Miami, FL, August 20, 2024 (GLOBE NEWSWIRE) — Blue Star Foods Corp. (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC)an integrated sustainable seafood company with an environmental, social and governance (ESG) focus and a concentration in recirculating aquaculture systems (RAS), has taken a significant step to improve its financial position by reducing $645,668 in liabilities following its recent closure on August 14.th Completion of its Form 10-Q for the quarter ended June 30, 2024. This move is part of Blue Star’s comprehensive strategy to improve its financial health, which is focused on reducing debt and increasing equity.
John Keeler, Chairman and CEO of Blue Star Foods, commented, “By reducing our debt by $645,668, management has demonstrated our commitment to strengthening Blue Star’s balance sheet and reinforcing its financial foundation to ultimately deliver growth value for our shareholders.”
About Blue Star Foods Corp. (NASDAQ: BSFC)
Blue Star Foods Corp. is an integrated environmental, social and governance (ESG) sustainable seafood company with a focus on recirculating aquaculture systems (RAS) that processes, packages and sells high-quality seafood products. The Company believes it uses best-in-class technology in both resource sustainability management and traceability and ecological packaging. The Company also owns and operates the oldest continuously operating recirculating aquaculture system (RAS) salmon farm in North America. The Company is based in Miami, Florida and its corporate website is: https://bluestarfoods.com
Forward-looking statements:
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements that do not relate purely to historical or current facts, including, but not limited to, statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue,” or the negative versions of these words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could materially affect current plans. Risks related to the Company’s business are described in detail in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation, and expressly disclaims any such obligation, to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
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