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  Petrossian Inc., United Food Technologies AG, and AquaOrbis AG Agree on a Close Cooperation

 World Wide Distribution of Fish and Caviar From Modern Aquaculture Plants

    WEINHEIM, Germany, May 22 /PRNewswire/ -- The internationally renowned
caviar trading house, Petrossian Inc. together with United Food
Technologies AG (UFT) and AquaOrbis AG has announced a close strategic
partnership today. The aim is to market globally the high quality fish and
caviar products from the UFT aquaculture facilities through the established
trading house and AquaOrbis AG. For the first time interested investors can
take advantage of a complete solution, covering all the steps in the
process, from patented world wide facility know-how through operation and
management to world wide assured distribution facilities. The declaration
demonstrates the impact that aquaculture technology has made in the face of
over-fishing of the world seas and the increasing requirements for fresh
fish.
    For decades, the name Petrossian has been synonymous with luxury and
highest quality. The family run company, world wide leader in the marketing
of caviar and other delicacies, is focussed on North America and Europe.
Their main clients come from top gastronomy circles, the hotel industry,
airlines, cruise ship companies, as well as gourmets from all over the
world.
    United Food Technologies focuses on the construction and operation of
modern aquaculture facilities in conjunction with their sister company
AquaOrbis. The patented technology is based on an environmentally friendly,
closed circulatory system which allows a constant high quality, while
emitting minimum harmful emissions. Experts expect that in the near future
the majority of fresh fish will come from aquaculture plants as the stocks
in the seas are decreasing rapidly.
    The three partners have developed a unique complete solution: The
appetizing sturgeon meat and the noble caviar from the facilities built by
United Food Technologies, under commission from investors, will in future
be jointly marketed worldwide by Petrossian and AquaOrbis AG.
    "With such a well known and traditional caviar house as Petrossian, we
have contracted one of the world's renowned suppliers for international
distribution. We can offer the investors who commissioned the construction
of the facilities, a conclusive complete concept covering construction and
operation through to established distribution", explains Christoph Hartung,
chairman of the board of directors of UFT AG. "This is an accolade for the
quality of the aquaculture products from our plants."
    Armen Petrossian, CEO of Petrossian Inc. based in the USA, is convinced
of the high quality of the caviar from aquaculture technology. "This caviar
has nothing to fear from the wild caviar", emphasizes the expert. He is
well satisfied with the agreement which assures him of large quantities of
the noble delicacy for world wide distribution. "The future belongs to
caviar from aquaculture facilities in light of the decimated wild stocks.
The strategic cooperation with United Food Technologies and AquaOrbis
ensures a long term high quality and therefore we can be satisfied that we
can cover the demand of our customers world wide in the future", continues
Armin Petrossian. For years now the demand for caviar has been much greater
than the stocks available.
    United Food Technologies is currently constructing three new
aquaculture projects for the production of sturgeon caviar: The topping out
ceremony at the new plant in Jessen (Sachsen- Anhalt) has just been
celebrated. This plant will go into production in autumn 2007. In the next
weeks construction will start at the world- scale plant in Abu Dhabi
(United Arab Emirates). This will be the first caviar plant in the Near
East. Licensing procedures will be completed in June for the third project
on USA's east coast.
    Further information is available on http://www.uftag.de and http://www.petrossian.com

    Press contact:

    Oliver Schoenfeld
    +49-170-3284569
    presse@uftag.de
    os@schoenfeld-pr.de


  SOURCE United Food Technologies AG




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CONTACT:
Press contact: Oliver Schoenfeld,
+49-170-3284569, presse@uftag.de, os@schoenfeld-pr.de

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