Balance Sheet Improvement by 50% Reduction in Liabilities Year-Over-Year

Miami, FL, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., ("Blue Star," the "Company," "we," "our" or "us") (NASDAQ: BSFC), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that its Chairman and CEO John Keeler provided the following letter to shareholders.

Blue Star Foods Corp remains committed to transparency and integrity. As to the allege increased in debt levels, recently publish in a seafood trade publication, herein below is a comparative table of Blue Star liabilities quarter ending June 30, 2024, versus same period 2023. Which shows a 50.4% reduction in total liabilities and strengthening its balance sheet by $4,630,557 in Shareholder equity.