Shareholder Update: Exciting Developments and Progress
Gold River Production Services has provided an update for its shareholders, highlighting several key developments.
The company is finalizing its 2023 audited financials, expected to be completed within 35-40 days. While the 2023 year-end financials will include some harvest revenues, the majority of shrimp sales will appear in the 1Q24 financials. The delay in the audit is due to the S-1 completion and SEC requirements.
The company is working with FINRA to resolve historical issues from its Delaware domicile period, which is essential for future marketing and branding efforts.
Gold River Production Services has been approved as a preferred importer of Broodstock to India and is securing USDA export permits, aiming to finalize this by summer.
Additionally, the company is close to announcing a significant shrimp sales approval from buyers, which will include long-term collaboration plans.
These developments are expected to contribute significantly to shareholder value.
- Finalizing 2023 audited financials, expected in 35-40 days.
- Majority of shrimp sales revenues to be included in 1Q24 financials.
- Approval as a preferred importer of Broodstock to India.
- Securing USDA export permits for Broodstock, aiming for completion by summer.
- Near final approval for significant shrimp sales, including long-term collaboration plans.
- Delay in 2023 financial audit due to S-1 completion and SEC requirements.
- Extended timeline for resolving historical gaps with FINRA from Delaware domicile period.
RIO HONDO, TX / ACCESSWIRE / May 29, 2024 / Gold River Production Services, Inc. shareholder update:
Dear Shareholders,
We are thrilled to share some exciting updates on the company's recent progress and key deliverables!
2023 Year-End Audited Financials: We are diligently finalizing our 2023 financial audit, anticipating completion within the next 35-40 days. While our 2023 year-end financials will reflect a portion of our harvest revenues, the majority from shrimp sales will be showcased in our 1Q24 financials. The slight delay in the audit is due to our successful S-1 completion earlier this year, which became effective in mid-February, and our commitment to adhering to SEC reporting requirements. We eagerly await sharing the full harvest revenue details in our forthcoming 10K and 10Q filings.
Ticker and Name Change with FINRA: We recognize the extended timeline for this process and appreciate your patience. We are diligently working with FINRA to resolve historical gaps from our Delaware domicile period. We are nearing a resolution and will keep you updated, as this is crucial for our future marketing, branding, and overall company development strategy.
Broodstock Export to India: We are proud to have been approved as a preferred importer of Broodstock to India. Currently, we are securing USDA export permits. Collaborating closely with our APHIS-USDA certified veterinarian for animal health testing (with no issues in the past seven years) and coordinating a required site inspection, we aim to finalize these steps by summer. This will enable us to fulfill the impressive backlog of orders we've received.
Shrimp Sales Announcement: As mentioned on our Twitter in March, we are on the verge of announcing final approval from our shrimp buyers. This will include details of the sale, the buyer, and our long-term collaboration plan. We are excited about this partnership and the opportunity to deliver our premium quality shrimp to consumers.
Thank you all for your unwavering support over the past two years. We have been working relentlessly to create value for our shareholders, and we are confident that the progress outlined above will significantly contribute to our shared success.
For more information about Trans American Aquaculture and its mission, please visit https://transamaqua.com
IR Contact
Cervitude IR
hello@cervitude.com
203-685-0346
About Trans American Aquaculture
Trans American Aquaculture OTC Pink:GRPS) is a leading sustainable aquaculture company committed to meeting the increasing global demand for responsibly sourced seafood. With advanced technology, state-of-the-art facilities, and a dedication to environmental sustainability, the company is revolutionizing the shrimp farming industry. Trans American Aquaculture strives to provide high-quality, eco-friendly shrimp to consumers while maintaining the highest standards of transparency and ethical practices.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans, and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise.
SOURCE: Gold River Production Services, Inc.
View the original press release on accesswire.com
FAQ
When will Gold River Production Services complete the 2023 financial audit?
What will the 2023 year-end financials include?
What is the status of Gold River Production Services' Broodstock export to India?
What is the timeline for resolving historical issues with FINRA?
What is the upcoming announcement regarding shrimp sales?
