🚀 go-pugleaf

GLOBAL SEAFOOD TECHNOLOGIES  (GSFT-OTCBB)

Global Seafood Technologies just became fully reporting and newly listed on the NASDAQ Over -The-Counter Bulletin Board. The company, who's revenues increased over 500% from 1995 to 2000, just completed two years of investment into two new markets: aquaculture and their premium salt water bait line "Killer Bee Bait" and are poised to reap their benefits. While these investments stymied profit growth until recently, the billion dollar bait market has responded enthusiastically to GSFT's new line. Over 500 outlets now carry the product line including Wal*Mart, K-Mart, Boaters World and many others. Sales of the Killer Bee Bait have increased 220% in the first six months of this year, over a comparable period last year !

The company's aquaculture line may prove to be the pearl in the GSFT portfolio as the growth of fresh water shrimp is expected to be a multi-billion dollar market worldwide. U.S. based aquaculture of fresh water shrimp has many advantages- including shipping costs, virus resistance,  fast growth rates- and is expected to take a significant market share of the $2.5 billion dollar domestic shrimp market in the next five years. Golbal Seafood Technologies will be turning their first commercial production, revenue producing run this quarter. The company also has a strong aquaculture expansion plan in place based on early results.

Because earnings lagged as the company invested heavily in these new areas over the past couple of years, the stock is trading at an extremely low multiple. We rate it as a strong buy and anticipate it to return to it's 1996 level of $7 a share over the next 6 to 12 months.






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