SAN
DIEGO
–
July
21,
2011
‐‐
Umami
Sustainable
Seafood
Inc.
(OTCBB:UMAM)
(“Umami”
or
“the
Company”),
a
holding
company
of
fish
farming
operations
supplying
sashimi‐grade
Northern
Bluefin
Tuna
to
the
global
market,
announces
that
it
intends
to
apply
to
list
its
common
stock
on
the
NYSE
AMEX
Stock
Exchange
and
has
submitted
materials
to
AMEX
for
its
review.
Oli
Steindorsson,
Chairman
and
CEO
of
Umami,
commented,
“Moving
to
AMEX,
if
and
when
Umami
is
accepted
for
listing,
would
represent
the
next
step
in
Umami’s
growth
as
a
leader
in
the
sustainable
Bluefin
tuna
industry.
The
growth
of
our
operations
in
Croatia
and
Mexico
clearly
reflect
the
success
of
our
business
model.
Adding
the
catch
from
the
current
fishing
season
in
Mexico
to
our
growing
biomass,
we
currently
have
approximately
4,500
metric
tons
of
live
inventory
in
our
two
operations,
representing
a
value
of
at
least
$90
million
based
on
current
market
prices.”
We
believe
that
moving
to
a
major
stock
exchange
will
signal
our
value
to
current
and
potential
investors.”
Oli
concluded.