BUCHAREST, Romania, Dec. 11, 2015 /PRNewswire/ -- AgriEuro Corp (OTCQB: EURI) today announced that it has begun building its aquaculture project. The company plans to complete the construction of the fish pools and renovation of the dams as fast as possible in order to bring this potential revenue stream into production.
The company has acquired large pieces of equipment to aid it in the completion of the works and the on-going maintenance of those assets.
AgriEuro estimates that it will be able to finish renovating 10 kilometers of dam and 740 acres of channels before the end of the month, resulting in 2 active fish pools.
Mr. Radu Cosmin Monda, Chief Executive Officer mentioned: "AgriEuro is moving very quickly and efficiently to monetize the assets it owns, and the whole team is very motivated about this project. The majority of fish consumption in the next 20 years will be from farmed sources."
About AgriEuro Corp
AgriEuro Corp operates in the agricultural, aquaculture and tourism industry in Europe. The company's flagship property is located at the junction of the Danube delta and the Black Sea and encompasses a variety of currently revenue-producing and soon-to-be producing businesses. It spans over 4,200 acres on a Unesco World Heritage site. Investors can visit the company's website at http://www.AgriEuroCorp.com
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by AgriEuro Corp may not proceed as contemplated, and by all other matters and assumptions specified in AgriEuro's filings with the Securities and Exchange Commission, especially those risks and other matters described under "Risk Factors" within AgriEuro's Form 10-Q filed with the Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. AgriEuro does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.
SOURCE AgriEuro Corp