Global Seafood Technologies Inc. (GSFD)

Overview

Global Seafood Technologies, Inc. is a company established in Biloxi, Mississippi, that specializes in the seafood industry across the United States. Their operations are extensively diversified into processing, packaging, and distributing a wide array of seafood products, catering specifically to seafood restaurant chains and retail grocery outlets. The company extends its services through three main segments: Seafood, Fishing Bait, and Freshwater Shrimp. Each segment is tailored to meet the intricate demands of the seafood market, from providing processed and packaged shrimp and seafood to distributing recreational fishing bait and developing farm-grown freshwater shrimp for aquaculture purposes.

Products and Services

• Seafood Segment:

  Within this segment, Global Seafood Technologies undertakes the comprehensive process of processing, packaging, and storing shrimp along with other seafood items. The emphasis is placed on offering frozen shrimp, which comes in various sizes and descriptions for both commercial and consumer uses. The principal product is the frozen, headless shrimp with shell, available in one-pound and two-pound packages. Additionally, peeled shrimp is processed under private labels, which are then distributed to restaurants or included in ready-to-cook meal kits for supermarket distribution, ensuring a broad market reach.

• Fishing Bait Segment:

  This segment engages in the packaging and distribution of recreational fishing bait products under the Killer Bee Bait brand. The product line includes a variety of bait options such as shrimp, catfish bait, cut squid, whole squid, cigar minnows, ballyhoo, frozen chum, and menhaden oil. These products cater to the needs of recreational fishing enthusiasts and are distributed through retail outlets, as well as independent marinas and bait shops, offering extensive accessibility to customers.

• Freshwater Shrimp Segment:

  Global Seafood Technologies ventures into the aquaculture sector through this segment by focusing on the development and harvesting of farm-grown and freshwater shrimp. Operating a hatchery and nursery facility, the company produces shrimp for sale to independent aquaculture farmers. This initiative not only supports the aquaculture industry but also contributes to sustainable seafood production by providing a reliable source of farm-grown shrimp.