GAITHERSBURG, MD -- (Marketwire) -- 11/06/08 -- Edgewater Foods International, Inc.
(OTCBB: EDWT), the first fully integrated shellfish producer with the
largest private marine research hatchery in Canada, announced today that
the Company has signed a $2 million order with Fanny Bay Oyster Co., a
division of Taylor Shellfish Farms of Shelton, Wash., an international
seafood distributor and the largest shellfish company on the West Coast.
The order is for more than 800,000 lbs. of Edgewater's proprietary Pacific
scallops to be delivered to Fanny Bay over the next 13 months. The order
includes live scallops, fresh scallop meat and frozen scallops to be farmed
in Edgewater Foods' Qualicum Beach, British Columbia, operation, and
packaged and delivered in various scallop products (including live
in-the-shell, frozen half-shell and fresh meat).
The Pacific scallop is a special scallop which can grow to more than one
pound and is largely disease resistant. Island Scallops Ltd, a subsidiary
of Edgewater Foods International, is the sole source of Qualicum Beach
scallop seed in the world and will be providing these unique scallops to
Fanny Bay.
Robert Saunders, Chairman and CEO, Edgewater Foods International, said,
"This is the largest order Edgewater has received to date and confirms the
unique high quality scallop that we have worked so hard to develop. We are
very pleased to be working with Taylor Shellfish Company, and we look
forward to working with the management of Fanny Bay in preparing and
delivering this order. We anticipate that this will be the start of a long
term relationship with Taylor Shellfish which will benefit both our
companies. Scallops have become increasingly popular with the general
public. As we at Edgewater expand our farms and processing capabilities, we
will expand our scallops into new markets in North America and abroad."
In April 2008 Edgewater Foods received approval from the British Columbia
Government to convert its largest scallop farm to off-bottom growing.
This change in farming operation has provided the Company with the
potential to add more than 20 million scallops to its annual harvest cycle
when the build is completed.
About Edgewater Foods International, Inc.
Edgewater Foods International, Inc., a Nevada Corporation, is the parent
company of Island Scallops Ltd. ("ISL"), a Vancouver Island aquaculture
company. Established in 1989, ISL has successfully operated a scallop
farming and marine hatchery business for almost 20 years. ISL's facilities
represent the largest private marine research hatchery and the first fully
integrated shellfish producer in Canada.
Edgewater Foods is dedicated to the farming, processing and marketing of
high quality, high value marine species: scallops and sablefish.
