Press
Release

Avoca and Olympic Seafood form joint venture to guarantee supply of krill oil

Avoca and Olympic Seafood form joint venture to guarantee supply of krill oil

Merry Hill, NC USA and Fosnavåg, Norway – 23 October 2012

Avoca, Inc. and Olympic Seafood AS announced today they have formed a joint venture to produce krill oil.
The venture is named RIMFROST USA, LLC and allows for a guaranteed supply of krill oil to the steadily
growing market.

The new venture RIMFROST USA, LLC combines the prowess of Olympic Seafood in producing raw krill material
with the expertise of Avoca in extraction processes. "This venture will enable us to produce in the range of 600
tons of krill oil per year, which is equal to the current annual worldwide production," said David Peele, President of
Avoca. "It ensures our customers are receiving an extremely high quality krill oil, extracted in a cGMP facility, with
traceability from krill that are collected in an environmentally sustainable manner."

Managing director of Olympic Seafood, Bjørnar Kleiven, reflects Mr. Peele’s statement by saying: "We are very
excited to begin a joint venture with Avoca as we are now able to increase our production capacity and supply of
top quality krill oil to customers worldwide. Avoca has the extensive background and technologies necessary to
extract krill oil to our RIMFROST standards with their cGMP facility."

Avoca is the world’s premier botanical extraction company through its’ extensive extraction and purification
technologies. Avoca has been extracting krill oil for the last two years, but recently saw a spike in demand, to
which the new joint venture is able to respond.

Olympic Seafood focuses exclusively on Antarctic krill ingredients. Olympic operates on the Antarctic Ocean with
its own specialized krill-collecting vessel Juvel. This allows complete control of the value chain to produce a secured
supply of krill raw material for the joint venture. The immediate patented on-board processing of fresh krill is done
at low temperatures to provide raw material where all the compounds are in their natural form. The unadulterated
raw material allows production of krill oil with low oxidation and exceptional properties. In addition to the
processing on-board the Juvel, Olympic Seafood is proud to have recently received "Friend of the Sea" certification
for its krill collecting operation to ensure the highest possible standards in traceability and sustainability.

Olympic Seafood AS

Olympic Seafood AS focuses exclusively on Antarctic krill ingredients for consumer applications. The flagship brand, the
RIMFROST KRILL COLLECTION is comprised of Antarctic krill meal, powder and oil. Olympic Seafood takes great pride in its
specialized krill-collecting vessel, ‘Juvel’, which operates on the Antarctic Ocean. ‘Juvel’ aims for low emissions, low energy use
and low climate impact. The proprietary technology on-board allows minimal and rapid processing to safeguard the natural
and intrinsic goodness of krill. The vessel is certified by Friend of the Sea and can guarantee 100% traceability.

Avoca, Inc.

Avoca is the world’s premier botanical extraction company through its’ extensive extraction and purification technologies.
Avoca is a member of the Pharmachem family of companies. Based in Kearny, NJ, USA, Pharmachem Laboratories, Inc.
specializes in the manufacture and supply of a wide variety of custom and specialty nutritional ingredients, as well as process
services. The company is a NOP-Certified organic handler and processor, operating 13 manufacturing facilities in the U.S. and
three in Mexico. It is also (c)GMP compliant, producing a variety of ingredients and ingredient systems under strict quality

Olympic Seafood AS – For additional information, please contact:

Bjørnar Kleiven
Managing Director
Olympic Seafood AS
Mobile: +47 900 68 005
Email: bjornar.kleiven@olympic.no

Even T. Remøy
Sales & Marketing Director
Olympic Seafood AS
Mobile: +47 913 89 300
Email: even.remoy@olympic.no

Patricia Wiklund, Press Contact
Mobile: +358 40 8228 848
Email: rimfrost@invenire.fi

www.rimfrostkrill.com
cleardifference@rimfrostkrill.com

Avoca, Inc. – For additional information, please contact:

David Peele
President
Avoca, Inc.
Mobile: 1-252-724-0113
Email: david.peele@avocainc.com

Shannon Perry, Press Contact
Avoca, Inc.
Phone: 1-252-482-0412
Email: shannon.perry@avocainc.com
www.pharmachemlabs.com
Phone: 800-526-0609 or 201 246 1000 (outside the U.S.)