Press Releases

The Feinstein Group Takes Over Fresh Catch
March 4, 2014

The Fresh Catch Tilapia Farm in La Democracia will be going back into operation and the man at the helm will be developer Mike Feinstein. Feinstein told 7News that the deal was finalized last Friday and his group will bring everything back into operation and expects to be harvesting in about a year.

That's a dramatic change for the company that's been in receivership after the First Caribbean Bank foreclosed on it in 2010. That was under the Mena group. The Mena's had financing difficulty but still they were doing 4.3 million pounds of fish at their peak in 2008 - and Feinstein told us he is confident he can bring it back.

Feinstein says he will be rehabilitating the farm and within three to four weeks he will be importing fish and putting them back into the ponds.

And so what's the price? Well, Feinstein is sure to be getting it on the cheap at a distress price. At its inception, before expansion the farm was valued at 36 million Belize dollars and in 2011, the Mena's tried to bring it back with a 15 million dollar buyout form the bank, which was said to be a price of 38 cents on the dollar. That attempt failed.

Feinstein told us that pond rehabilitation started yesterday. The buyout is seen as a major shot in the arm for a fish farming industry that had died off.

See the original post here http://7newsbelize.com/sstory.php?nid=28076

Mexican tilapia farm to supply West Coast
By SeafoodSource staff

American seafood farming company Tropical Aquaculture Products has announced a partnership with a new tilapia farm in Mexico.

The company has begun operations at Acuicola Gemso, producting tilapia in a cage system in the Novillo Reservoir, east of Hermosillo, Sonora, Mexico. The company expects a new processing facility to open in early 2015.

Gemso has been producing tilapia for nearly five years, and claims to not use any preservatives or gases that may alter, extend or prolong natural color or shelf life.

Tropical Aquaculture, in a statement, said the company is planning for its first audit for the Global Aquaculture Alliance's Best Aquaculture Practices certification. The company expects to have the certification by May of 2014.

Tropical Aquaculture expects to be able to use the farm to supply Tilapia to the U.S. west coast. - See more at: http://www.seafoodsource.com/en/news/aquaculture/25644-mexican-tilapia-farm-to-supply-west-coast#sthash.86C6jvwZ.dpuf

Published on 03 March, 2014 at http://www.seafoodsource.com/en/news/15-aquaculture/25644-mexican-tilapia-farm-to-supply-west-coast?utm_source=Informz&utm_medium=Email&utm_campaign=Insert+Campaign+Name+here

NEWS RELEASE
PENTAIR AQUATIC ECO-SYSTEMS, INC. PURCHASES ASSETS OF EMPEROR AQUATICS, INC.

SANFORD, NC – February 13, 2014 — Pentair Aquatic Eco-Systems, Inc. announced today it has purchased the assets
of Emperor Aquatics, Inc. (EAI), a leading supplier of UV disinfection and water filtering solutions, on December 31,
2013. EAI is headquartered in Pottstown, Pennsylvania.

With the addition of EAI, Pentair is well positioned to address the growing concerns over biosecurity in Aquaculture
and the increased use of UV disinfection in the Pool industry. “This acquisition provides entry into the growing UV
market and is the perfect complement to our existing commercial sanitization products,” said Karl Frykman, President
of Pentair Aquatic Systems.

By establishing a UV center of excellence, Pentair Aquatic Eco-Systems looks to continue development of tailored
engineered solutions across all industries.

Robert D. Miller, Chief Financial Officer of Pentair’s Aquatic Systems business, leads the day-to-day operations of
Pentair Aquatic Eco-Systems, including EAI.
ABOUT PENTAIR AQUATIC SYSTEMS
Pentair Aquatic Systems provides leading edge equipment, accessories and water technology solutions to the
swimming pool, aquaculture and environmental water monitoring industries. Aquatic Systems produces a broad line
of products from pumps and filtration equipment to thermal products, automated controls, lights, automatic cleaners,
water purification and treatment technology, UV sterilizers, electromagnetic flow meters, irrigation controls, and
more. Applications for Aquatic Systems products include maintenance, repair and renovation of existing in-field
equipment, as well as planning and engineered solutions for new installations in North America, Europe, and emerging
markets such as China, Latin America and other countries.
ABOUT PENTAIR LTD.
Pentair Ltd. (www.pentair.com) delivers industry-leading products, services and solutions for its customers’ diverse
needs in water and other fluids, thermal management and equipment protection. With 2013 revenues of $7.5 billion,
Pentair employs more than 30,000 people worldwide.

PENTAIR CONTACT:
Rebecca Osborn
Senior Manager, External Communications
Direct: 763-656-5589
Email: rebecca.osborn@pentair.com