NaturalShrimp Appoints W. Steven Walker as General Counsel

Rhea-AI Summary

NaturalShrimp, Inc. (SHMP) announces the appointment of W. Steven Walker as General Counsel and Secretary, effective January 1, 2022. Walker, a veteran attorney with over 45 years of experience, has been affiliated with the company since 2001 and brings extensive knowledge of corporate and transactional law. CEO Gerald Easterling emphasized the need for legal counsel to manage operational issues amid the company's rapid growth and commercialization. NaturalShrimp is known for its innovative Recirculating Aquaculture System, producing fresh, antibiotic-free shrimp.

Positive

• W. Steven Walker's extensive legal experience could enhance operational efficiency.
• Appointment aligned with the company's growth and production ramp-up plans.

Negative

• Concerns about continuity due to management changes.

DALLAS, TX, Dec. 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – 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 the appointment of veteran attorney W. Steven Walker to fill the position of General Counsel and Secretary of the Company, commencing January 1, 2022.

Mr. Walker brings over 45 years of legal experience in a wide range of corporate, resource and transactional law. He has been affiliated with the Company since 2001 and has previously served as counsel to, and member of, the Board of Directors of NaturalShrimp Holdings, Inc. Mr. Walker has served as general counsel for several privately held companies and has also been a Board Member of multiple public companies. Mr. Walker attended St. Mary’s School of Law, was licensed as an attorney in November 1976 and has been engaged in private practice of law since 1983. 

“With our rapid growth and commercialization timeline, we are now at a stage where counsel is needed to quickly address day-to-day operational issues and to work with outside counsel,” said Gerald Easterling, CEO of NaturalShrimp. “Not only does Steve bring decades of deep experience in corporate and transactional law, he knows NaturalShrimp well, having served as our outside corporate counsel and board member of our holding company over the last two decades. Steve is ideally suited for this role as we accelerate weekly production and continue to develop our commercialization and sales strategy to build a strong, responsive and vibrant company. 

Mr. Walker added, “I am thrilled to be joining NaturalShrimp at such an exciting time. I look forward to continuing to work alongside Gerald and the entire team as we ramp production of the highest grade of land-based Pacific white shrimp. I want to thank Gerald and the Board for considering me for this position and look forward to being a part of the story.”

About NaturalShrimp

NaturalShrimp, Inc. 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, never frozen, 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.

Investor Relations Contact
Chris Tyson
Executive Vice President
MZ North America 
Direct: 949-491-8235
SHMP@mzgroup.us

FAQ

Who is W. Steven Walker and what is his role at SHMP?

W. Steven Walker has been appointed General Counsel and Secretary of NaturalShrimp, effective January 1, 2022.

What qualifications does W. Steven Walker have?

Walker has over 45 years of legal experience and has been affiliated with NaturalShrimp since 2001.

How will Walker's appointment impact SHMP?

His legal expertise is expected to enhance operational efficiency and support the company's growth strategy.

What are NaturalShrimp's recent growth initiatives?

NaturalShrimp is ramping production of high-quality Pacific white shrimp and developing its commercialization and sales strategy.