China Marine Food Group Limited (OTC BB: CMFO) is a leading seafood producer in the PRC, engaging in the processing, distribution and sales of processed seafood products as well as the sales of fresh marine catch. China Marine has 18 products, comprised of dried and frozen processed seafood, which are sold under its well-known Mingxiang” brand to approximately 59 distributors and 1,200 retail points, including major supermarkets such as Wal-mart and Carrefour. The company has received “The Famous Brand” and “Green Food” awards. The Company is strategically located in Fujian Province, one of the nine largest coastal provinces in the PRC and is 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 the EU export registration. During the past few years, the company has averaged net profit margins and ROE (return on equity) in excess of 25% and 75%, respectively. The company recently raised $20 million to expand its production and storage capabilities, in addition to providing working capital, which will facilitate future growth.
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