NaturalShrimp Partners With Leading Foodservice Distributor
NaturalShrimp, Inc. (OTCQB: SHMP) has partnered with US Foods for an exclusive shrimp grow-out program serving customers in Austin, Houston, and San Antonio. This collaboration aims to offer fresh, naturally grown Texas shrimp to restaurants within an 8-hour delivery radius. The partnership aligns with rising consumer demand for local products, and NaturalShrimp plans to supply US Foods weekly following a recent production boost enabled by their innovative Hydrogas technology. The company will also feature at the US Foods Immersion show in Austin on October 12.
- Partnership with US Foods enhances distribution in major Texas markets.
- Growing consumer preference for fresh, locally sourced shrimp supports business.
- Hydrogas technology proved effective in maintaining shrimp health post-fire, facilitating production ramp-up.
- None.
DALLAS, TX, Sept. 28, 2022 (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 a partnership with US Foods, South Texas area, with an exclusive grow out program for their customers in Austin, Houston, and San Antonio.
US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. With 70 broadline locations and more than 80 cash and carry stores, US Foods and its 28,000 associates provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology, and business solutions.
“We are very excited to build this channel-specific program for a leading national distributor,” said Marco van den Berg, VP of Sales and Marketing. “This is in line with our strategy to deliver our quality product to restaurants inside a 300 mile radius, within 8 hours from harvest at our production facility in La Coste. There has been continuous growing support for local producers, with top tier customers looking to differentiate their product offering from the rest of the industry. Shrimp still enjoys the top spot when you look at the latest seafood per capita consumption data, and consumers are now ready to pay a premium for a fresh, naturally grown Texas product.
“Brian Rashid, our Regional Sales Manager, is working with our live program in San Antonio and expansion of this program to Austin and will be our point of contact with U.S. Foods. Since joining in August, Brian has been delivering consistent quality product and benchmark service to our customers across multiple sales channels as we continue with our growth strategy,” concluded Van Den Berg.
Tom Untermeyer, Chief Technology Officer, added “The Hydrogas technology allowed us to maintain the health of the shrimp in the La Coste, TX production facility immediately after the July fire prior to installing our emergency backup electrocoagulation equipment. Consequently, we are now able to start supplying US Foods weekly with our fresh shrimp from our Texas location as we continue to ramp up production and believe the prove out of our Hydrogas technology was instrumental in helping to secure this agreement.”
NaturalShrimp has been invited to attend, as well as be a featured exhibitor at the upcoming US Foods Immersion show in Austin on October 12th.
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
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