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American Seafoods’ Community Advisory Board Calls for Nominations for its Alaska Community Grant Program

Oct. 20, 2009

Applications Due Nov. 16

SEATTLE--(BUSINESS WIRE)--The Community Advisory Board (CAB) of American Seafoods Company, one of the nation’s largest seafood processors, today announced that it is accepting applications for its Alaska community grant program. The deadline to submit an application is November 16.

The CAB community grant program awards $75,000 annually to community projects throughout rural Alaska. In December, the CAB will allocate $30,000 to various Alaskan community projects that tackle issues such as hunger, housing, safety, education, research, natural resources and cultural activities.

In February 2009, the CAB program awarded nearly $30,000 in grants to a variety of Alaskan community programs, including Balyhoo Lions Club- Operation Santa Claus ($2,000), Bristol Bay Native Association Regional Food Bank ($1,465), Food Bank of Alaska ($2,330), St. George Traditional Council ($2,000) and Unalaskans Against Sexual Assault & Family Violence ($2,000).

In addition, the CAB awarded approximately $14,000 in scholarships to Alaskan students in May 2009.

"Our organization has benefited from the American Seafoods' CAB grants several times. We have used the funds to purchase food for our shelter pantry, which provides food for the victims of domestic violence and sexual assault as well as boxed meals for community members experiencing food insecurity, "said M. Lynn Crane, executive director of Unalaskans Against Sexual Assault & Family Violence. "We have also been able to use funds from American Seafoods for educational materials to support our effort to prevent future domestic and sexual violence through outreach and education."

The CAB evaluates each proposal using the following criteria: the need in the community, project benefits, the number of people that will benefit from the program, which individuals the award is intended for, and the ability to garner additional funding.

The CAB has granted Alaskan communities more than $800,000 toward its organizations and programs. CAB grant recipients will be chosen at the CAB’s meeting on December 2.

“At American Seafoods we are dedicated to giving back to the communities we operate in and we are honored to contribute to the growth and enhancement of Alaska community organizations,” said Inge Andreassen, president of American Seafoods Company. “The Community Advisory Board’s grant program is a perfect way to reward those organizations and their respective programs working to improve our communities.”

Applications for the grant program are available online at www.americanseafoods.com, or by contacting Kim Lynch at kim.lynch@americanseafoods.com or 206-256-2659. Completed applications should be returned to Lynch at American Seafoods using email, fax at 206-448-0202, or postal mail at 2025 1st Ave, Ste 900, Seattle, WA, 98121.

About American Seafoods Group and American Seafoods Company

American Seafoods Company is a subsidiary of American Seafoods Group, one of the world's leading companies in the harvesting, processing, preparation and supply of quality seafood. Harvesting a variety of fish species, American Seafoods Group processes seafood into an array of finished products, both on board its state-of-the-art fleet of vessels and at its HACCP-approved production facilities located in Massachusetts. The Company produces a diverse range of fillet, surimi, roe and block product offerings, made from Alaska pollock, Pacific whiting, Pacific cod and sea scallops. Finished products are sold worldwide through an extensive global distribution and customer support network. From the ocean to the plate, American Seafoods has established a global sourcing, selling, marketing and distribution network bringing quality seafood to consumers worldwide. For more information, please visit us at www.americanseafoods.com.

This press release contains forward-looking statements. The words "will," "believes," "anticipates," "intends," "estimates," "expects," "projects," "plans," or similar expressions are intended to identify forward-looking statements. All statements in this press release other than statements of historical fact, including statements which address our strategy, future operations, future financial position, estimated sales, projected costs, prospects, plans and objectives of management and events or developments that the Company expects or anticipates will occur, are forward-looking statements. All forward-looking statements speak only as of the date on which they are made. They rely on a number of assumptions concerning future events and are subject to a number of risks and uncertainties, many of which are outside of the Company's control and could cause actual results to differ materially from such statements.

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