Open Blue Sea Farms is seeking $6 million in capital to expand its open ocean aquaculture operations in Panama. It currently has 45,000 cobia fish and plans to dramatically expand production. Open Blue aims to reliably supply the growing premium fish market with environmentally sustainable farmed seafood. Its competitive advantages include conducting deep ocean aquaculture in a natural environment for fish and vertically integrating operations. The funding will allow Open Blue to develop its production capacity, infrastructure, marketing, and work towards profitability and market dominance.
'cAP Farms' (CameronAP-Aquaponics) in Canada & the Caribbean [fish and vegetable farming].
‘cAP Farms’ desires to enhance a fish and vegetable farming facility developed in Barbados for use in non-tropical climates such as those in Canada.
Opportunity exists to have a high Return on Investment from both Canadian & Caribbean facilities.
'cAP Farms' (CameronAP-Aquaponics) in Canada & the Caribbean [fish and vegetable farming].
‘cAP Farms’ desires to enhance a fish and vegetable farming facility developed in Barbados for use in non-tropical climates such as those in Canada.
Opportunity exists to have a high Return on Investment from both Canadian & Caribbean facilities.
Welcome to Expert Topic, a new feature for International Aquafeed. Each issue will take an in-depth look at a particular species and how its feed is managed.
Back in the 13th century, maybe even earlier, it has been recorded that when people travelled in Europe they were often given dried seaweed on arrival at their destination to nourish them after their tiring efforts.
Seafood is very important part of people's diet around the world. There needs to be a world-wide strategy that supports practices that encourage best practices when it comes to managed the aquatic life around the world.
Seattle Fish Company of New Mexico A Commitment to Sustainable Seafo.pdfaloeplusint
Seattle Fish Company of New Mexico: A Commitment to Sustainable Seafood
INTRODUCTION Established in 1987, Seattle Fish Company of New Mexico distributes fresh
and frozen fish and seafood to supermarkets, hotels, and restaurants across New Mexico and
West Texas. Although there are several Seattle Fish Companies located across the United States,
Seattle Fish Company of New Mexico is independently owned and operated. Seattle Fish
Company of New Mexico has estimated annual sales of \$20-50 million and 51 total employees.
Seattle Fish Company of New Mexico's slogan, "Sourced globally. Delivered locally" captures
this company's commitment to providing the highest quality seafood through global sourcing and
traceability to ensure freshness. Although this company is fairly small, it has a big impact on the
social issues of sustainable seafood and is a shining example of a sustainable company based in
New Mexico. Sustainability refers to the potential long-term well-being of the natural
environment as well as the interaction among nature and individuals, organizations, and business
strategies. Sustainable business practices include the assessment and improvement of business
strategies, economic sectors, work practices, technologies, and lifestyles while maintaining the
natural environment. The nature of the seafood industry and international fishing markets create
unique challenges for Seattle Fish Company of New Mexico in terms of sustainability and social
responsibility. These challenges include sourcing seafood products that are farmed or fished in
environmentally and socially responsible ways. This is a major concern because overfishing
threatens entire populations of fish species and possibly the future viability of commercial
fishing. In order to protect the security of the fishing industry and future seafood supplies,
immediate and drastic changes are needed from the fisheries to the end consumer. Fortunately,
Seattle Fish Company of New Mexico's CEO, President, and co-founder, Craig Risk, has met
these challenges with forward-thinking initiatives aimed at making the company a leader in
sustainability. Seattle Fish Company of New Mexico was the first New Mexico food distributor
to receive the Marine Stewardship Council (MSC) Chain of Custody certification, allowing them
to offer fully traceable, certified sustainable seafood. This certification, along with partnerships
with national and local environmental organizations, shows that the company is committed to the
wellbeing of the natural environment as well as their consumers. Although Seattle Fish Company
of New Mexico is only one organization, it influences members of its supply chain and other
important stakeholders to make positive impacts on the commercial fishing and food service
industries and within the local community. SEAFOOD PROCESSING AND SAFETY Seattle
Fish Company of New Mexico is an industry leader in seafood distribution in the Southwest. The
company's organizational culture pro.
Management briefing from Innovation Forum on seafood and aquaculture sustainability, highly relevant for the US market and global companies working in seafood sustainability and CSR.
Seven Ways To Get Ahead in Business:
1. Be forward thinking
2. Be inventive, and daring
3. Do the right thing
4. Be honest and straight forward
5. Be willing to change, to learn, to grow
6. Work hard and be yourself
7. Lead by example
― Germany Kent
Bob Rheault, "The Future of Shellfish in Rhode Island," Baird Symposium riseagrant
Bob Rheault, Executive Director of the East Coast Shellfish Growers Association
Topics: aquaculture, fisheries, fisheries enhancement, challenges and opportunities for shellfish farmers and shellfishermen in Rhode Island
Calysta, the company developing and introducing a new protein source based on single-cell organisms - a bacterium called methylococcus – and destined for inclusion in fishfeeds, has built a ‘market introduction facility’ in Teesside, England, with production beginning in this last quarter of 2016.
Welcome to Expert Topic, a new feature for International Aquafeed. Each issue will take an in-depth look at a particular species and how its feed is managed.
Back in the 13th century, maybe even earlier, it has been recorded that when people travelled in Europe they were often given dried seaweed on arrival at their destination to nourish them after their tiring efforts.
Seafood is very important part of people's diet around the world. There needs to be a world-wide strategy that supports practices that encourage best practices when it comes to managed the aquatic life around the world.
Seattle Fish Company of New Mexico A Commitment to Sustainable Seafo.pdfaloeplusint
Seattle Fish Company of New Mexico: A Commitment to Sustainable Seafood
INTRODUCTION Established in 1987, Seattle Fish Company of New Mexico distributes fresh
and frozen fish and seafood to supermarkets, hotels, and restaurants across New Mexico and
West Texas. Although there are several Seattle Fish Companies located across the United States,
Seattle Fish Company of New Mexico is independently owned and operated. Seattle Fish
Company of New Mexico has estimated annual sales of \$20-50 million and 51 total employees.
Seattle Fish Company of New Mexico's slogan, "Sourced globally. Delivered locally" captures
this company's commitment to providing the highest quality seafood through global sourcing and
traceability to ensure freshness. Although this company is fairly small, it has a big impact on the
social issues of sustainable seafood and is a shining example of a sustainable company based in
New Mexico. Sustainability refers to the potential long-term well-being of the natural
environment as well as the interaction among nature and individuals, organizations, and business
strategies. Sustainable business practices include the assessment and improvement of business
strategies, economic sectors, work practices, technologies, and lifestyles while maintaining the
natural environment. The nature of the seafood industry and international fishing markets create
unique challenges for Seattle Fish Company of New Mexico in terms of sustainability and social
responsibility. These challenges include sourcing seafood products that are farmed or fished in
environmentally and socially responsible ways. This is a major concern because overfishing
threatens entire populations of fish species and possibly the future viability of commercial
fishing. In order to protect the security of the fishing industry and future seafood supplies,
immediate and drastic changes are needed from the fisheries to the end consumer. Fortunately,
Seattle Fish Company of New Mexico's CEO, President, and co-founder, Craig Risk, has met
these challenges with forward-thinking initiatives aimed at making the company a leader in
sustainability. Seattle Fish Company of New Mexico was the first New Mexico food distributor
to receive the Marine Stewardship Council (MSC) Chain of Custody certification, allowing them
to offer fully traceable, certified sustainable seafood. This certification, along with partnerships
with national and local environmental organizations, shows that the company is committed to the
wellbeing of the natural environment as well as their consumers. Although Seattle Fish Company
of New Mexico is only one organization, it influences members of its supply chain and other
important stakeholders to make positive impacts on the commercial fishing and food service
industries and within the local community. SEAFOOD PROCESSING AND SAFETY Seattle
Fish Company of New Mexico is an industry leader in seafood distribution in the Southwest. The
company's organizational culture pro.
Management briefing from Innovation Forum on seafood and aquaculture sustainability, highly relevant for the US market and global companies working in seafood sustainability and CSR.
Seven Ways To Get Ahead in Business:
1. Be forward thinking
2. Be inventive, and daring
3. Do the right thing
4. Be honest and straight forward
5. Be willing to change, to learn, to grow
6. Work hard and be yourself
7. Lead by example
― Germany Kent
Bob Rheault, "The Future of Shellfish in Rhode Island," Baird Symposium riseagrant
Bob Rheault, Executive Director of the East Coast Shellfish Growers Association
Topics: aquaculture, fisheries, fisheries enhancement, challenges and opportunities for shellfish farmers and shellfishermen in Rhode Island
Calysta, the company developing and introducing a new protein source based on single-cell organisms - a bacterium called methylococcus – and destined for inclusion in fishfeeds, has built a ‘market introduction facility’ in Teesside, England, with production beginning in this last quarter of 2016.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
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𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
1. OPEN BLUE SEA FARMS EXECUTIVE SUMMARY!
SEPTEMBER 2, 2009
OPEN BLUE
S E A
F A R M S
Our mission is to reliably feed the growing premium fish market with a! natural, healthy, delicious
branded seafood, through environmenta!y safe and sustainable "ee range open ocean farming methods.
Open Blue has 45,000 cobia fish in Panama and is raising capital for dramatic expansion.
MARKET OPPORTUNITY
BUSINESS SOLUTION
The U.S. is the third largest global consumer of
fish and shellfish, behind Japan and China.
Americans consumed more than 2.2 million tons of
seafood in 2006 "" an amount that is expected to
double by 2020.
Open Blue Sea Farms, LLC has established an
environmentally sustainable aquaculture business in
Panama to provide premium products to U.S. and,
later, global customers. The Food and Agriculture
Organization of the United Nations implicitly
supports the choice of venue, predicting that Latin
America will be the world’s fastest growing
aquaculture region. Panama has some of the area’s
most modern and e&cient infrastructure,
transportation, utilities, telecommunications and
financial systems, along with ideal growing
conditions for a diversity of marine fish species.
Globally, wild fisheries have reached or exceeded
their maximum sustainable harvest; the United
Nations projects that seafood farming
#“aquaculture”$ must expand by 40 million tons by
2030 to meet growing demand. This situation, along
with the exploding green movement and swelling
spending on gourmet foods, has created a significant
opportunity to o%er premium, sustainable,
environmentally respectful, cultivated seafood
products to upscale segments that have grown
beyond niches and today constitute large,
mainstream markets. No dominant provider or
brand currently exists in these upscale niches.
!
COMPETITIVE ADVANTAGE
Open Blue conducts deep, open ocean
aquaculture to provide a natural and healthy
environment for fish, with minimal e%ects to the
surrounding ecosystem. Today, its 45,000 cobia
thrive in six large cages, in deep, pristine water with
strong currents far from shore. The Company will
integrate vertically, building and operating its own
hatchery, on"growing farm, and processing plant to
PAGE 1
2. OPEN BLUE SEA FARMS EXECUTIVE SUMMARY!
reduce costs, increase e&ciency,
mitigate risk and establish
dominant market positions
through production consistency
and large volume. It will leverage
Panama’s numerous transportation
options to optimize freshness and
minimize freight cost. Open Blue
will continually adopt innovative
technologies, methods, and
additional, promising species.
Brian O’Hanlon
is the Open Blue’s founder. He
also founded Snapperfarm, Inc.
in 1998 and has led it ever since,
as President and later as
Chairman. A trailblazer in
o%shore cobia aquaculture in
Puerto Rico, he brings critical
and hard"won experience to
Open Blue in Panama, which
will also farm cobia as its initial
product.
SEPTEMBER 2, 2009
such as red snapper, grouper, mahi
mahi, halibut, and Chilean sea
bass. Wild caught, the supply and
consistency of these fish are
limited. Farmed species such as
barramundi, yellowtail, and cod
have modest, albeit growing
supply, and are well accepted in
upscale markets.
Current, worldwide cobia
production is estimated to be
Targeted market segments
more than 20,000 tons. China
have a strong interest in seafood
leads, followed by several other
that is nutritious, great tasting,
Asian countries. Their products
versatile, and produced in an eco" are sold in local markets across
friendly manner. Open Blue will
Asia, with limited exports to the
have strong brands. Open Blue
U.S. as frozen loins or fillets. Due
Cobia will be positioned as high
to high air freight costs and very
quality and environmentally
long ocean transit times, it is
friendly, quickly establishing itself unlikely that fresh cobia from Asia
as a dominant, well"recognized
will ever enter the U.S. Based on
brand in the upscale market.
proximity, Open Blue will compete
more directly with Caribbean and
COMPETITION
Latin America producers,
Open Blue Cobia will compete estimated at less than 1,000 tons
with other species of high quality, in 2008. Currently, the largest is
premium"priced, fresh, white fish Marine Farms Belize. Other
COBIA IS THE SPECIES THAT CURRENTLY REPRESENTS THE GREATEST OPPORTUNITY.
Health Benefits - Open
Blue Cobia will have one of the
highest levels of heart-healthy
Omega-3 fatty acids of any
seafood and will be all natural
— free of hormones, pigments,
pesticides and genetic
modification and without
detectable levels of PCB's,
methyl mercury, or other
harmful contaminants.
Limited Competition At present, there are few
reliable, sustainable,
environmentally friendly
supplies of high quality
marine white fish species.
Desirable
Appearance,
Texture and Flavor
- The flesh of cobia is
white with hints of pink.
When cooked, it has the
mild flavor and firm
texture preferred by
most American
consumers.
!
Rapid Rate of Growth - Cobia grow
to more than 11 pounds in less than 16
months, providing superior efficiency for
labor and capital equipment. In contrast,
farmed salmon require 24 to 36 months
to reach 7 to 11 pounds.
Versatility - Cobia can
be grilled, broiled, baked,
pan-seared, barbecued,
smoked, and served raw as
sushi, sashimi and ceviche.
Proven Market Appeal - Open Blue's management
team produced over 80 tons of cobia, all of which was sold
to target customers, at upscale pricing, despite limited
marketing and sales support.
PAGE 2
3. OPEN BLUE SEA FARMS EXECUTIVE SUMMARY!
SEPTEMBER 2, 2009
Volume & Margin
15,000
$4.00
12,000
$3.00
9,000
$2.00
6,000
$1.00
3,000
0
$0
Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10
Volume (tons)
Cost
Price
Note that Y1 volumes are being been revised to 200T due to recent acquisition.
Revenue, G&A, Capex
$80,000
$60,000
$40,000
$20,000
$0
-$20,000
Y1
Y2
Y3
Y4
Revenues
Y5
Y6
Y7
G&A
Y8
Y9 Y10
Capex
Note that Y1 revenues are being been revised to #1m+ due to recent acquisition.
Cash Flow & EBITDA
$25,000
$20,000
$15,000
$10,000
$5,000
$0
-$5,000
Y1
Y2
Y3
Cash Flow
!
Y4
Y5
Y6
Y7
Y8
Y9 Y10
EBITDA
PAGE 3
4. OPEN BLUE SEA FARMS EXECUTIVE SUMMARY!
projects are planned or underway in Belize, Brazil,
Panama, Dominican Republic, Mexico, Martinique,
Puerto Rico, Columbia, Nevis, and the Bahamas.
These e%orts have been quite small, lack experience,
have a less sophisticated approach to marketing, and
neglect brand development.
Open Blue has not viewed these operations as
threats. In limited cases, they can be acquisition
opportunities. Currently, Open Blue is operating one
of these formerly competing farms in Panama with
an option to buy its assets for '1.3 million. That firm
realized that it lacked the necessary expertise after it
had spent '5 million.
INDUSTRY TRENDS
Aquaculture is the “blue revolution” of the 21st
century, paralleling the 20th century’s “green
revolution” in agriculture. Aquaculture is the fastest
growing form of animal food production. In 2006, it
contributed over 43( of the more than 106 million
tons of seafood consumed around the world. Over
the past two decades, many aquaculture species
including salmon, tilapia, catfish, yellowtail, and
shrimp have been developed into billion dollar
industries. Although far from that scale, cobia
aquaculture promises to come into its own. Cobia
shows significant potential for an unprecedented
SEPTEMBER 2, 2009
expansion due to its geographic distribution, rapid
growth rate, suitability for captivity, and culinary
attributes.
FINANCIAL REQUIREMENTS & USE OF
PROCEEDS
Open Blue was founded in 2007 to pursue marine
aquaculture opportunities internationally.
Management secured two rounds of funding from
Aquacopia Ventures I, LP: '215,000 in seed funding
in July 2007 and an additional '650,000 in October
2008. The firm has accomplished Phase I of its plan,
which included evaluation and permitting of suitable
farm, port, and hatchery facilities in Panama. Initial
permits for three sites with a combined production
capacity of more than 10,000 tons have been secured
along with property for port facilities. The Company
has also strengthened both its technical and
management team. Now, additional funding is
required to proceed with its phased development
plan.
The Company seeks '6.0 million to move
forward with Phase II. Use of capital from this
round is '3 million for plant, property and
equipment, '1 million for marketing and
administration, and '1.4 million for working capital.
Projections
(Note that Y1 revenues are being been revised to $1m+ due to recent acquisition).
Volume
Production
Cost
Price
Revenues
G&A, Sales
Capex
Cash Flow
EBITDA
tons
$/lb
$/lb
$000
$000
$000
$000
$000
Y1
0
N/A
N/A
0
1,034
3,046
(2,442)
(1,425)
Y2
538
3.32
3.87
4,166
1,769
2,750
(4,596)
(2,298)
Y3
1,945
2.52
3.42
13,305
1,992
4,053
691
372
Y4
3,071
2.03
3.24
19,872
2,206
1,431
2,912
3,496
Y5
4,352
1.86
3.10
27,014
2,336
2,904
5,479
6,220
Y6
6,293
1.79
3.02
37,977
2,803
2,905
6,409
9,578
Y7
7,842
1.75
2.98
46,690
3,364
5,375
10,459
12,051
Y8
9,019
1.74
3.01
54,324
4,037
3,405
13,776
14,640
Y9
10,371
1.68
2.95
61,255
4,643
2,505
15,937
17,052
Y1
0
!
11,927
1.64
2.94
70,015
5,339
2,575
18,873
20,298
PAGE 4
5. OPEN BLUE SEA FARMS EXECUTIVE SUMMARY!
SEPTEMBER 2, 2009
PHASED DEVELOPMENT
Phase 1
July 2007 to Today
Open Blue established the business platform
through permits, leases, land purchase, and detailed
resource planning. The Company strengthened its
management team and expanded administration. A
troubled farm is being acquired and its successful
turnaround is already underway, with approximately
45,000 fish are in the water. The largest will be
harvested this winter.
Phase II
Year 1 to Year 2
Open Blue develops its production capacity and
captures market opportunities. The elements of a
vertically integrated aquaculture business are put in
Phase
I
Y0
II
place. Aggressive investment in infrastructure,
capacity, and the development of the market and
brand are a quick push to profitability and
dominance.
Phase III
Year 2 to Year 3
Open Blue continues to grow, diversify, and
integrate, while improving e&ciencies.
Phase IV
Year 4 and beyond
Open Blue continues to grow and diversify
organically, while capitalizing on strategic
opportunities. It boldly introduces new species and
develops new sales channels outside of the U.S.
III
Y1
Y2
IV
Y3
Y4
+
Funding
Real Estate
Panama Team*
Infrastructure & Capacity*
First Stocking*
First Harvest & Sales
Brand Development
Cash Flow Positive
New Species
**
New Markets
**
Organic Growth &
Strategic Acquisitions
**
* Pristine Oceans transaction ** not included in financial projections
!
PAGE 5
6. OPEN BLUE SEA FARMS EXECUTIVE SUMMARY!
Non-Disclosure Agreement
This Business Plan is neither an o%er
to sell nor solicitation of an o%er to buy
shares of common stock. An o%er can be
made only by a private limited o%ering
within the guidelines of Section 4#2$ of the
Securities Act, Rule 506 of Regulation D.
Information contained in this
Business Plan is based upon company
estimates, plans, and projections. No
warranties are expressed or implied, about
the accuracy of the data, though every
reasonable e%ort has been made to verify
the data contained herein. No warranties
or guarantees are expressed or implied, on
a specific return on investment. If you
have any questions about this Business
Plan you should see a professional advisor
not limited to your attorney and/or CPA.
There can be no assurance that Open Blue
Sea Farms, LLC will raise the required
amount of capital. Therefore, in the event
Open Blue Sea Farms, LLC is unsuccessful,
all funds being held in escrow will be
returned no later than six months from the
date of notification.
Open Blue Sea Farms, LLC has not
authorized anyone to give any information
!
or make any representation about the
o%ering that di%ers from, or adds to, the
information in this Business Plan or the
documents that are publicly filed with the
SEC. Therefore, if anyone does give you
di%erent or additional information, you
should not rely on it. The delivery of this
Business Plan does not mean that there
have not been any changes in Open Blue
Sea Farms, LLC's condition since the date
of this Business Plan. If you are in a
jurisdiction where it is unlawful to o%er to
purchase or exercise the securities o%ered
by this Business Plan, or if you are a
person to whom it is unlawful to direct
such activities, then the o%er presented by
this Business Plan does not extend to you.
This Business Plan speaks only as of its
date except where it indicates that another
date applies. Documents that are
incorporated by reference in this Business
Plan speak only as of their date, except
where they specify that other dates apply.
The information in this Business Plan may
not be complete and may be changed. This
Business Plan is not an o%er to purchase or
exercise these securities and it is not
soliciting an o%er to purchase or exercise
these securities in any state where the
purchase or exercise is not permitted.
SEPTEMBER 2, 2009
This Business Plan is
copyrighted and the sole
property of Open Blue Sea
Farms, LLC.
It contains information that is
proprietary and confidential.
Dissemination in whole or in part, any
form or medium, is strictly prohibited
and unlawful unless authorized in writing
by an officer of Open Blue Sea Farms,
LLC. This copy must be returned
immediately to Open Blue Sea Farms,
LLC upon request.
PAGE 6