SEC Declares China Marine Food Group Limited Registration Statement Effective

2008-05-09 23:29 504

SHISHI, China, May 9 /Xinhua-PRNewswire/ -- China Marine Food Group Ltd. (OTC Bulletin Board: CMFO), a China-based processor and distributor of fresh and processed seafood products, today announced that its registration statement on Form S-1, has been declared effective by the Securities and Exchange Commission. The registration was effective May 8th at 9:15am EST. The demand registration is for the approximate 6.2 million shares of China Marine common stock and 1.2 million shares of warrants with total proceeds of $19.9 million raised in connection with the Company's private placement in November 2007.

About China Marine

China Marine Food Group Ltd. processes and distributes processed seafood products, and fresh and frozen marine catch to five provinces in the PRC. Founded in 1994, China Marine has grown steadily and positioned its Mingxiang(R) brand as a category leader in 1,200 retail sales points in the PRC. The Company has received "The Famous Brand" and "Green Food" awards. Located in 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 the EU export registration.

Source: China Marine Food Group Ltd.
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Keywords: Food/Beverages