BOCA RATON, Fla., April 14, 2005 (PRIMEZONE) -- Neptune Industries, Inc. (Pink Sheets:NPNI), today released information that it is responding to the recent Bush Administration's support of offshore fish farming at oil platforms in the Gulf. The Company has immediately begun seeking a strategic partnership for development of an offshore farm utilizing the Company's patent-pending S.A.F.E.(tm) (Solar-powered, Aquaculture, Finfish, Environment) System technology.
The AP article released April 4, 2005, stated, "Thousands of oil and gas platforms in the Gulf of Mexico could be converted into deep-sea fish farms raising snapper, mahi mahi, tuna, etc., under a plan backed by the Bush Administration." "With seafood now accounting for about $7 billion in foreign trade deficit, advocates of deep-sea farming say mariculture would bolster American seafood production and provide much-needed employment to coastal communities ..."
Neptune's President, Ernest Papadoyianis added, "The Administration's recent push to enhance the development of the Gulf's unique abundance of oil platforms is extremely exciting. Our S.A.F.E. technology is ideally suited for this application, and further addresses the concerns associated with environmental issues."
Neptune Industries, Inc. is a diversified seafood company specializing in farmed production, processing, distribution, value-added products, and alternative energy technology for worldwide applications. The Company is a leading producer of hybrid striped bass which it markets internationally as "Everglades Striped Bass."
For further information, visit the Company's website at: www.neptuneindustries.net
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