BOCA RATON, Fla., Nov. 15, 2005 (PRIMEZONE) -- Neptune Industries, Inc. (OTCBB:NPDI) announced today that effective Friday, November 11, 2005, the Company became a listed security on the OTC -- Bulletin Board. The OTC-BB listing is the result of the approval of a Form 211 filing with the NASD in early July, 2005. The trading symbol for the company remains the same, NPDI.
Neptune President, Ernest Papadoyianis, stated, "After a lengthy 4 1/2 month process, we have finally achieved one of our primary objectives by attaining a listing for our common stock on the Bulletin Board. We have long felt that such a listing would allow us to explain our story and our mission to a broader, more diverse investor audience. Since we have been a fully reporting company, the continued trading of our common shares on the Pink Sheets was a disservice to our shareholders and to other potential investors. On behalf of all of our current shareholders, we are very pleased to complete this stepping stone in our business development model."
Based in Boca Raton, Florida, the Company currently operates the Blue Heron Aqua Farm site in Florida City, Florida, one of the nations leading producers of Hybrid Striped Bass marketed internationally as "Everglades Striped Bass". In addition, the Company is in the process of completing final testing on its patent pending, scalable, modular aquaculture technology known as the SAFE System (Solar powered, Aquaculture, Finfish, Environment) that successfully addresses the concerns for a clean environment and the highest quality seafood at an affordable price.
For further information, 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.