Umam

[STOCKMAN]

Keep Your eyes on this one... Imo were going to be seeing some great things with this company.



Lions Gate Lighting Corp. ('LNLT') Completes Its Name Change to Umami Sustainable Seafood Inc. ('UMAM')



Press Release Source: Umami Sustainable Seafood Inc. On Friday August 20, 2010, 8:41 am EDT
NEW YORK, Aug. 20 /PRNewswire/ -- Lions Gate Lighting Corp. (previously OTC BB- LNLT) today announced that it has completed its corporate name change to Umami Sustainable Seafood Inc. In connection with the name change, the Company also received approval by FINRA to begin trading under a new ticker symbol ("UMAM"), effective as of the open of business today.

The name more clearly reflects the Company's new business as a leading company in the production of sustainable sashimi grade bluefin tuna.

Umami is a word borrowed from the Japanese culture, meaning the harmonious fifth flavor. Umami can also mean good taste; delicious; skill and profit.

For more information, please visit:

Umami Sustainable Seafood



Or contact:


Karl Petur Jonsson


Tel.: +354 6640000


email: karl@atlantis-ltd.com




About the Company

The Company owns and operates Kali Tuna, which is an established Croatian-based aquaculture operation raising Northern bluefin tuna in the Croatian part of the Adriatic Sea. The Company holds 33% of and options to buy the remaining 67% of Baja Aqua farms, an established Mexican aquaculture operation. The Company intends to become the leader in the Northern bluefin tuna industry by acquisition and internal growth. The growth of the Company will be founded on the sustainable management of resources and economically sound practices , seeking opportunities resulting from market consolidation and scientific progress in the industry

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[mickymoose99]

Umami Sustainable Seafood Inc. Announces Completion of Private Placement
.
Companies:UMAMI SUSTAINABLE SE.Related Quotes
Symbol Price Change
UMAM.OB 3.00 0.00


{"s" : "umam.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00", "o" : "","j" : ""} Press Release Source: Umami Sustainable Seafood Inc. On Tuesday August 24, 2010, 11:11 am
NEW YORK, Aug. 24 /PRNewswire-FirstCall/ -- Umami Sustainable Seafood Inc. ("Umami" or the "Company") (OTC Bulletin Board:UMAM.OB.ob - News) today announced that the Company has ended its private placement financing which raised total cash proceeds of approximately $8.7 million. As previously announced, this private placement was partially completed in June 2010 in conjunction with the closing of a share exchange among the Company and Atlantis Group that resulted in Kali Tuna becoming an indirect wholly owned subsidiary of Umami.

In announcing these developments, Mr. Steindorsson, the Company's President and Chief Executive Officer, stated: "I am very pleased to report the completion of the first stage of our financing program which has enabled us to acquire a 33% interest in Baja Aquafarms, the leading producer of Pacific Bluefin Tuna in Mexico, with the option to acquire the remaining 67% by September 15, 2010. With the benefit of this acquisition, Umami has already become a very significant world supplier of bluefin tuna."

Mr. Steindorsson continued: "We have built this platform through the combined experience of our management team based in Croatia and Mexico, which has been active in the business for more than 25 years. Our extended cycle farming process of up to 3 years is among the longest in the industry. In addition, our strict adherence to quota in all fishing areas where we operate, together with operational technology developed in conjunction with leading Bluefin research, has resulted in a sustainable model, which we hope will become the foundation of the industry. We believe that with the role as one of the leaders in the field of bluefin tuna farming, comes the responsibility to operate a sustainable model. This is not new to us, having run our Croatian operations for five years, all the while having pressed for lower quotas and stricter control mechanisms, to ensure the durability of the resource."

"I am also pleased to report that Baja has just completed one of the most successful fishing seasons on record in Mexico, and this should result in a very successful year financially. Our Japanese customers, to whom we sell under long term contracts, remain our key customers, and the recent increases in the market price for premium Bluefin products in Japan are expected to significantly increase the profitability of our operations."

Mr. Steindorsson concluded: "I am very pleased to be making what is effectively our first operational release as a public company. Given developments in the world food market, particularly the emphasis on environmental impact and sustainability, we at Umami believe that intelligent and sensitive development of the Bluefin Tuna industry can present a key source of low environmental impact, high quality fish product. Umami, with its highly successful and sustainable platform intends to be at the forefront of the process."

For more information, please visit: Umami Sustainable Seafood


Or contact:

Karl Petur Jonsson

Tel.: +354 6640000

Email: karl@atlantis-ltd.com

[sarahpeterson]

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