SOURCE: Neptune Industries, Inc.

October 09, 2007 08:00 ET

Neptune Industries Announces the Addition of Mr. Eric Jager to Its Board of Directors

BOCA RATON, FL--(Marketwire - October 9, 2007) - Neptune Industries, Inc. (OTCBB: NPDI), a holding company with diversified interests in aquaculture technology, food science, sustainable seafood, and related natural and organic food products, announced today that the Board of Directors approved the expansion of the Board from five to seven members. Mr. Eric Jager, Executive Vice President of Bartlett and Company, Kansas City, Missouri, has accepted the sixth seat on the Board of Directors.

Mr. Jager has managed investment portfolios for Bartlett and Company since 1983 in his capacity as President of Windcrest Investment Management, a Division of Bartlett & Company. Prior to 1983, Mr. Jager was the Senior Vice President, Investment Analyst and Director of Research at Eppler, Guerin &Turner in Dallas, Texas. As a member of the Executive Committee, he was involved in top management of the regional investment banking firm in Dallas as well as Director of the Company's overall investment functions.

Mr. Jager is a director of the Nygaard Corporation and Scout Mutual Funds, which include the Bond Fund, Money Market Fund, Regional Fund, Stock Fund, Tax-Free Money Market Fund and World Wide Fund. He is a graduate of Harvard University in Cambridge, Massachusetts and received his MBA degree from Southern Methodist University in Dallas, Texas.

President of Neptune Industries, Ernest Papadoyianis, stated, "I have had the pleasure of knowing and corresponding with Mr. Jager on a continual basis over the last year. His outstanding credentials in the financial and public markets, institutional research and investment management areas will certainly be a great asset to Neptune Industries and our Board of Directors. He has always shown a genuine interest in our Company, and on behalf of the entire Board, I look forward to working with him."

Mr. Eric Jager stated, "I have followed the progress of Neptune Industries with great interest over the last year. I am pleased and excited to become involved as a director in the Company at this time, as I believe Neptune has a business model and technologies that will have a significant impact on its industry."

About Neptune Industries:

Based in Boca Raton, Florida, Neptune Industries, Inc. has developed a scalable, modular aquaculture technology called Aqua-Sphere™ and Aqua-Cell™ that successfully address the environmental concerns of most aquaculture operations by controlling and recycling all waste products, while insuring the production of the highest quality fish at an affordable price. The company currently operates the Blue Heron Aqua Farms in Florida City, FL and is a leading producer of hybrid striped bass, which it markets internationally as Everglades Striped Bass™. The company's current production at its Blue Heron farm, and future production with Aqua-Sphere™ System technology are intended to target the organic market as soon as organic certification of farm-raised seafood becomes available. The Company is also in development of an advanced dietary nutritional component called Ento-Protein™. Ento-Protein™ is a high quality sustainable protein derived from insects, and is intended to be a replacement for the scarce fish meal now used in fish and animal diets. For further information, please visit the Company's website at: www.neptuneindustries.net

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contact Information

  • Contact:

    Investor Relations Contact:
    Michael Steinberg
    Chelsea Holdings, Inc.
    1200 S. Federal Hwy., Suite 200
    Boca Raton, FL 33431
    561-210-8544
    Email: info@neptuneindustries.net

    Bethany Tomich
    Equity Performance Group
    617-666-3705
    Email: Bethany@EquityPerfGP.com