NaturalShrimp Announces Launch of Online Ordering Home Delivery Program

Rhea-AI Summary

NaturalShrimp, Inc. (OTCQB: SHMP) has launched an online ordering and home delivery program for its shrimp products, effective December 9, 2022. This e-commerce platform allows customers to select fresh shrimp and sauces for direct delivery, with orders shipped the same day. The company’s Distribution Center in the Dallas-Fort Worth area is fully operational, enhancing its capacity to process and deliver products. CEO Gerald Easterling emphasized that this initiative diversifies their distribution strategy and expands their market reach, aligning with their growth objectives.

Positive

• Launch of an online ordering and home delivery program for shrimp products.
• Operational Distribution Center in Dallas-Fort Worth enhances processing capabilities.
• Direct delivery service expected to increase customer reach and sales channels.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture Company that has developed and patented the first shrimp-focused commercially operational RAS (Recirculating Aquaculture System), today announced its online ordering home delivery program and e-commerce website at www.naturalshrimpharvest-select.com will be launched on December 9, 2022. A link to the online retail store is also available on the NaturalShrimp website at www.naturalshrimp.com.

NaturalShrimp’s Harvest-Select online retail store, launched just in time for the holiday season, is led by NaturalShrimp Chef and Director of e-commerce Douwe Iedema. Product availability includes fresh harvested heads-on shrimp and Chef Douwe’s long-awaited shrimp cocktail sauce. Unique NaturalShrimp sauces and spices, recipe books and instructional videos for the home cook will be available soon as well.

Customers visiting the website can build their box by selecting raw or cooked shrimp and choosing a sauce. Once the order is placed, NaturalShrimp humanely harvests, chill kills, and packages the order into containers with vacuum-sealed lids that are then plastic sealed. The box is packed with gel packs and peanut foam to ensure quality-control and freshness. After the order has been packed, the “direct to your door” order is shipped out the same day anywhere within the continental U.S. The first orders are expected to be shipped December 12^th.

The NaturalShrimp Distribution Center located within the Dallas-Fort Worth metroplex is completed and the Company is ready to receive and process its product for packaging and shipping for the online ordering home delivery program. In addition, the Distribution Center will make it possible to process thousands of pounds of shrimp not only for home delivery, but as a hub for pickup and delivery to local chefs.

“The decision to launch the new e-commerce program was driven by the ongoing demand for retail and direct-to-consumer sales of NaturalShrimp,” said Douwe Iedema. “The online platform offers our fresh, naturally grown shrimp and sauces, and was built with the capability to evolve with opportunities to provide our customers additional products such as pre-cooked shrimp, marinades, seasonings and other sauces, and perhaps eventually prepared meals. We are looking forward to exploring the multifaceted ways in which the home delivery program and e-commerce website will help drive our expansion strategy.”

Gerald Easterling, CEO of NaturalShrimp, added, “This launch creates a tremendous opportunity to further our mission to provide the freshest shrimp and seafood to local markets everywhere, with the ability to now deliver our product to customers across the country. This direct-to-consumer expansion diversifies and complements our commercial distribution strategy including our planned U.S. facility expansion, partnership with US Foods, South Texas area, and the continued success of our live shrimp sales program. We are highly focused on expanding our sales channels and geographic footprint as we continue our growth strategy.”

About NaturalShrimp

NaturalShrimp, Incorporated is a publicly traded aquaculture Company, headquartered in Dallas, with production facilities located near San Antonio, Texas, and Webster City, Iowa. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp. For more information visit www.naturalshrimp.com.

Forward-Looking Statements

This press release contains a number of forward-looking statements that reflect management's current views with respect to future events and financial performance. Forward-looking statements are projections in respect of future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. These statements include statements regarding the intent, belief or current expectations of us and members of our management team, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks set forth in the section entitled “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2021, any of which may cause our company’s or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in our forward-looking statements.

No Offer or Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Transaction and does not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, exchange, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221208005326/en/

Investor Relations Contact

Chris Tyson

Executive Vice President

MZ North America

Direct: 949-491-8235

SHMP@mzgroup.us

Source: NaturalShrimp, Inc.

FAQ

What is the new e-commerce program launched by NaturalShrimp?

NaturalShrimp has launched an e-commerce program allowing customers to order fresh shrimp and sauces online, with home delivery starting December 9, 2022.

When will orders be shipped from NaturalShrimp's new service?

The first orders from NaturalShrimp's online e-commerce platform are expected to be shipped on December 12, 2022.

Where is NaturalShrimp's Distribution Center located?

NaturalShrimp's Distribution Center is located in the Dallas-Fort Worth metroplex, Texas.

What products can customers order from NaturalShrimp's new website?

Customers can order fresh harvested shrimp, shrimp cocktail sauce, and soon unique sauces and recipe books.

How does the online ordering program impact NaturalShrimp's sales strategy?

The online program diversifies NaturalShrimp's sales strategy by expanding direct-to-consumer sales and complementing their commercial distribution efforts.