2008-10-27 22:29:02 -

NOTE TO EDITORS: The following is an investment opinion issued by
Dutton Associates. - Dutton Associates initiates coverage of China Marine Food (OTCBB:CMFO) with a Strong Speculative Buy rating and a $3.42 price target. The 25-page report by Dutton senior analyst Stanley Ng is available at www.duttonassociates.com as well as from First Call, Bloomberg, Capital IQ, FactSet, and other leading financial portals.

China Marine Food is principally engaged in the business of processing, distribution and sale of processed seafood products, as well as the sale of marine catch. The Company has been awarded "Famous Brand" and "Green Food Certification" by the Chinese government,

a key certificate for food production and marketing in China. The Company has been awarded the HACCP Certification for the export of marine products to the United States and the EU export registration for export of marine products to the EU. We believe the Company's high level of internationally recognized food safety certification would enable China Marine Food to emerge as the market leader, while smaller food producing-companies that are unable to meet the stringent production and certification process may be driven out of the market. CMFO enjoys several competitive advantages over its domestic and overseas competitors. Its "master distributors" that can effectively monitor and distribute its products to about 1,300 retail points including supermarket chains and retailers such Wal-Mart and Carrefour. We understand management is in discussion with a large convenience store chain with over 1,500 outlets in Shanghai to sell its processed food products, which could more than double its existing number of outlets to drive sales in the domestic market. Revenues and fully diluted EPS of $44.95 and $.42, rising to $63 million and $.57 are forecasted 20r 2008 and 2009 respectively.

About Dutton Associates

Dutton Associates is one of the largest independent investment research firms in the U.S. Its 20 senior analysts are primarily CFAs, and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 120 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.

The cost of enrollment in our one-year continuing research program is US $35,000 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $35,000 from the Company for 4 Research Reports with coverage commencing on 10/27/2008. We do not accept payment of our fees in company stock. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.

Dutton Associates
John M. Dutton, 916/960-0623