SOURCE: Neptune Industries, Inc.

July 19, 2005 08:00 ET

Neptune Industries, Inc. Announces Equipment Purchase for Expansion of Operations

BOCA RATON, FL -- (MARKET WIRE) -- July 19, 2005 -- Neptune Industries, Inc. (OTC: NPDI) announced today it has entered into an agreement to purchase fiberglass grow-out tanks from Coastal Tech Fiberglass, Inc. as it begins Phase 1 of its Blue Heron south farm expansion.

Sal Cherch, COO, stated, "This is the first step in the development of the south farm portion of our Florida City, Florida Blue Heron Aqua Farms site. When all phases of expansion are completed, we anticipate the annual production at this site should reach the 2 million pound mark. Construction contracts to support the installation of this and future equipment for the Phase I expansion will be awarded during July. The Company, in keeping with its business plan, continues to expand to meet market demands."

Based in Boca Raton, Florida, Neptune Industries, Inc. is developing a scalable modular aquaculture technology called SAFE that 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: 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:

    Sal Cherch
    561-638-5974 or

    Investor Relations:
    The Eversull Group
    Jack Eversull
    Email Contact
    972-991-1672