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• Eastern Purchases 3rd Waterfront Building in New Bedford, MA
• Eastern Adds 5 Boats to Scallop Fleet
• Red Ship Brand Now a Trademark of Eastern Fisheries, Inc.
• Eastern Introduces Far Eastern Brand Products
• Eastern CEO Roy Enoksen Receives Inner City Award
• Eastern Introduces Eastern Seas Retail Line

Eastern Purchases Building on New Bedford Waterfront
June 2005 - Eastern Fisheries, the world's largest scallop company, recently completed the acquisition of a third waterfront location in the port of New Bedford, MA. With this purchase, Eastern Fisheries gains an additional 47,000 square feet of unloading, processing and cold storage space. Of equal importance, Eastern also gains 200 feet of docking space which the company will use for its recently expanded fleet of scallop fishing vessels.

The new building, which is adjacent to Eastern's existing corporate offices and primary processing facility, is undergoing significant renovation. In early 2006, Eastern plans to move all of its frozen scallop processing and sales and administrative offices to the new location.

Eastern Fisheries is a vertically integrated company with a fleet of twenty-one scallop fishing vessels, 110,000 square feet of processing and cold storage space in three facilities, and more than 150 employees. The company handles approximately 20 million pounds of scallops each year, roughly 20% of the total U.S. consumption.