long term contract for aaq - 300tpa achieved

What a nice birthday pressy for me...


Exclusive Fish Marketing Agreement Secured
• Australis signs long-term marketing agreement with major
US seafood broker, covering fresh Barramundi fish sales
for the eastern USA.
• Export of Australian Barramundi Fingerlings continues with
200,000 fingerlings being shipped from Cairns this month.
Stocking levels supporting 300tpa output now well
established.
• Local County supports Australis with its own new street
address of ‘One Australia Way’.
• US fish grow-out facility continues to perform to
expectations.
Fish Marketing
Australis Aquaculture Limited (ASX:AAQ) is pleased to announce the signing of an
exclusive and long-term marketing arrangement with Interseas Fisheries Limited, a
New Jersey based major US seafood broker specialising in premium fish.
Interseas Marketing Director, Nat Reiken a 35 year veteran of the seafood industry has
been closely following the progress of the company and has maintained a keen interest
in handling the company’s Barramundi, a fish he is well familiar with in the US
marketplace.
“After actually seeing the fish in the grow-out tanks and learning how ecologically
efficient your methods are, I was truly excited about our future involvement with
Australis. It is a ‘State of the Art’ aquaculture facility in Turners Falls. The unequalled
freshness and being able to offer a ‘locally harvested’ but still authentically Australian
fish has significant value to our U.S. customers.” Mr. Reiken said.
Interseas have agreed to exclusively offer Australis’ Barramundi to their extensive list of
wholesale customers. MD Stewart Graham said the arrangement gives the Company
immediate access to a very large and targeted customer base. Inteseas is confident
they can sell our entire fresh product through their extensive client base across the US.
We are also entering the market with our locally produced product at a time when
conventional imports are at a disadvantage due to the low level of US dollar.
Previous arrangements for live fish sales remain and Australis will deal with its US
West Coast wholesalers directly.
Fingerlings fly to the USA
Shipments of fingerlings continue to leave Australia every seven weeks for Australis’
grow-out facility. Stocking levels are now well established at 300tpa. The new fingerling
receiving area designed and built by the company called ‘System Adelaide’, is working
extremely well.
Text Box: ASX Release
November 22, 2004

Local support for Australian Way of business
The Town of Turners Falls has helped Australis by accommodating its need to
differentiate itself. The Town has renamed the company’s address to “One Australia
Way” thus helping Australis differentiate itself. US Executive Director Joshua Goldman
said “the co-operation of the Fire and Police Departments and other Civic leaders to
assist an enterprise they see as being an important part of their business community
was gratifying.” The change appears in US street map publications from November
15th, 2004.
Operations update
The growth of the fish in the plant is meeting our expectations and is improving with
each batch of fish received.
About Australis
Australis’ business is to export live Australian Barramundi to its US fish grow-out facility
and deliver a uniquely fresh Australian product to the US seafood market. Australis
Aquaculture Limited owns and operates the United States’ largest indoor recirculation
fish ‘grow-out’ facility located in Turners Falls, near New York city, to primarily service
the north east region’s 38 thousand restaurants and 51 million people.
For more information please contact:
Stewart Graham Peter Cassuben
Managing Director Maxicom Public Relations
Australis Aquaculture Limited (02) 9965 9303
(08) 9288 4540 E: [email protected]
E: [email protected]
W: www.austaqua.com.au