JACKSONVILLE, Fla., Feb. 1, 2012 (GLOBE NEWSWIRE) -- Mariner's Choice International, Inc. (Pink Sheets:MCII), a North American manufacturer and distributor of an extensive line of ecologically-safe products for the marine and other industry segments, today announced that it is holding its authorized shares at 100,000,000.
"This is to communicate to our shareholders and the investment community that the Company is committing to keeping the authorized shares where it is, for 2012," said Amie Hingston, President & CEO. "Currently, issued and outstanding shares total 96,675,357, and the float is 56,266,839 shares, as reported on OTC Markets. The number of shares in CEDE, as at December 31, 2011, is 48,983,474."
The Company expects to launch initiatives that will enable management to fuel corporate growth strategy for 2012. Announcements will be made accordingly.
On another front, the Company is currently in discussions with a European company about a bi-lateral agreement. Once an agreement is in place, growth opportunities for the Company should be magnified.
About Mariner's Choice International, Inc.
Mariner's Choice manufactures and markets high-performance, ecologically safe commercial, industrial and retail products utilizing leading-edge readily biodegradable technologies. Each product is tested to exacting standards and superior performance levels that often exceed those of comparable products that contain harmful compounds or ingredients. Some of the company's "green" products employ nanotechnology. For more information, please visit www.marinerschoice.net.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of Mariner's Choice International, Inc. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.