Business New Brunswick

Government supports expansion of Saint John-area company (10/05/07)

NB 686

May, 7, 2010

CARTERS POINT (CNB) - The provincial government is investing $60,000 in Acadian Sturgeon and Caviar Inc. as it builds a new processing facility and hires additional staff.

Fisheries Minister Rick Doucet and Cornel Ceapa, the company's founder and chief executive officer, made the announcement.

"Since its inception in 2005, Acadian Sturgeon and Caviar Inc. has become one of New Brunswick's true success stories," said Doucet. "It has grown to become a multi-faceted sturgeon aquaculture company with an eye on the global market. Our government is proud to help one of our province's most innovative companies as it continues to grow here in Carters Point."

Doucet spoke on behalf of Business New Brunswick Minister Victor Boudreau.

Business New Brunswick is providing the assistance through the NB Growth Program. Launched in October 2007, the program provides eligible entrepreneurs up to $100,000 to establish a new business and up to $60,000 to expand, diversify or improve productivity at an existing business.

"Acadian Sturgeon and Caviar Inc. was founded to be a sustainable producer of caviar and sturgeon meat," said Ceapa. "Our hatchery is proud to be the only producer and seller in the world to offer fertilized eggs, larvae and Atlantic and shortnose sturgeon fingerlings. This assistance from the province will allow us to diversify our offer with caviar and smoked and fresh sturgeon fillets produced in our federally-inspected processing plant. We are proud to continue to grow our team and our facility right here in New Brunswick."

10/05/07

MEDIA CONTACTS: Ashley Bursey, communications, Business New Brunswick, 506-461-0942, ashley.bursey@gnb.ca; Cornel Ceapa, Acadian Sturgeon and Caviar Inc., 506-639-0605, cceapa@acadian-sturgeon.com.

10/05/07