VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/15/11 -- AgriMarine Holdings Inc. (TSX VENTURE: FSH)(OTCQX: AGMF)(FRANKFURT: A2G) (the 'Company' or 'AgriMarine'), the leader in floating closed containment technology and production for sustainable aquaculture, is pleased to announce that it has been named this year's top ranked Clean Technology Company on the TSX Venture 50.
TSX Venture Exchange's annual list of its top 50 emerging listed companies is a ranking of strong performers from five industry sectors, including Clean Technology. Companies are selected based on four equally weighted criteria: return on investment, trading activity, analyst coverage and market capitalization growth.
AgriMarine will join the TSX Venture 50 and members of the investment community in the Spotlight event to be held on March 31st, at the TMX Broadcast Centre in Toronto. As the top Clean Technology Company, AgriMarine will have the opportunity to present to an audience comprised of portfolio managers, investment bankers, research analysts and investment advisors.
John McCoach, President of TSX Venture Exchange said, 'We congratulate AgriMarine Holdings on being named top company in the Clean Technology section of this year's TSX Venture 50. This program is designed to recognize TSX Venture's strongest performers and is comprised of emerging companies that have been identified as leaders in Canada's public venture market. We wish the 2011 TSX Venture 50 continued success'.
Richard Buchanan, CEO of AgriMarine Holdings remarked, 'We are extremely honoured to be included in the TSX Venture 50 and to be recognized as the top Cleantech Company in this year's ranking'. He added, 'We have pioneered commercial scale closed containment fish rearing technology with an innovative farm management system that we believe will be become the industry standard in sustainable aquaculture practices.'
About AgriMarine Holdings Inc.
AgriMarine is in the business of producing salmon sustainably in its floating closed containment farms in Asia and North America, while the technology can be applied worldwide for the rearing of trout, salmon and other finfish such as tuna. AgriMarine's technology resolves many of the environmental issues created by present net cage rearing practices and permits the installation of fish production systems in close proximity to consumer markets.
Information set forth in this news release may involve forward-looking statements. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as 'anticipate', 'believe', 'plan', 'estimate', 'expect', and 'intend', statements that an action or event 'may', 'might', 'could', 'should', or 'will' be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
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AgriMarine Holdings Inc.
President and Chief Executive Officer
(604) 568-4673 (FAX)
AgriMarine Holdings Inc.
Manager, Media Relations and Marketing