-- began distribution into the Hong Kong market and expect these sales to increase in the upcoming fiscal quarters; -- added new product lines to our traditional West Coast markets; and -- introduced fresh scallop meat into high-end restaurants in Toronto and Montreal and frozen-on-the-half-shell product into the lucrative markets of the eastern United States and Canada.""Moreover," Mr. Saunders added, "in late March, we received approval from the British Columbia government to convert our largest scallop farm to the off-bottom growing technique, which we expect will increase our farm capacity by 300% and add 20 million scallops to the harvest cycle. This is another important step in expanding our production and, coupled with our new processing plant and new marketing efforts, will help drive revenue increases, Company growth and shareholder value for the rest of 2008 and thereafter." About Edgewater Foods International, Inc. Edgewater Foods International Inc., a Nevada Corporation, is the parent company of Island Scallops Ltd. ("ISL"), a Vancouver Island aquaculture company. Established in 1989, ISL has successfully operated a scallop farming and marine hatchery business for over 18 years. ISL's facilities represent the largest private marine research hatchery and the first fully integrated shellfish producer in Canada. Edgewater Foods is dedicated to the farming, processing and marketing of high quality, high value marine species: scallops and sablefish. Farmed Pacific scallops are unique to North America, and Edgewater is the predominant producer of live-farmed Pacific scallops. The Pacific scallop is a hybrid developed by ISL through extensive research and development and proprietary hatchery technology that significantly increases growth yields while resisting disease. It is one of the largest scallops in the world, reaching about 15 cm in size and more than 1 pound in weight. The Company believes there is virtually no existing competition for producing this scallop. Edgewater is committed to rapidly expanding production and profits and financing aggressive growth, while maintaining quality and a healthy respect for a clean, sustainable marine environment. Scallop farming is inherently a "green," environmentally sustainable industry. Scallops require clean water to grow and can only be harvested from clean waters. No chemicals or food are added to the environment, and cultured scallops are an organic food product. All scallop seed is produced in the Island Scallops' hatchery, so no native populations are exploited. To learn more about Edgewater Foods International, Inc., please visit the company's Web site at http://www.edgewaterfoods.com. To receive email updates about the company and to be added to Edgewater Foods International Inc. investor lists, please sign up at www.CFSG1.com or contact Adam Brooks at abrooks@CFSG1.com. Forward-Looking Statements Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations. Pursuant to an April 1, 2008 contract, Consulting For Strategic Growth 1, Ltd. ("CFSG1") provides Edgewater Foods International, Inc. ("the Company") with consulting, business advisory, investor relations, public relations and corporate development services. Independent of CFSG1's receipt of cash compensation from the Company, CFSG1 may choose to purchase the Company's common stock and thereafter liquidate those securities at any time it deems appropriate to do so.
Contact Information: Contacts: Company Contact: Edgewater Foods International Inc. Rob Saunders Chairman, CEO & President Tel: 250-757-9811 Fax: 250-757-8370 Website: http://www.edgewaterfoods.com Tom Bostic Tel: 1-800-793-0087 Investor Relations: Stanley Wunderlich CEO Consulting for Strategic Growth I Tel: 1-800-625-2236 Fax: 1-646-205-7771 Email: Web site: http://www.cfsg1.com Media Relations: Daniel Stepanek CFSG1 Tel: 1-646-205-7767 Fax: 1-646-205-7771 Email: