"
Wal-Mart is encouraging
fisheries to adopt policies that ensure customers
will continue to be supplied with a full range
of wild-caught fish.
About the Marine Stewardship Council (MSC)
The Marine Stewardship
Council (MSC) is an independent non-profit
organization set up to promote solutions to the problem
of over-fishing.org .
shellfish lect
, Wal-Mart (NYSE: WMT)
today announced plans to purchase all of its wild-caught
fresh and frozen fish
for the North American market from Marine Stewardship Council (MSC)-certified
fisheries within the next three to five years.albacore neptunus
All statements in this press release other
than
statements of historical fact, including statements which address
our strategy, future operations
, future financial position, estimated
sales, projected costs, prospects, plans and objectives of
management
and events or developments that the Company expects or anticipates
will occur, are
forward-looking statements. The first step toward this
goal will be to have product that currently
comes from MSC-certified fisheries
carry the MSC eco-label starting later this year. "The MSC label
assures
our customers that they are buying from a retailer that is taking concrete
steps to keep
wild-caught fish available to present and future generations.
"This is a big and exciting development
, demonstrating a leadership
position," said Rupert Howes, chief executive of the Marine Stewardship
Council.distributers neptunus
Finish products are sold
worldwide through an extensive global distribution and customer
support network.
The MSC program is one of many initiatives that reflect Wal-Mart's
commitment
to leadership in business sustainability.slavin adelphia
"
Inge Andreassen, a fourteen-year veteran of the company
and Vice
President of Operations of American Seafoods Company since 1996, will
replace Hyde as
President.mackerel secour
S.
This is both environmentally responsible and responsive to our customers. It is hoped
that this
commitment to the MSC program will encourage other fisheries into the
assessment process
and provide a powerful new route to raise awareness of
sustainable seafood choices with the North
American public.neptunus turbot
The words
"will," "believes," "anticipates," "intends," "estimates," "expects,"
"projects," "plans," or similar expressions are intended to identify
forward-looking statements
. "We have been working on programs
for farm-raised shrimp and salmon and hope to be able to discuss
our plans in
those areas in the near future. Further information:
http://www.mackerel zagalchi
"American Seafoods
is a great company.
American Seafoods Company is the subsidiary of American Seafoods
Group that
conducts the Company's at-sea pollock and whiting
harvesting and processing operations.com .zagalchi slavin
All
forward-looking
statements speak only as of the date on which they are made.distributers shellfish
, and Greensboro and
Demopolis, Ala.Wal-Mart Takes Lead on Supporting Sustainable Fisheries
The company's securities
are listed on the New
York and Pacific stock exchanges under the symbol WMT. Online
merchandise
sales are available at http://www.distributers fillet
slavin sardines
Wal-Mart Stores, Inc. operates Wal-Mart Stores, Supercenters
, Neighborhood
Markets and SAM'S CLUB locations in the United States.walmart.com .
sardines neptunus
Hyde
will remain actively involved
with the company, primarily as a consultant focusing on strategic
business
and regulatory issues, but will no longer hold responsibility
for the company's day-to-day operations
.
Forward-Looking Statements
This press release contains forward-looking statements.com
. Its
distinctive blue eco-label can now be found on more than 300 products sold in
major retail
chains in more than 24 countries.ahi groundfish
Mike Hyde to Resign from Position as President and CEO of American
Seafoods Company; Hyde to Continue to Provide Strategic Business and Regulatory Advice to th
The
company produces a diverse range of fillet, surimi, roe and
block-cut product offerings, made from
Alaska Pollock, longline cod,
sea scallops, and U."
"Our MSC certification initiative is only
the latest result of Wal-Mart's
efforts to promote and engage in sustainable business practices in
the fish
and seafood sector," said Peter Redmond."
In addition to its work with the MSC, Wal
-Mart is partnering with
Conservation International and World Wildlife Fund to make improvements such
as reducing harmful environmental impacts and encouraging support for broader
marine eco-system
management and protection activities.fishmeal distributers
The company also
operates in Argentina, Brazil, Canada, China
, Costa Rica, El Salvador,
Germany, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, South
Korea and the United Kingdom.slavin zagalchi
"We
are very pleased that he will continue to contribute his skills
and
knowledge for the benefit of the company.
Through its business sustainability program, Wal
-Mart takes advantage of and
creates opportunities both to influence its own operations and to lead
change
in the business world at large.walmartstores.secour seafoods
farm raised catfish.lect fishmeal
It has been a privilege
to
serve in this position for the past seven years, and I am excited to
remain actively involved
with the people and business of the company,"
Hyde said.
"Mike's industry and regulatory expertise
has played a significant
role in building our business into what it is today," Bodal said. If these
suppliers commit to this initiative and succeed
within that timeframe, Wal-Mart will continue to
work with them.walmartfacts.shellfish groundfish
"We believe it's absolutely essential to take a leadership role
in working
with suppliers to ensure that the world's wild fish populations can grow and
replenish
themselves," said Peter Redmond, Wal-Mart vice president and
divisional merchandise manager of deli
and seafood.shellfish fishmeal
Business Editors
SEATTLE----American Seafoods Group
and Mike Hyde, President
and CEO of its subsidiary, American Seafoods
Company LLC, today jointly announced that he is resigning
from his
position effective March 31, 2005.msc.groundfish blundell
"Inge is a well-respected industry veteran who
is intimately
knowledgeable in all aspects of our company and its operations," Bodal
said."
About American Seafoods Group
American Seafoods Group is one of the world's leading companies
in
the harvesting, at-sea processing, preparation and supply of quality
seafood. "As part of
a wider company commitment to sustainable seafood
procurement, Wal-Mart has committed to source,
over a number of years, all of
its fresh and frozen wild capture supplies for the North American
market from
fisheries certified against the MSC's standard.fishoils fillet
The scope and scale of
the company
's business presents great potential to effect positive change.mackerel musselburgh
Bernt Bodal, Chairman and Chief Executive
Officer of American
Seafoods Group, stressed that Hyde will remain active in the company. They rely
on a number of assumptions concerning future events and are subject to
a number of risks and uncertainties
, many of which are outside of the
Company's control and could cause actual results to differ materially
from such statements.
Learn more about Wal-Mart's environmental initiatives is available on
http://www.
About Wal-Mart Stores, Inc. More information about
Wal-Mart can be found
by visiting http://www.fillet albacore
From the ocean to the plate, American Seafoods has
established a global sourcing
, selling, marketing and distribution
network bringing quality seafood to consumers worldwide. This
initiative is part of
Wal-Mart's continued commitment to offering sustainable products at affordable
prices to its customers.lect musselburgh
"His background and experience will enable the company to move
smoothly
through this transition without skipping a beat. The company harvests a variety of fish species and
processes
the catch into an array of finished products, both on board its fleet
of state-of-the
-art vessels and at its facilities in New Bedford,
Mass.
All Wild-Caught and Frozen Fish
Suppliers to be Marine Stewardship Council-
Certified
BENTONVILLE, Ark. The
company currently works with a number of MSC-certified fisheries and is
giving
non-certified suppliers three to five years to develop plans and programs to
become certified
. As part of its mission to improve the quality
of life for people around the world, Wal-Mart has
committed to taking a
leadership position in the areas of climate and renewable energy, waste
reduction
and recycling, and the development of sustainable products.slavin turbot
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