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We are an integrated aquatic product producer and processor in the PRC of toxin free tilapia, other aquatic products and marine bio and healthcare products. We use state-of-the-art and environment-friendly technologies in our production and processing operations.
Our facilities are certified according to the HACCP standards, have been assigned an EU code required for exporting aquatic products to the EU, and are in the process of being certified in accordance with the ACC standards. This certification is also verified and certified by the United Satets Department of Commerce under its International Seafood inspection program, a certification dear to many US based retailers. Further certification for the British Retail Consortium Standards (BRC) and Ethical Trade Implementation (ETI) and Organic Certification of a portion of our products raises our production to standards of scrutiny that are increasingly part of normal business practices in Europe. Our products are sold principally to customers in North America, Europe and Asia.
Established in 1999, our aquatic farming and processing operations are in Hainan Province, an island in the South China Sea which is situated within the most desirable latitude for raising tilapia. Hainan Province in southern China is designated by the Chinese government as a green province, where environmentally friendly agri-food related industry is encouraged. We purchase and process farm-raised aquatic products through cooperative supply arrangements with local farmers and cooperatives. Our supply cooperatives, under our guidance, use feed formulated to optimize natural toxin-free growth, thus raising toxin free tilapia. Our tilapia products have achieved such a high level of purity that we have successfully begun marketing these products as toxin free and natural.
In August 2004, the company acquired Hainan Jiahua Marine BioProducts Co. Ltd. which develops, produces and sells marine bio and healthcare products in China. The principal products of Jiahua Marine are shark cartilage capsules and shark liver oil products which are distributed exclusively in China. The products undergo substantial independent laboratory testing in China administered by the Ministry of Health in China and have resulted in a PRC National Certification for these products. These products have various medicinal and health benefits. The plant also manufactures feed additives for aquaculture operations. We are expanding the range of fish by-products produced by these facilities to include the following Tilapia by-products;
- Collagen creams from the scales, skin and head of Tilapia;
- Calcium supplements from the bones of Tilapia (much in demand in China where many people are ¡®lactose intolerant¡¯ and through longer lives require more in the way of supplements for increasingly brittle bones);
- Fish oils and fish protein powders from the viscera of Tilapia, for human consumption;
- Alzheimer treatment products from the vital proteins of the fish.
We have commenced branding and marketing of our high quality, differentiated tilapia products under the name TILOVEYAT from our new United States headquarters based in Seattle, Washington.
Our subsidiary, Jiahua Marine, has been designated by both the Wenchang Municipality and the Hainan Province as a "Dragonhead Enterprise" in our field of production of aquaculture tilapia, shrimp and our fish processing methods. Such awards are typically given to the leading enterprises in each field and each locality based on a comprehensive evaluation of their strength, potential and contribution to the local economies according to an evaluation system used by all levels of government. This distinction signifies that the government awarding the designation is interested in its recipient's involvement in the development of the aquaculture industry in the PRC.