SHISHI, China, Aug. 30, 2013
/PRNewswire-FirstCall/ -- China Marine Food Group Limited (NYSE
MKT: CMFO) ("China Marine" or the
"Company"), a manufacturer of Mingxiang® seafood-based snack foods,
Hi-Power® marine algae-based beverages and a distributor of frozen
marine catch, today announced that Mr. Marco Ku, Chief Financial Officer, will be
leaving the Company effective October 30,
2013 for personal reasons.
The Company notes that Mr. Ku resigned amicably and has no
disagreements with the Company on any financial or business
issues. The Company values the significant contributions made
by Mr. Ku during his tenure as CFO and notes that Mr. Ku will also
assist the Company until his departure while a replacement search
is underway.
"On behalf of our Board of Directors and management team, we
want to sincerely thank Marco Ku for
his many years of service as our CFO," stated Pengfei
Liu, CEO and Chairman of China
Marine. "Marco has been an architect in the success of our
capital raises over the past six years and he was also instrumental
in our uplisting to NYSE MKT in 2009. We will provide an update on
the replacement CFO as soon as information is available," Chairman
Liu concluded.
About China Marine
China Marine Food Group Limited is a food and beverage
manufacturer of Mingxiang® seafood-based snack foods and Hi-Power®
marine algae-based health drinks, and a wholesaler of frozen marine
catch in five provinces in the PRC. Founded in 1994, China Marine has grown steadily and positioned
its Mingxiang® brand as a category leader in 3,500 retail food
sales points and 14,000 beverage sales points in China. 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 EU export registration.
Forward Looking Statements
This release contains certain "forward-looking statements"
relating to the business of China Marine Food Group Limited and its
subsidiary companies, which can be identified by the use of
forward-looking terminology such as "believes, expects" or similar
expressions. Such forward looking statements involve known and
unknown risks and uncertainties, including all business
uncertainties relating to product development, marketing,
concentration in a single customer, raw material costs, market
acceptance, future capital requirements, competition in general and
other factors that may cause actual results to be materially
different from those described herein as anticipated, believed,
estimated or expected. Certain of these risks and uncertainties are
or will be described in greater detail in our filings with the
Securities and Exchange Commission. China Marine Food Group Limited
is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements
whether as a result of new information, future events or otherwise.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction.
For more information, please contact:
COMPANY
Marco Hon Wai Ku, CFO
Suite 815, 8th Floor
Ocean Centre, Harbour City
Tsimshatsui, Kowloon, HONG
KONG
Tel: +852-2111-8768
Email: marco.ku@china-marine.cn
Web: www.china-marine.cn
INVESTOR RELATIONS
John Mattio, SVP
MZ North America
Tel: +1-212-301-7130
Email: john.mattio@mzgroup.us
Web: www.mzgroup.us
SOURCE China Marine Food Group