ORLANDO, Fla., May 4, 2007 (PRIME NEWSWIRE) -- RedChip Companies, Inc. announced today that Robert Saunders, CEO of Edgewater Foods International, Inc. (OTCBB:EDWT), was featured in an exclusive interview with RedChip Radio(tm), a radio news forum addressing general market and small-cap news. Additionally, RedChip Radio(tm) features interviews with CEOs and prominent small-cap executives.
Topics covered during the interview include the Company's year end financials, as well as short and long-term strategic objectives for the Company.
To hear the interview in its entirety, visit: http://www.redchip.com/visibility/investor.asp?symbol=EDWT&daily=20070504&from=pr0504.
About Edgewater Foods International, Inc.
Edgewater Foods is the predominant producer of live "in the shell" scallop products in North America. There are no known direct competitors in the scallop farming business in British Columbia and ISL is the only hatchery producing the Pacific scallop. The Company sells scallop seed to a number of small independent scallop growers who sell their products into the same marketplace; however, production from these growers totals less than 500,000 scallops per year. Five British Columbia joint venture farmers are currently farming scallops and receive scallop seed, technology, and support in an arrangement with ISL.
ISL currently distributes the scallops through specialty wholesalers with particular expertise in selling to restaurants, and has developed a market for whole live scallops that exceeds 5,000 lbs. per week into Vancouver. As distribution is expanded, the Company will continue to focus on specialty wholesalers with strong ties to major restaurants.
ISL, a Vancouver Island aquaculture company, was established in 1989 and for over 15 years has successfully operated a scallop farming and marine hatchery business. ISL's scallop farms are situated along both the east and west coasts of Vancouver Island. These facilities represent the largest private marine research hatchery and the first fully integrated shellfish producer in Canada.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.
"Discovering Tomorrow's Blue Chips Today." (tm)
Edgewater Foods International, Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. EDWT paid RedChip Visibility $28,800 for the RedChip Visibility Research Program, which includes this report. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the Aurelius Consulting Group is an investor relations firm hired by the Company and receives 25,000 shares of Rule 144 stock per quarter for investor relations services.