Attached files
file | filename |
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8-K - CHINA MARINE FOOD GROUP LTD | v171750_8k.htm |
EX-10.4 - CHINA MARINE FOOD GROUP LTD | v171750_ex10-4.htm |
EX-10.2 - CHINA MARINE FOOD GROUP LTD | v171750_ex10-2.htm |
EX-10.3 - CHINA MARINE FOOD GROUP LTD | v171750_ex10-3.htm |
EX-10.1 - CHINA MARINE FOOD GROUP LTD | v171750_ex10-1.htm |
Exhibit
99.1 – Press Release
China
Marine Food Group Ltd. Raises $30,000,000 Through
Registered
Direct Offering of Common Stock
SHISHI, China, January 20
/Xinhua-PRNewswire-FirstCall/ — China Marine Food Group Ltd. (NYSE Amex: CMFO - News), a China-based
manufacturer of seafood-based snack foods and distributor of fresh and frozen
marine catch, today announced that it entered into definitive agreements to sell
4,615,388 shares of common stock at a price of $6.50 per share.
Net
proceeds, after underwriting discounts and commissions and before offering
expenses payable by the Company, will be approximately $28,500,000. The offering
is subject to customary closing conditions and is expected to close on January
25, 2010. The Company intends to use the net proceeds from this offering for
working capital and general corporate purposes.
The
shares are being sold under the Company's previously filed shelf registration
statement that was declared effective by the Securities and Exchange Commission
on December 23, 2009. Global Hunter Securities LLC and Brean Murray Carret &
Co., LLC acted as co-lead placement agents and joint book-running managers in
the transaction.
This
press release does not constitute an offer to sell or the solicitation of an
offer to buy any securities of the Company and there shall not be any sale of
any such securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such state or jurisdiction. A prospectus supplement
related to the public offering will be filed with the Securities and Exchange
Commission. Copies of the final prospectus supplement and the accompanying
prospectus will be available on the SEC's website, http://www.sec.gov,
and by contacting either Global Hunter Securities LLC at (949) 274-8044 or Brean
Murray Carret & Co., LLC at (212) 702-6500.
About
China Marine
China
Marine Food Group Ltd. processes and distributes seafood-based snack foods, and
fresh and frozen marine catch to seven provinces in the PRC. Founded in 1994,
China Marine has grown steadily and positioned its "Mingxiang" brand as a
category leader in 2,200 retail sales points in the PRC. The Company has
received "The Famous Brand" and "Green Food" awards. Located in the
Fujian province, it is one of the largest coastal provinces in the PRC and a
vital navigation hub between the East China Sea and the South China Sea. The
Company is committed to the highest standard of quality control with the
ISO9001, ISO14001, HACCP certification and EU export registration.
FORWARD
LOOKING STATEMENTS
This
release contains certain "forward-looking statements" relating to the business
of China Marine Food Group Limited and its subsidiary companies, which can be
identified by the use of forward-looking terminology such as "believes, expects"
or similar expressions. Such forward looking statements involve known and
unknown risks and uncertainties, including all business uncertainties relating
to product development, marketing, concentration in a single customer, raw
material costs, market acceptance, future capital requirements, competition in
general and other factors that may cause actual results to be materially
different from those described herein as anticipated, believed, estimated or
expected. Certain of these risks and uncertainties are or will be described in
greater detail in our filings with the Securities and Exchange Commission. China
Marine Food Group Limited is under no obligation to (and expressly disclaims any
such obligation to) update or alter its forward-looking statements whether as a
result of new information, future events or otherwise. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction.
COMPANY
Marco
Hon Wai Ku, CFO
Suite
815, 8th Floor
Ocean
Centre, Harbour City
Kowloon,
HONG KONG
Tel: +852-2111-8768
Email:
marco.ku@china-marine.cn
Web: www.china-marine.cn
INVESTOR
RELATIONS
John Mattio, SVP
HC
International, New York
Tel: +1-203-616-5144
(U.S.)
Email:
john.mattio@hcinternational.net
Web: www.hcinternational.net