FUZHOU, China, June 5, 2014 /PRNewswire-FirstCall/ -- Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan," or the "Company") a global fishing company based in the People's Republic of China (PRC), today announced that the Company presented at The 9th China International (Xiamen) Fisheries Expo (the "Expo") in Xiamen, China from May 22 - 24, 2014.
The Expo was organized by the Fujian Provincial Department of Ocean and Fisheries, and co-organized with the China Aquatic Products Processing and Marketing Association and Fujian Aquatic Processing and Marketing Association. The Expo is ranked in the top five globally in terms of fisheries attending with close to 300 fishery companies from China and 22 other countries presenting, including the United States, Korea, Malaysia, Italy, Japan, Iceland and Spain. Pictures of Pingtan's participation in the event are available on the Company's website at http://www.ptmarine.com/image-galleries/the-9th-china-international-xiamen-fisheries-expo.
Mr. Xinrong Zhou, Pingtan's Chairman and CEO, stated, "We are pleased to have participated in the Expo, which helped promote our products to a wider range of potential distributors and expands our sales network. We were glad that one of our exhibition pieces, a more than 200 kilo-giant grouper attracted eyeballs from the audience and higher-end buyers. This grouper was caught by one of our fishing vessels operating in Indonesian waters, where our fleet catches more than 600 giant groupers each year."
For more information regarding The 9th China International (Xiamen) Fisheries Expo, please visit: http://www.fishexpo.cn/index_en.asp
About Pingtan
Pingtan is a global fishing company, engaging in ocean fishing through its wholly-owned subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing. Pingtan Fishing primarily engages in ocean fishing with many of its self-owned vessels operating within the Indian Exclusive Economic Zone and the Arafura Sea of Indonesia. Pingtan Fishing is a growing fishing company and provider of high quality seafood in the PRC.
Business Risks and Forward-Looking Statements
This press release may contain forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. In addition, please refer to the risk factors contained in the Company's SEC filings available at www.sec.gov, including the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Definitive Proxy Statement and Registration Statement on Form S-3. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Pingtan undertakes no obligation to update or revise any forward-looking statements for any reason.
CONTACT:
Roy Yu
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 87271753
ryu@ptmarine.net
INVESTOR RELATIONS:
The Equity Group Inc.
In China
Katherine Yao, Associate
86 10 6587 6435
kyao@equityny.com
Adam Prior, Senior Vice President
(212) 836-9606
aprior@equityny.com
