Gold River Productions, Inc. (D/B/A Trans American Aquaculture) Announces Major Broodstock Export Order to Honduras

Rhea-AI Summary

Gold River Productions, Inc. (OTC PINK:GRPS) announced a significant broodstock purchase order from Union De Fincas Camaroneras (UNIFINCA S.A.) in Honduras, amounting to six figures. This order is a vital component for UNIFINCA, which produces 2.5 billion post larvae shrimp annually. The broodstock will enhance UNIFINCA's production of disease-free shrimp. CEO Adam Thomas highlighted the order's importance for shareholder awareness and future growth, projecting increased demand from various global markets. The company aims for transparency and potential uplisting.

Positive

• Secured a six-figure broodstock purchase order from UNIFINCA S.A.
• UNIFINCA has an annual production capacity of 2.5 billion post larvae shrimp.
• Potential significant revenue upside for 2023 and 2024 based on new contracts.
• CEO emphasizes strong shareholder interest and market visibility.

Negative

• None.

DALLAS, TX / ACCESSWIRE / October 14, 2022 / Gold River Productions, Inc. (OTC PINK:GRPS) ("GRPS") (http://www.transamaqua.com) (D/B/A Trans American Aquaculture) announced today an initial six figure broodstock purchase order from Union De Fincas Camaroneras (UNIFINCA S.A.) of Honduras. The order represents an initial order from the company and the country of Honduras.

Broodstock are the mating shrimp and are an integral part (either in-house or contracted) of any shrimp farm or indoor recirculating system anywhere in the world. According to third party sites and discussions with Union De Fincas Camaroneras (UNIFINCA S.A.), the current estimated annual PL production of UNIFINCA S.A is 360 - 400 million per month or 2.5 billion per year. These PL's are estimated to produce anywhere from 1.25 billion to 2 billion shrimp per year. The broodstock that are the subject of this purchase order are mated in laboratories under pristine conditions to produce PL's that mature into disease-free world-class shrimp.

Union De Fincas Camaroneras (UNIFINCA S.A.) will use Trans American's broodstock to continue to grow its annual post larvae business. Post larvae shrimp are baby shrimp (typically a few weeks old). Post larvae shrimp are then sold to shrimp farms and recirculating aquaculture systems (also known as RAS such as publicly traded Natural Shrimp). UNIFINCA currently employs about 120 people in Honduras and is expanding their sales channels in many countries besides Honduras. Interested parties can visit websites such as https://www.megasupply.net/casos-de-exito/unifinca and https://www.grupodagustin.com/the-group/laboratorio-union-de-fincas-camaroneras to learn more about the company and its operations.

Trans American is currently working on closing orders from Egypt, China and North America and all sales are now in the contract phase. These PL and Broodstock orders represent potential significant upside from our previous revenue guidance for 2023 and 2024 as reflected in our previous press release.

Adam Thomas, Chairman and Chief Executive Officer of Trans American Aquaculture commented, "Although our shareholders are just beginning to recognize the magnitude of what we are doing, this order should begin to shine the light. This is one initial order from one country secured by a fifty percent deposit upfront to process the order."

Mr. Thomas continued, "We have only been public for a few weeks, but we are already noticing a buzz about our company. We encourage everyone to view the websites we have provided links to in this press release as it is our goal to become one of the more transparent small public companies in North America. This in line with our plans to up list."

Trans American Aquaculture, which recently went public through a reverse merger transaction with Gold River Productions, Inc. continues to see trends confirming an increasing demand for its broodstock and PL's from major aquaculture players including companies in Africa, Central America, Asia, India, and companies throughout North America.

About Trans American Aquaculture

Trans American Aquaculture produces premium quality, farm-raised white shrimp, 100% free of antibiotics and hormones, and cultivated using safe and sustainable practices.

Using decades of experience in the shrimp aquaculture industry, our products are grown with our superior technology and our proprietary genetics which results in a superior fresh product always grown in the United States. For more information, please visit http://www.transamaqua.com

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate.

CONTACT:

For inquiries:
Email: adamt@transamaqua.com

SOURCE: Gold River Production Services, Inc.

View source version on accesswire.com:
https://www.accesswire.com/720438/Gold-River-Productions-Inc-DBA-Trans-American-Aquaculture-Announces-Major-Broodstock-Export-Order-to-Honduras

FAQ

What is the significance of the broodstock order announced by GRPS?

The broodstock order from UNIFINCA S.A. is significant as it represents a substantial financial commitment and enhances production capabilities for disease-free shrimp.

What are the projected benefits of the broodstock order for GRPS?

The order is expected to increase revenue potential for GRPS in 2023 and 2024, reflecting a strong market demand.

How does the broodstock sourced from GRPS impact UNIFINCA's operations?

The broodstock will allow UNIFINCA to produce up to 2 billion shrimp annually, supporting their expansion and sales efforts.

When was the broodstock purchase order by UNIFINCA announced?

The purchase order was announced on October 14, 2022.

What plans does GRPS have for future orders beyond the current announcement?

GRPS is working on closing additional orders from Egypt, China, and North America.