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Obviously the acquisition of the BAJA farms represent a major move forward for the
company. UMAM used approximately $31 million dollars of available credit to
secure acquisitions and development of new fishing areas worldwide. UMAM is now
poised to become the premier sustainable tuna producer in the world!
In announcing the additional facilities, Oli Steindorsson, Chairman of The Company
stated: “I am pleased to see the confidence being shown in us through the availability
of a variety of additional credit facilities which are being provided on attractive terms.
We are in the process of accumulating funds that can be utilized both to finance the
on-growing of inventory, following record catches this year, and completion of
our Baja acquisition, which will result in UMAMI becoming the world’s leading
producer of bluefin tuna.”
This purchase is only half the story where UMAM is concerned. In addition to their
leading prominence as a NBT producer, they also have one of the healthiest balance
sheets of any commercial fishing operation:
FINANCIAL DATA:
company. UMAM used approximately $31 million dollars of available credit to
secure acquisitions and development of new fishing areas worldwide. UMAM is now
poised to become the premier sustainable tuna producer in the world!
In announcing the additional facilities, Oli Steindorsson, Chairman of The Company
stated: “I am pleased to see the confidence being shown in us through the availability
of a variety of additional credit facilities which are being provided on attractive terms.
We are in the process of accumulating funds that can be utilized both to finance the
on-growing of inventory, following record catches this year, and completion of
our Baja acquisition, which will result in UMAMI becoming the world’s leading
producer of bluefin tuna.”
This purchase is only half the story where UMAM is concerned. In addition to their
leading prominence as a NBT producer, they also have one of the healthiest balance
sheets of any commercial fishing operation:
FINANCIAL DATA:
Every once in a while opportunity meets preparedness. When it does, great things
can happen. That's the case with our latest Pink Sheet Pick, UMAMI Sustainable
Seafood, OTCBB: (UMAM)
UMAMI Sustainable Seafood Inc., is a holding company of fish farms, supplying
sashimi grade bluefin tuna to the global market. UMAMI seeks to produce and
distribute healthy seafood of unrivaled quality, satisfying the world’s growing protein
need in an economical, efficient and environmentally friendly manner. The Company
has become one of the leaders in the worldwide Northern bluefin tuna industry by
acquisition and internal growth. The Company owns and operates Kali Tuna, which
is an established Croatian-based aquaculture operation raising Northern bluefin tuna
in the Croatian part of the Adriatic Sea. UMAMI also owns Baja Aqua farms, an
established Mexican aquaculture operation. This deal was just completed
Friday 12/03/10! From their press release: (CLICK HERE to view)
can happen. That's the case with our latest Pink Sheet Pick, UMAMI Sustainable
Seafood, OTCBB: (UMAM)
UMAMI Sustainable Seafood Inc., is a holding company of fish farms, supplying
sashimi grade bluefin tuna to the global market. UMAMI seeks to produce and
distribute healthy seafood of unrivaled quality, satisfying the world’s growing protein
need in an economical, efficient and environmentally friendly manner. The Company
has become one of the leaders in the worldwide Northern bluefin tuna industry by
acquisition and internal growth. The Company owns and operates Kali Tuna, which
is an established Croatian-based aquaculture operation raising Northern bluefin tuna
in the Croatian part of the Adriatic Sea. UMAMI also owns Baja Aqua farms, an
established Mexican aquaculture operation. This deal was just completed
Friday 12/03/10! From their press release: (CLICK HERE to view)
PennyChase Presents:
UMAMI SUSTAINABLE
SEAFOOD, Inc.
OTCBB: UMAM
UMAMI SUSTAINABLE
SEAFOOD, Inc.
OTCBB: UMAM
Take a look at the UMAM chart to see how good a stock buy this really is:
UMAMI Sustainable
Farming off Croatia
(Kali property)
Farming off Croatia
(Kali property)
UMAMI is recognized as the undisputed leader in Sustainable fishing for the Bluefin
Tuna industry. This stock is a sure winner because of its dedication to sustainable
resourcing and its incredibly healthy balance sheet:
Tuna industry. This stock is a sure winner because of its dedication to sustainable
resourcing and its incredibly healthy balance sheet:
UMAMI Sustainable
Seafood Inc.
OTCBB: (UMAM)
Seafood Inc.
OTCBB: (UMAM)
As you can tell, this stock has a healthy set of financials and is operating in the
black! That combined with a proven 15 year history of success and their
positioning as a global market leader makes this a rare opportunity for investors.
black! That combined with a proven 15 year history of success and their
positioning as a global market leader makes this a rare opportunity for investors.
| UMAM Highlights: • Sales in excess of $25 million USD • Positive earning statements for 2010 • ROE, Return on Equity of over 5% • Holds over 20% market share in Northern Bluefin Tuna • Controls largest sustainable NBT fisheries in the world (Kali & Baja) • Top exporter of NBT to Japan, accounting for 80% of world demand • UMAMI tuna is regarded by many as the highest quality NBT in the world • 15+ years in operation |
For more info on: UMAMI SUSTAINABLE SEAFOOD OTCBB: UMAM UMAM Website: www.umamiseafood.com UMAM Chart: moneycentral.msn.com/umam Company Directors: UMAM Management team Sustainable fishing: News Results Tuna Consumption data: HealtyTuna.com |
UMAMI Sustainable Seafood Buys Baja Aqua Farms- 12/03/2010
Chairman stated; "This is a milestone achievement for our Company. Combining Baja with our existing Croatian operations positions UMAMI as one of the worlds' leading producers of bluefin tuna. We are confident that owning a leading production platform adjacent to one of the world's key markets for premium tuna will facilitate greater access to that marketplace as well as strengthening our company's global reach. In addition to doubling our annual production of Northern bluefin tuna, the completed acquisition of Baja Aqua Farms should increase our global market share of this premium food to over 20%. The corporate synergies and expected operating efficiencies from the merger with respect to marketing and distribution should help create cost savings and improved operating margins." |
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange
Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will"
or "should", "expected", "anticipates", "draft", "eventually" or "projected". You are cautioned That such statements are subject to a multitude of risks and uncertainties That
could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks That actual results may differ
materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies= annual report on Form 10-K or 10-KSB
and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and PennyChase undertakes
no obligation to update such statements. PennyChase is occasionally compensated for coverage. When this is the case, we indicate clearly with a disclosure of all
compensation received in the past and present. PennyChase has been compensated one thousand dollars for a one time umam promotion. Additionally we also disclose any
anticipated compensation in the future. Compensation is typically in cash. Sometimes a third party shareholder pays us in free trading shares. Sometimes a company pays us
in restricted shares. Pennychase is not a registered investment adviser or a broker/dealer. PennChase makes no recommendation That the purchase of securities of companies
profiled in this web site is suitable or advisable for any person, or investment.
Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will"
or "should", "expected", "anticipates", "draft", "eventually" or "projected". You are cautioned That such statements are subject to a multitude of risks and uncertainties That
could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks That actual results may differ
materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies= annual report on Form 10-K or 10-KSB
and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and PennyChase undertakes
no obligation to update such statements. PennyChase is occasionally compensated for coverage. When this is the case, we indicate clearly with a disclosure of all
compensation received in the past and present. PennyChase has been compensated one thousand dollars for a one time umam promotion. Additionally we also disclose any
anticipated compensation in the future. Compensation is typically in cash. Sometimes a third party shareholder pays us in free trading shares. Sometimes a company pays us
in restricted shares. Pennychase is not a registered investment adviser or a broker/dealer. PennChase makes no recommendation That the purchase of securities of companies
profiled in this web site is suitable or advisable for any person, or investment.