Article: Process Equipment Inc. Announces Completion of Acquisition of Chinese Aquaculture and Aquatics Company.

Process Equipment, Inc. (BULLETIN BOARD: PEQM) announced today that it has completed the acquisition of Jade Profit Investment Limited ("Jade Profit"), a privately held British Virgin Islands limited liability company that operates an 84.42% owned subsidiary under the name Hainan Quebec Ocean Fishing Co. Ltd. ("HQ"). HQ is an integrated aquatic products company that cooperatively farms, harvests, processes and sells its products, consisting primarily of shrimp and tilapia.

Under the terms of the Agreement and Plan of Merger, through its special acquisition subsidiary, the Company has acquired all of the issued and outstanding capital stock of Jade Profit, in ...

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