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