SOURCE: Neptune Industries, Inc.

May 09, 2008 08:34 ET

Neptune Industries, Inc. Featured on NBC Local News

BOCA RATON, FL--(Marketwire - May 9, 2008) - Neptune Industries, Inc. (OTCBB: NPDI), a next generation aquaculture technology company, headquartered here, said today its waste-to-energy technology was featured Wednesday, May 7, on the 11:00PM NBC Local News 6 in Miami-Dade County, Florida. The segment can be viewed at http://www.nbc6.net/goinggreen/16194147/detail.html.

The news segment, features research sponsored by the State of Florida's Farm-to-Fuel Grant program, and shows how the Company integrates its Aqua-Sphere™ closed containment, fish-rearing equipment with a floating algae production system that uses the waste from the fish as fertilizer for the algae. As a result, fish can be farmed without polluting the water and the surrounding marine environment, while commercial quantities of Algae can be produced for Florida's alternative energy program.

According to Ernest Papadoyianis, Neptune's President, "The need for bio-fuels that are both economically viable and environmentally friendly is tremendous. As the public has come to better understand the problems we face with corn ethanol, algae production has rapidly emerged as one of the top oil sources for bio-fuel."

He said, "The State of Florida has been very proactive in supporting the Farm-to-Fuel program, and our local Dade County is committed to run all its county vehicles on bio-fuel. We intend to create a commercial model for a floating algae production system that can be used in any water environment. The use of water acres will significantly reduce the burden on our valuable farm acres."

About Neptune Industries

Neptune Industries is a technology company which from inception has been committed to achieving sustainable, eco-friendly aquaculture by innovating and pioneering a "total and comprehensive integrated systems solution" approach to the mission critical challenges facing the Aquaculture Industry today. Dwindling supplies of wild caught stocks used for fishmeal, and the continued environmental damage, escapism, and disease caused by self-polluting net pen systems, have severely restricted Industry growth on a global basis.

Our mission is to utilize our expanding production operations base of all-natural, sustainable farm raised seafood products, as the working platform for the development of innovative, next-generation technologies to dissolve current industry bottlenecks. Further, our commitment is one of systems integration that targets "zero waste." Fish, organic produce, and waste-to-energy systems synergize to form a production model with multi-revenue streams.

Thus far, the Company has applied for patents and has made significant progress in the development of three technology platforms, one of which its calls "Ento-Protein"; the second of which it calls "Aqua-Sphere," and the third of which is known it calls its "Aquaponics." Taken together as components of a whole -- this total integrated system solution approach addresses what the company believes to be THE three critical problems stymieing the growth of the Aquaculture industry which will invariably cause it to fall increasingly short of growing world wide demand.

Aqua-Sphere™ is a state-of-the-art scalable, modular, floating closed containment system that is capable of concentrating and removing solid waste, eliminating predation and escapement, utilizing alternative energy for remote applications, and isolating crop from the environment.

Ento-Protein™ is a truly revolutionary development pioneered by Neptune to be a high quality, sustainable protein derived from insects which is intended to be a replacement for the rapidly depleting fishmeal made from wild caught feedstock species, and is currently a $7 billion market.

Aquaponics is the existing practice of integrating fish and plant production through soil-less culture (hydroponics) using the waste effluent as fertilizer. Neptune has advanced the methodology through the use of the Aqua-Sphere™. The hydroponic system provides a revenue stream off of the waste component of the fish production through very high quality organic herbs and vegetables. In addition, as another part of the water treatment and Aquaponics system a derivative product of algae is grown in floating socks, which is 30x more productive than corn on a per acre basis, for the production of bio-diesel.

Finally to validate and test Neptune's solutions and technologies, the Company operates a sustainable fish farming facility in Florida City, Florida called Blue Heron Aqua Farms, Inc. Blue Heron Aqua Farms currently is one of the leading producers of hybrid striped bass, which it markets nationally and 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

  • Company Contact:
    Sal Cherch
    COO
    Tel: (561) 638-5974
    Email: salcherch@neptuneindustries.net

    Investor Relations Contact:
    Ira Weingarten
    Equity Communications
    Tel: (805) 897-1880
    Fax: (805) 897-1883
    Email: ira@equitycommunication.com

    Michael Steinberg
    Chelsea Holdings, Inc.
    1200 N. Federal Hwy., Suite 200
    Boca Raton, FL 33432
    Tel: 561-210-8544
    Fax: 561-210-8545