JACKSONVILLE, Fla., Jan. 11, 2012 (GLOBE NEWSWIRE) -- Mariner's Choice International, Inc. (Pink Sheets:MCII), a North American manufacturer of an extensive line of ecologically-safe products for the marine and other industry segments, including bioremediation, today issued a letter from the Company CEO Amie Hingston:
On behalf of the Company, I wish to extend our best wishes for a healthy and prosperous year ahead and take this opportunity to express our appreciation to our shareholders and associates for their continued support.
In the letter issued this time last year, we touched on the new initiatives that had been embarked upon, one of which was our focused effort on marketing MUNOX® SR, a high performance microbial bioremediation product. Our efforts began showing results in the second half of 2011. We have appointed a distributor in Trinidad and delivered an initial shipment to them. Two shipments were also sent to Jamaica for orders that came through a multinational environmental service company - Mariner's Choice is now a listed vendor with them.
Since late last year, we have been in discussions with a distributor in Curaçao, who is working on a bid for a large scale clean-up. This distributor has obtained clearance from its Ministry for two of our products, and I am happy to say that an order from them is anticipated within the first quarter of this year.
All of these came as a direct result of the Caribbean pilot test we conducted in April 2011, which was undertaken with the help of our partners, NRG Save Inc., and CL Solutions LLC.
So, what lies ahead in 2012:
Our key focus remains on MUNOX® SR. We have been receiving enquiries on our products and expertise for projects in various parts of the world. Currently, we're in discussions with interested parties from across Canada (northern Ontario, Saskatchewan, Alberta and BC), Europe, Africa, South America, and Middle East, offering a wide range of potential projects. Any of the projects would represent a significant revenue opportunity for us.
In the near term, we expect great results from our ongoing talks in Curaçao, where the distributor is expected to commence a planned pilot test with the largest oil refinery in the region. We are optimistic about the forthcoming remediation contracts pending successful test results.
Furthermore, we are extremely fortunate to have formed partnerships in 2011 for product development, sales and marketing purposes. These relationships offer many advantages, such as shared market information, access to varied resources and expertise. There is a planned launch of a new line of innovative products currently being field-tested.
Exciting new growth prospects are in this year's business pipeline and we will keep you apprised of new developments as they unfold.
About Mariner's Choice International, Inc.
Mariner's Choice manufactures and markets high-performance, ecologically safe commercial, industrial and retail products utilizing leading-edge readily biodegradable technologies. Each product is tested to exacting standards and superior performance levels that often exceed those of comparable products that contain harmful compounds or ingredients. Some of the company's "green" products employ nanotechnology. For more information, please visit www.marinerschoice.net.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of Mariner's Choice International, Inc. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.