China Marine Food Responds to Radiation Concerns

Mar 18, 2011, 07:30 ET from China Marine Food Group Limited

SHISHI, China, March 18, 2011 /PRNewswire-Asia-FirstCall/ -- China Marine Food Group Limited (NYSE Amex: 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 responded to shareholder concerns over possible radiation contamination of its seafood supplies.

"Our supplies of raw fish and seafood come from the Taiwan Strait, which is located between Taiwan and Fujian Province, China and thus pose no threat of contamination. In addition, this area maintains a separate ocean current from those of the East Japan Sea. According to the nuclear radiation-monitoring station in Shanghai, large-scale and long-distance radiation spread is unlikely as the primary containment vessel and fuel rods in the nuclear plant in Japan were not damaged. Under the current circumstances, only those residents within 110 miles of the nuclear plant will be affected," stated Mr. Pengfei Liu, CEO and Chairman of China Marine.

"Furthermore, there has been no disruption in the buying pattern of our customers and we do not anticipate one will occur," Mr. 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 seven provinces in the PRC. Founded in 1994, China Marine has grown steadily and positioned its Mingxiang® brand as a category leader in 3,200 retail food sales points and 13,000 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.

For more information, please contact:

Company

Mr. Marco Hon Wai Ku, CFO

China Marine Food Group Limited

Suite 815, 8th Floor

Ocean Centre, Harbour City

Kowloon, HONG KONG

Tel:   +852-2111-8768

Email: marco.ku@china-marine.cn

Web:  http://www.china-marine.cn

Investor Relations

John Mattio, SVP

HC International, Inc.

Tel:    US +1-203-616-5144

Email: john.mattio@hcinternational.net

Web: http://www.hcinternational.net

SOURCE China Marine Food Group Limited



RELATED LINKS

http://www.china-marine.cn