SOURCE: Neptune Industries, Inc.

January 29, 2008 08:00 ET

Neptune Industries, Inc. Announces Commencement of Farm Expansion

BOCA RATON, FL--(Marketwire - January 29, 2008) - Neptune Industries, Inc. (OTCBB: NPDI), announced today that it has begun construction of its South Farm Expansion project.

Mr. Sal Cherch, Neptune's Chief Operating Officer, stated, "Neptune is very pleased to announce that the Company has begun construction of the second major expansion of its Blue Heron Aqua Farms site in Florida City, FL. Completion and stocking of the first part of the expansion should be completed by the end of the first quarter of 2008. The remainder of the project is anticipated to be finished by the end of the second quarter of 2008. When completed, this expansion is projected to more than triple our production and revenue capabilities, making our Blue Heron Farm one of the largest hybrid striped bass producers in the world. In addition to producing hybrid striped bass, the expansion will feature state-of-the-art aquaponic facilities to produce hydroponic crops of lettuce, micro greens, herbs and vegetables utilizing the fish waste as fertilizer. These high demand, high profit crops will quickly add to the Company's revenue stream. During the past year, the Company has developed its techniques for hydroponic crop production and is now prepared to enter the marketplace."

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 addresses the environmental concerns of most aquaculture operations by controlling and recycling all waste products, while ensuring 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 fishmeal 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

  • 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