Phoenix, Arizona--(Newsfile Corp. - March 3, 2022) - The Stock Day Podcast welcomed NaturalShrimp, Inc. (OTCQB: SHMP) ("the Company"), a publicly traded aquaculture company, headquartered in Dallas, with production facilities located near San Antonio, Texas and Webster City, Iowa. CEO of the Company, Gerald Easterling, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's 2021 accomplishments. "In 2020, we had about $3 million in assets," said Easterling. "As of December 31st, 2021, we will have $41 million for total assets," he shared. "One of the commitments Bill Williams and I had was to get our NaturalShrimp shareholders over into our public company," said Easterling. "We got it done."
Jolly then asked about the Company's partnership with Gulf Seafood, Inc., which features a unique shrimp packaging technology. "This is an amazing opportunity for the company and its shareholders because it gives us a tremendous market that is virtually untapped that we can provide a consistent supply of live shrimp," said Easterling. "Gulf Seafood, Inc. can fulfill all of our production needs for 2022."
"Where are you at in terms of shrimp production?" asked Jolly. Easterling elaborated on the challenges of COVID-19 at their production facilities, as well as the difficulties involved in shipping live shrimp. "In the next couple of weeks we will do our first test run with live shrimp out of Lacoste," shared Easterling. "We're moving forward," he added. "It's going to take us all year to get Webster City up to full production," said Easterling. "The beauty of the whole program is that the profit margins are much higher for us, which may allow us to be in a cash flow positive situation by the fourth quarter."
The conversation then turned to the Company's progress with international licensing. "Currently, we have multiple companies, both with salmon and shrimp, that have reached out to us to work with us in international licensing," said Easterling, adding that the licensing is currently in progress.
"How are we going to get to the Nasdaq uplist?" asked Jolly. "There will be a reverse," said Easterling. "It will happen between now and April 15th," he shared, adding that the Company has now eliminated nearly all of its convertible debt.
To close the interview, Easterling elaborated on the Company's strong position. "We have more cash in the bank than we've ever had, and more support as we go into the uplist," said Easterling, adding that the Company plans to raise capital following their uplisting to the Nasdaq. Easterling then discussed the potential of the Company's upcoming conferences and encouraged listeners and shareholders to keep up-to-date on their projects and upcoming announcements.
To hear Gerald Easterling's entire interview, follow the link to the podcast here: https://audioboom.com/posts/8041176-naturalshrimp-inc-discusses-2021-accomplishments-and-upcoming-nasdaq-uplist-with-the-stock-day.
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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
About The "Stock Day" Podcast
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SOURCE:
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115552
