Blue Industries Inc. Opens Production Facility Near Bangkok, Thailand.Business Editors Blue Industries Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BLUI) announced today that it has opened a special purpose manufacturing facility in the suburbs of Bangkok Bangkok (băng`kŏk'), Thai Krung Thep, city (1990 pop. 8,538,610), capital of Thailand and of Bangkok prov., SW Thailand, on the east bank of the Chao Phraya River, near the Gulf of Thailand. , Thailand. This facility will supply water filtration systems based on the company's proprietary technologies to Thai shrimp producers. The Thai facility will ship its first products later this week. The Thai manufacturing facility is an outgrowth of an earlier technology joint venture between the Company and Dr. Verapaul Mudamara. The Company shipped a demonstration plant to Thailand in July 2001 and for the last year the plant has been subjected to rigorous testing in commercial shrimp farming
A shrimp farm is an aquaculture business for the cultivation of marine shrimp or prawns operations. The results of this testing program have conclusively con·clu·sive adj. Serving to put an end to doubt, question, or uncertainty; decisive. See Synonyms at decisive. con·clu  sive·ly adv. demonstrated that:
-- The company's technologies are particularly effective at removing undesirable contaminants from raw river water; and -- The use of properly decontaminated water in shrimp hatcheries can increase yields by up to 35%. A Blue Industries team, headed by Mr. Cyril Heitzler and Mr. Jean-Yves Lafitte-Barrou supervised su·per·vise tr.v. su·per·vised, su·per·vis·ing, su·per·vis·es To have the charge and direction of; superintend. [Middle English *supervisen, from Medieval Latin the startup of the Thai manufacturing facility. Thailand is the world's leading exporter of shrimp products and currently earns about $1.3 billion annually from international sales. Cyril Heitzler, the company's marketing and development director said: "We are delighted to see tangible proof that our technology can significantly improve the yields from commercial shrimp hatcheries. And since Thailand has between 10,000 and 15,000 commercial shrimp farms, we believe it represents a major potential market for our products. When shrimp hatcheries become more reliable-and we believe they will-the production of farm-raised shrimp in Thailand should take another leap forward." About Blue Industries Inc: Blue Industries is a global leader in the field of safe drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. . The company's water treatment products are based on patented technologies that make it possible to offer drinking water processing facilities to an end user at an installed capital cost of less than fifty cents per gallon of daily capacity. Depending on configuration, the company's current products can process between 1,500 and 15,000 gallons per day. The Company currently serves customers in China, Thailand, Cambodia and Middle East, and is conducting on-site demonstrations in Africa. The Company's goal is to provide enabling technologies and products to satisfy the growing global demand for safe water in domestic, industrial, and agricultural applications. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. |
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