SOURCE: Neptune Industries, Inc.

March 07, 2007 08:00 ET

Neptune Industries, Inc. Enters Agreement With American Capital Ventures

BOCA RATON, FL -- (MARKET WIRE) -- March 7, 2007 -- Neptune Industries, Inc. (OTCBB: NPDI) announced today that it has signed an agreement with American Capital Ventures [ACV] to act as its Investor Relations firm.

Mr. Ernest Papadoyianis, President, stated, "Following extensive discussions with many investor relations companies we have decided to engage ACV, based on their outstanding record of achievement. As our company undertakes a series of expansions and the introduction of its technology, the need to keep the investment community and our shareholders up to date is a critical part of our future. We are confident that ACV will exceed our expectations."

Mr. Howard Gostfrand, President, American Capital Ventures, stated, "We are excited to have been selected to represent Neptune Industries, Inc. It is our belief that Neptune has the experience, technology, plans and capital to make a positive and significant impact in its industry."

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. 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 utilized as a suitable replacement for fish meal 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

  • Contact:

    Investor Relations Contact:
    American Capital Ventures, Inc.
    305-918-7000
    Email: Info@amcapventures.com