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Gold River Production Services, Inc. (GRPS) is a leading sustainable aquaculture company dedicated to responsibly sourced seafood production. With a strong focus on environmental sustainability, cutting-edge technology, and state-of-the-art facilities, the company is revolutionizing the shrimp farming industry. Known for its high-quality, eco-friendly shrimp, Gold River Production Services aims to provide transparent and ethically produced seafood to consumers globally.
Gold River Productions, Inc. (OTC PINK:GRPS) released its first shareholder update for Trans American Aquaculture, detailing operational plans, financial projections, and key events.
The company is poised for a strong 2023 shrimp growth season, targeting 1.2 million pounds of antibiotic-free shrimp, projecting $4.4 million in revenue. Plans include a name change, new ticker symbol, and an upcoming multi-year financial audit aimed at uplisting by year-end. The update highlights the company’s commitment to sustainable practices and emphasizes the potential for significant revenue growth in 2024 and 2025.
Gold River Productions, Inc. (OTC PINK:GRPS) has appointed Malcolm McNeill to its board of directors, effective immediately. McNeill, a member of Global Energy Mentors, brings valuable experience from his roles as consulting CFO at Falcon Seaboard and Nearshore Natural Gas, where he managed significant negotiations and secured vital agreements. He will chair the audit committee, focusing on audit oversight and financial reporting. The company, recently public through a reverse merger, is seeing increasing demand for its sustainably farmed shrimp products across multiple continents.
Gold River Productions, Inc. (OTC Pink:GRPS), operating as Trans American Aquaculture, has expanded its Board of Directors with the appointment of three new members. Notably, Adam Thomas has been named Chairman; he boasts extensive experience in operations and corporate strategy, having previously led successful mergers at JPMorgan Chase. Other appointees include Bolivar Prieto Torres and Luis Arturo Granda, both with significant expertise in the aquaculture industry. The company is seeing increased demand for its shrimp products, indicating a positive market trend.
Gold River Productions, Inc. (OTC Pink:GRPS) has appointed Jeff Sedacca, a seafood industry veteran, to its board of directors. Sedacca, known for his expertise in the shrimp sector, was previously CEO of Sunnyvale Seafood and is a board member of the Global Seafood Alliance. His deep connections with major seafood buyers across the U.S. are expected to enhance GRPS's market positioning. The company anticipates increased demand for its products, especially following its recent reverse merger to go public. Sedacca aims to promote U.S. aquaculture growth through his new role.
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.
Gold River Production Services, Inc. (GRPS) has confirmed its revenue guidance for 2023 and 2024, expecting approximately $7 million for 2023 and $14 million for 2024. The demand for its superior broodstock and post-larvae (PL) shrimp is rising due to specific genetic needs in the aquaculture sector, USDA quality standards, and market gaps created by prior supply disruptions. A notable order of $650,000 for broodstock from a major customer underscores this trend, with expectations to exceed guidance based on growing market demand.
Gold River Productions, Inc. (OTC PINK:GRPS) has signed a purchase order contract with Kentucky State University, in collaboration with Texas A&M University, for post larvae shrimp (PL's) aimed at a research program focusing on food nutrition and sustainable practices.
The universities' research will explore the effects of nutrition on PL growth rates and pathogen resistance to address global food supply challenges. The study involves multiple universities and industry partners, enhancing GRPS's role in sustainable aquaculture.
Gold River Productions, Inc. (OTC PINK:GRPS) announced the release of the transcript from its September 26, 2022, conference call. During the call, CEO Adam Thomas discussed the strategic merger with Trans American Aquaculture and the growth opportunities in the shrimp industry. The company highlighted its unique control over the shrimp lifecycle and the anticipated increase in revenue, estimating 2023 revenues at approximately $7M and 2024 revenues between $14M to $20M. They are also negotiating large contracts for broodstock and post larvae sales, positioning themselves competitively in the market.
Gold River Productions (GRPS) announced its acquisition of Trans American Aquaculture (TAA), enhancing its aquaculture production and genetics capabilities. The exchange involved 100% equity of TAA for preferred shares in GRPS and was approved by both parties. TAA is recognized as the largest land-based shrimp producer in the U.S., with significant investments and production capacity. Their recent agreement with Algeria for shrimp genetics signals substantial revenue potential. The company aims to mitigate disease risks through genetic control, enhancing profitability.
Gold River Productions (OTC PINK: GRPS) announced a shareholder update conference call scheduled for 5 PM EST on September 26, 2022. Participants are encouraged to review a press release at 4 PM EST that will detail the company’s business plan for the next 18 months. The call aims to engage industry leaders from various regions, including China, and allows shareholders to ask questions via email. The press release will serve as a foundation for discussions during the call.
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