NEW ZEALAND COASTAL

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New Zealand Coastal Seafoods : Mussel Powder Trial Order

09/24/2020 | 09:05pm

25 September 2020

Mussel Powder Trial Order from

Chinese Multinational Nutraceutical

Supplier

Highlights

  • NZCS has received a trial purchase order for 20kgs of mussel powder from Toyond, a multinational nutraceutical supplier established in 2010, with 10 global offices supplying nutraceutical products across 6 continents.
  • Toyond is a global, innovation-led company with clients including Swisse, Watson, Dupont, Costco Wholesale, ADM and Cargill.
  • NZCS has utilised trial orders to build relationships with key customers globally, and continues discussions with Toyond, as the Company aims to enter into a supply agreement for the Chinese Market.
  • The Trial Order is expected to be dispatched to China on 30 September 2020.
  • The Trial Order aligns with NZCS's growth strategy of entering new markets and improving profit margins by extending the range of products.

Leading secondary producer of nutraceutical, seafood products and premium marine ingredients, New Zealand Coastal Seafoods Limited (ASX:NZS) ("NZCS", the "Company") is pleased to announce that the Company has received a trial order for 20kgs of mussel powder from Hangzhou Toyond Biotech Co., Ltd ("Toyond"), a multinational nutraceutical supplier established in 2010, with its head office in China and a total of 10 global offices supplying nutraceutical products across 6 continents.

Toyond is a global, innovation focused company, producing nutraceutical products for white label clients including Swisse, Watson, Dupont, Costco Wholesale, ADM and Cargill.

PRINCIPAL AND

OPERATIONS

CONTACT

REGISTERED OFFICE

7 Bolt Place

E info@nzcs.co

Suite 5 CPC

Christchurch Airport

P +61 8 9389 3170

145 Stirling Highway

Christchurch 8053

Nedlands, WA

New Zealand

ASX CODE: NZS

Australia, 6009

ABN: 16 124 251 396

www.nzcs.co

New Zealand Coastal Seafoods CEO, Andrew Peti, commented: "We are very pleased to have received the Trial Order, as NZCS continues to expand into international markets. As Toyond is a company distributing nutraceutical products across 6 continents, significant potential exists for NZCS to increase global distribution, and we continue discussions with Toyond, with the aim of entering a long term supply agreement for the Chinese Market."

NZCS has utilised trial orders to build relationships with key customers globally, as the Company aims to establish further purchase agreements, to build on the purchase agreements with revenues of NZ$518,000, NZ$4.4m and NZ$400k from Dr. Behr, SuperMilkBaba and Good Health agreements respectively.

The Toyond Trial Order aligns with NZCS's growth strategy of entering new markets and improving profit margins by extending the range of products.

Authority:

This announcement has been approved by Executive Director, Aldo Miccio.

Further information:

Aldo Miccio

Jane Morgan

Executive Director

Investor Relations Advisor

New Zealand Coastal Seafoods Limited

Jane Morgan Management

Email: investors@nzcs.co

Email: jm@janemorganmanagement.com.au

Tel. +61 421 497 138

Tel. +61 405 555 618

About New Zealand Coastal Seafoods

New Zealand Coastal Seafoods (NZCS) is a New Zealand based, ASX listed, secondary producerof nutraceutical, seafood products and premium marine ingredients. The Company recently acquired Kiwi Dreams International Limited (KDI), a leading developer of innovative nutraceutical products and services including ingredient supply, quality and validation, as well as formulationand development.

Through the development of Nutraceutical projects, NZCS has recognised significant opportunities in this high growth market, with the global Nutraceutical market estimated at US$230.9 billion in 2018.1

1 https://www.bccresearch.com/market-research/food-and-beverage/nutraceuticals-global-markets.html

PRINCIPAL AND

OPERATIONS

CONTACT

REGISTERED OFFICE

7 Bolt Place

E info@nzcs.co

Suite 5 CPC

Christchurch Airport

P +61 8 9389 3170

145 Stirling Highway

Christchurch 8053

Nedlands, WA

New Zealand

ASX CODE: NZS

Australia, 6009

ABN: 16 124 251 396

www.nzcs.co

Harnessing the countries reputation for pure, pristine waters and fisheries provenance, NZCS utilise raw ingredients sourced from New Zealand's finest deep sea fishing companies, employinga nose-to-tailphilosophy to create a range of high-valueproducts.

The Company's mission is to share the sought-after flavours of sustainably-sourced, nutritious, healthy and organic goodness of New Zealand's seafood with Asian consumers, throughexpanding distributor, wholesale and consumer channels.

NZCS's growth strategy is focused on the development of a new nutraceutical product range and increasing production and sales of its flagship, collagen-rich, dried ling maw range and developing high-value ready-to-eat,FMCG products for export into new and existing markets.

PRINCIPAL AND

OPERATIONS

CONTACT

REGISTERED OFFICE

7 Bolt Place

E info@nzcs.co

Suite 5 CPC

Christchurch Airport

P +61 8 9389 3170

145 Stirling Highway

Christchurch 8053

Nedlands, WA

New Zealand

ASX CODE: NZS

Australia, 6009

ABN: 16 124 251 396

www.nzcs.co

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

New Zealand Coastal Seafoods Ltd. published this content on 25 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2020 00:04:00 UTC

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