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Apr 15, 2016 11:41 EST

Gulf Marine Institute of Technology: GMIT Born in the USA – growing finfish & shrimp in the Gulf of Mexico

iCrowdNewswire - Apr 15, 2016

GMIT

GMIT

Born in the USA – growing finfish & shrimp in the Gulf of Mexico — offshore FlorAbama- to be USDA insured & investor backed by BP lawsuit

HIGHLIGHTS

  • 1st USACOE/EPA Okd – Huge Gulf sea farming project -to be USDA insured
  • Foreign Investor to US citizen avail-9% Debt & may become public co
  • Free seafood for 36 months for donations of $1000 (plus freight)

COMPANY OVERVIEW

GMIT pledges its multi-million BP lawsuit to pay its bond investors for principal and 9%interest .

USDA seafood crop insurance and loan guarantee available

On April 10, 2010, the largest Gulf of Mexico marine disaster occurred via the BP Horizon platform blow-out. Hundreds of miles of coastline and million of marine sea life was lost by the deadly chlorexit/crude oil-mixed salt-water contamination. As a result, GMIT was forced to abandon its 2010 launch of its multi-million offshore sea farming project.

Consequently, GMIT filed a massive multi-million lawsuit against BP and all its partners involved in the Macondo drilling fiasco.

GMIT still owns the only US Army Corps of Engineers-Section 10 and US Environmental Protection Agency-NPDES permits to a 27.5 acre commercial sea farming site located 10 miles south of the Florida/Alabama state line.

GMIT intends to launch the first organic, USDA crop insured and loan guaranteed, commercial fish farming operations for growing Gulf of Mexico finfish and shrimp in FY 2016-2017.

Gulf Marine Institute of Technology (GMIT), as a 501 C-3 non-profit research institute is developing technology and commercially profitable efforts to harness aquaculture in a unique production program that tames fast-growing Gulf of Mexico finfish like “cobia” and shrimp using offshore decommissioned oil platforms AND/OR jack-up platform service vessels as a research and project management base for establishing sea cage farming operations.

COMPANY SLIDESHARE

INDUSTRY

Seafood born in the USA ! GMIT intends to make a big splash in the Gulf of Mexico to initiate the first commercial scale, 27.5 acre seafarm off the FlorAbama state line to grow million of pounds of organically raised finfish and shrimp.

Why? because the United States is the largest importer of seafood in the world!!! The US imbalance in trade in seafood currently exceeds $11.2 billion per year. This is because our country, with 95,471 miles of national marine coastal resourses, produces only 5% of the farmed seafood we eat (NOAA).

The US is rated 15th in the world of seafood producers with 91% of its seafood consumption originating from either China, which produces 62% of world seafood, or from India, Viet Nam, Indonesia, Bangladish, Norway, Thialand, Egypt,Chile, Myanmar, Phillipines, Brazil, Japan and South Korea producing the remaining 29%. These other foreign nations have sponsored the growth of a huge aquaculture dynasty, which now grows 50% of all seafood consumed worldwide. Aquaculture is a $140 billion-plus international business today and is projected to grow to $200 billion by 2020 (NOAA) — while the USA stands relatively motionless by growing only 5% its own seafood requirements.

By 2022, annual per capita consumption of fish in the United States and world-wide is projected to rise to 45 pounds up from 41.5 pounds in 2010 and 22 pounds in the meat-and-potatoes heavy era of 1960’s. Why not produce our US seafood requirements to be “born in the USA” !!!

Sea farming advances in production technologies related to genetic improvements, feeds, aeration, sea cage systems, and new strategies to control disease have lead GMIT to an opportunity to farm fast growing Gulf marine seafood like Cobia (Lemonfish, Ling), MahiMahi and shrimp.

LEADERSHIP

John Ericsson

John Ericsson

Investor/Director

 
GMIT — Chief Executive Officer, Managing Director, Inventor ————- AlgaStar Inc–Founder, CEO, Inventor———- Since 1995, Mr Ericsson has served as managing director of Gulf Marine Institute of Technology, a publicly and federally supported nonprofit marine research institute [501(c)3], which has received numerous equipment and research grants for aquaculture research & development. From 1979 to 1989, Mr. Ericsson was an independent consultant advising in the fields of energy, cogeneration and marine aquaculture to various companies and institutions in the United States. Over the years, he has raised well over $ 22.0 million bringing numerous projects to fruition through investors, donations, and federal funding. These include hydrocarbon exploration and development, electric generation plants, offshore sea farming, and advance marine biological research and development.Mr. Ericsson, is the inventor of the SolarMagnatron™ “patent-approved” technology. He has considerable expertise in a wide range of industry ranging from oil and gas operation, energy generation, fish farming and advanced biosystems technology R&D. He founded AlgaStar Inc. in 2012 as the licensed commercial developer of his USA patent-approved “SolarMagnatron” technology. Mr. Ericsson received a B.S. degree in Business Management and Marketing from the University of Tulsa in 1974. He is listed in Who’s Who of American Inventors 1996-1998, holding United States patents for the Sea Trek Ocean Farming System and the Sea Star Oyster Relay System. He has been a member of the World Aquaculture Society and the Aquacultural Engineering Society and has been honored by the Massachusetts House of Representatives for “his outstanding contributions to the fishing industry.” Mr. Ericsson was featured in the October 23, 1995, issue of Forbes Magazine in the Science and Technology section featuring his space-ship-looking patented “Sea Trek” offshore ocean farming system. (See Forbes article in press section)
Zachary Ericsson

Zachary Ericsson

VP of marketing

Contact Information:

John Ericsson

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