openPR Logo

Press Releases from Edgewater Foods International Inc. (2 total)

Edgewater Foods Announces Record Scallop Results, Confirms Guidance

GAITHERSBURG, MD--(MARKET WIRE)--Nov 29, 2006 -- Edgewater Foods International, Inc. (OTC BB:EDWT.OB - News) announced today record results for its scallop harvest, which began in October, due to the dramatic improvement in the average size of the Company\'s Pacific scallop. Average weight per scallop increased from 150-180 grams to over 225-250 grams -- representing an increase of over 20% from the previous year. The Company expects to bring approximately 500,000

RedChip Visibility Initiates Research on Edgewater Foods International, Inc.

ORLANDO, Fla., Oct. 5, 2006 (PRIMEZONE) -- RedChip Visibility, a division of RedChip Companies, announced today that they have initiated research on Edgewater Foods International, Inc. (OTCBB:EDWT). Patrick Murphy, RedChip Research Analyst, Level III CFA Candidate, wrote in the report: "Assuming that in 2009, EDWT has achieved results close the projected harvest and profitability, the fully diluted forward earnings per share for 2010 could approach $0.97. Applying a forward multiple of fifteen