SOURCE: Neptune Industries, Inc.

July 26, 2005 08:30 ET

Neptune Industries, Inc. Announces Site Selection for S.A.F.E.™ Prototype

BOCA RATON, FL -- (MARKET WIRE) -- July 26, 2005 -- Neptune Industries, Inc. (OTC: NPDI), announced today that it had entered into an arrangement with The Redland Company, Inc. of Homestead, Florida to utilize Redland's 38-acre quarry lake site for final testing of the S.A.F.E.™ (Solar-powered, Aquaculture, Finfish, Environment) System Technology.

Ernest Papadoyianis, President, stated, "Field testing of the prototype system is the final step in the development of our patent-pending S.A.F.E.™ System before market introduction. This site is close to our current Florida City operations and provides an ideal environment for these final tests. In addition to testing our own technology, we will also be selecting and testing several other products which will be used in conjunction with S.A.F.E.™. It is our intention to conclude testing and begin marketing by late fall of this year. We continue to receive inquiries from around the world."

Based in Boca Raton, Florida, Neptune Industries, Inc. is in the final stages of obtaining its final patent. The S.A.F.E.™ System Technology successfully addresses concerns for a safe environment and for the highest quality fish at an affordable price. The company currently operates the Blue Heron Aqua Farm in Florida City, FL and is a leading producer of hybrid striped bass, which it markets internationally as Everglades Striped Bass.

For further information, please visit the Company's website at:

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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.

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