SOURCE: Neptune Industries, Inc.

January 31, 2007 10:36 ET

Neptune Industries, Inc. Investigates Cooperative Bio-Technology Relationship With Mississippi State University

BOCA RATON, FL -- (MARKET WIRE) -- January 31, 2007 -- Neptune Industries, Inc. (OTCBB: NPDI) announced today that it has begun discussions with Mississippi State University to begin research and development trials on the Company's advanced dietary nutritional component, Ento-Protein™. Ento-Protein™ is a high-quality, sustainable protein derived from insects, and utilized as a suitable replacement for fishmeal in fish and animal diets.

Mr. Ernest Papadoyianis, President, stated: "In our continuing efforts to bring our patent-pending Ento-Protein™ to market, Mr. Sal Cherch, COO, and I recently visited Mississippi State University. MSU's Entomology Department is renowned as a leader in insect rearing, insect nutrition and facilities engineering. Dr. Frank Davis, Professor Emeritus, at the University was our host. Dr. Davis, formerly with the USDA, has traveled the world lecturing on entomology and designing insect rearing facilities. We were very pleased in the warm reception we received and the great interest level in our project. We have now developed a three-phase action plan which will involve the research, pilot production, and design of an automated commercial facility. The plan is to move forward in the development of both feed and rearing protocols with the University acting as the research arm. We regard this visit as a giant step forward in bringing Ento-Protein™ to market."

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 insuring 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 fishmeal in fish and animal diets. 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