BUCHAREST, Romania, Nov. 9, 2015 /PRNewswire/ -- AgriEuro Corp. (OTCQB: EURI) today announced aquaculture plans for its tanks and water canals.
The company plans to use its tanks for the farming of Pike, Crucian, Carp and Bream which will all thrive in this environment.
The company estimates that it will be able to utilize 3.3 million cubic meters of water at a production ratio of half a kilogram of fish per cubic meter. It can farm about 1,600 tons a year and sell it at 2.5 euros per kilogram resulting in potential revenues reaching 4 million euros annually.
These estimates only take into consideration the company's fish farming but the potential uses for the tanks also include other non-fish species such as clams, crabs, frogs, ducks and geese.
"The company will efficiently utilize its 25 km dam, tanks and canals to maximize production. I expect that we'll continue finding new ways of monetizing this property as we get further into the development stages" Radu Cosmin Monda, CEO of AgriEuro Corp.
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. AgriEuro can be visited online at 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.