Jolly. "RAS stands for 'recirculating aquaculture systems' and that is what we have been working on since the company started in 2001," said Delgado, adding that the Company's RAS system allows them to grow shrimp at a commercial capacity. "As we continue to reduce the costs of the operations, we're seeing an increase in the cost for shrimp. So, we really have a perfect storm brewing here."
"How do you plan on raising expansion capital going forward?", asked Jolly. "We are very fortunate in that we have a very strong retail base of shareholders, which has helped the company get through a lot of those tougher times," said Delgado. "We have a good partner in GHS Capital, who we just raised $15 million with through our S3," he continued. "But we also have an investment banker, who I unfortunately cannot name right now," shared Delgado. "They're a pretty large player and one of their niches is going to be the aquaculture space. We also have a couple of other investment banks lined up as partners with it."
"When you have a technology like ours, it is so disruptive that it takes time to get out there," continued Delgado. "Every step we take is a step towards that goal and we're almost at the doorstep now."
"Could you explain your acquisition strategy going forward?", asked Jolly. "We have kind of a two-step process," said Delgado, adding that this includes technology and licensing. "We've already made an announcement that we're going to be acquiring a majority in Hydrenesis, which is another very important technology," he explained. "It is also going to be more applicable to that licensing side."
To close the interview, Delgado thanked shareholders for their continued support and encouraged listeners to keep up-to-date on the Company's upcoming announcements and projects.
To hear Bill Delgado's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7872786-naturalshrimp-inc-discusses-its-acquisition-and-capital-expansion-strategies-with-the-stock-day
ABOUT NATURALSHRIMP: NaturalShrimp, Inc. is a publicly traded aquaculture Company, headquartered in Dallas with production facilities located near San Antonio, Texas and Webster City, Iowa. 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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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84975