SOURCE: Neptune Industries, Inc.

December 21, 2006 08:00 ET

Neptune Industries, Inc. Announces Operating Results for Blue Heron Aqua Farms

BOCA RATON, FL -- (MARKET WIRE) -- December 21, 2006 -- Neptune Industries, Inc. (OTCBB: NPDI) announced today that its farming subsidiary, Blue Heron Aqua Farms, LLC, which operates a fish farm in South Florida, attained operational break even in November 2006.

According to Ernest Papadoyianis, President of Neptune, "Our Blue Heron operations generated positive gross revenues from sales resulting in a small gross profit for the month. This is the first time since the disruption to the business resulting from the two hurricanes which struck the farm in 2005 that Blue Heron has achieved a gross profit. We believe we have turned the corner in our operations at Blue Heron and will now work toward overall profitability for the remainder of the fiscal year."

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 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 once such certification is available. 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.

Contact Information

  • Contact:
    Sal Cherch