For Immediate Release

Title: DYC Fishing Ltd. Problems Continue; Martinique Government Seizes 4 Containers

Perla del Caribe Inc. of Miami, FL wants to get paid

 CORAL GABLES, Fla., Nov. 17, 2010 /PRNewswire/ — The problems of DYC Fishing Ltd. based in Kingston, Jamaica continue on several fronts.

The exporter of fish, lobster and conch is now battling with the Government of Martinique over the ownership of four containers of conch meat reportedly worth an excess of $1.2 million. These containers were seized in September by Martinique officials.

The company Krustafish, is now claiming that DYC Fishing Ltd and its alleged Marketing agent, Wasamaki Ltd, committed fraud by using the bar codes belonging to Krustafish to import products into Martinique. Pursuant to custom laws, this practice is illegal.  

Perla del Caribe, Inc., the Miami-based seafood distributor who obtained a jury verdict against DYC Fishing Ltd, for approximately $1.6 million dollars last November, is also attempting to seize the same containers in Martinique after recording the United States judgment in both Martinique and in Jamaica.

“Later this month, a Jamaican court will determine the enforceability of the U.S. judgment in Jamaica that has gone far enough in avoiding paying its debt to Perla del Caribe,” said Alfonso Perez of Rasco Klock Reininger Perez Esquenazi Vigil and Nieto attorney for Perla del Caribe. “That is not going to work and we will continue to expose their efforts to hide from their obligations.”

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