SOURCE: Neptune Industries, Inc.

April 04, 2007 08:00 ET

Neptune Industries, Inc. Announces Advances in Patent Pending Ento-Protein™ Development

BOCA RATON, FL -- (MARKET WIRE) -- April 4, 2007 -- Neptune Industries, Inc. (OTCBB: NPDI) announced today that it has moved forward in its development of a revolutionary dietary protein component known as Ento-Protein™. Last week, the National Organic Standards Board issued its recommendations that fish raised on fishmeal-based aquaculture diets be excluded from U.S. Organic Aquaculture Standards.

Mr. Ernest Papadoyianis, President, stated, "The development of our Ento-Protein™ diet comes at a time when the National Organic Standards Board, conservationists, as well as many fish farmers, are demanding that a sustainable source of protein be identified to replace fish meal currently being taken from rapidly declining ocean species. Most research has centered on the use of vegetable derived protein sources which are inferior in digestibility and assimilation in most carnivorous fish species. These sources often lead to a significant decrease in growth in animals fed these diets. Ento-Protein™ is a superior dietary protein source derived from select insect species produced in a sustainable fashion under controlled conditions. Our research efforts with Mississippi State University are commencing with a program to test the use of Ento-Protein™ in sample diets for acceptability, digestibility, product quality, and growth rates. Our goal is to provide our industry with a high quality, sustainable protein source for aquaculture diets that complies with U.S. Organic Standards."

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:

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.

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