PHOENIX, AZ / ACCESSWIRE / November 19, 2018 / NaturalShrimp, Inc. (OTCQB: SHMP), is a publicly traded agro-technology Company headquartered in Dallas, Texas. The Company has developed the first commercially viable system for growing shrimp indoors using patented technology that produce fresh, never-frozen, naturally grown shrimp without the use of antibiotics or toxic chemicals. Their CEO, Chairman, and Co-founder, Bill Williams, joined Stock Day's Marcus Heatherly.
"We started in 2001 developing this technology," began Mr. Williams. "It's a seafood technology. We put quite a bit of money, time, end effort, and most of that has been research and development. Over the past three years we have developed a system that can grow shrimp in closed salt water systems, you can put them anywhere in the world. As far as we know, we are the only Company in the world that can grow shrimp in a closed salt water system."
Mr. Williams said they had to develop a system to grow the shrimp on a consistent basis for proper marketing. Heatherly said NaturalShrimp is an agro-technology Company and asked Mr. Williams to go into more detail about the technology they have developed.
"There have been numerous companies and individuals that have tried to develop an enclosed, recirculating, salt water system," explained NaturalShrimp's CEO. "But you have to be able to grow shrimp consistently if you are going to really get into the marketplace, because you have to be able to give them the shrimp when they need them. We crossed that bridge about three years ago. We have developed technology that allows us to do that. We grow shrimp with almost no mortality and it's really quite incredible."
Mr. Williams says their system is patented and they are waiting for the final issuance of the patent. Heatherly then asked if they are planning to monetize the actual technology. Mr. Williams says they are going to start full production in the first quarter of 2019.
"We have several areas we are targeting for our initial marketing approaches. New York City, Las Vegas, Los Angeles, we'll use those as regional centers and we can put this system in warehouse space, we can put the system anywhere, which is the reason why everyone has been trying to develop a system like this. You don't have to be near the water to do it."
Heatherly noted there is a market for shrimp just about everywhere and asked about the long-term potential of the technology. Mr. Williams says NaturalShrimp will set up multiple facilities.
"This technology that we have developed over time is really like the development of cell phone or computer technology," explained Mr. Williams. "It will literally change the nature of the seafood business. You won't have to get your shrimp from the oceans, you can get it wherever you are. It will be fresh all of the time and it really will be quite a technology change."
Mr. Williams said the market for shrimp in the U.S. alone is billions of pounds a year. He says they will sell the high-quality shrimp per pound at around $14 or $15.
"Our shrimp is so good that the high-end restaurants refer to it as sushi grade. It's the absolute most succulent you can get. It's the best you can get," says Mr. Williams.
For more with Bill Williams, listen to the entire Stock Day Podcast interview here: https://upticknewswire.com/interview-ceo-bill-williams-of-naturalshrimp-incorporated-otcqb-shmp/
About NaturalShrimp, Inc.
NaturalShrimp, Inc. (SHMP) is a publicly traded agro-technology company headquartered in Dallas, Texas with production facilities located near San Antonio in LaCoste, Texas. The Company has developed the first commercially viable system for growing shrimp indoors using patented technology that produce fresh, never-frozen, naturally grown shrimp without the use of antibiotics or toxic chemicals. NaturalShrimp systems are self-contained, saltwater production facilities that can be located anywhere in the world to produce gourmet-grade Pacific White Shrimp.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.
Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company's most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law
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