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Neptune Technologies Reports Record Fiscal 2008 Fourth Quarter and Year End Results
Date:8/28/2008

-- Company provides revenue guidance and strategic plan 2009/ 2010 --

LAVAL, QC, Aug. 28 /PRNewswire-FirstCall/ - Neptune Technologies & Bioressources Inc. ("Neptune") (NASDAQ.NEPT - TSX.V.NTB) today reported its financial results for the fourth quarter and year ended May 31, 2008. The Company achieved record revenues for the fourth quarter of fiscal year 2008 and has achieved its sixth consecutive year of record revenues.

Financial Highlight 2008

------------------------

- Revenues for the fiscal year ended May 31, 2008 totalled a record

$10,264,000, a 26.3% increase compared to the fiscal year ended May 31,

2007 with revenues of $8,126,000.

- The Company increased its sales in all geographic areas during the

fiscal year ended May 31, 2008, with the exception of Canada. Total

North America sales grew by 6.34% to $6,749,000 and in the United

States, sales increased by 15.1% to $5,765,000. Sales in Europe

increased by 10.5% to $1,727,000 and sales in the Asia-Pacific region

rose considerably by 727% to $1,788,000.

- The Company substantially increased its productions, generating growth

of 54% in sales volume, which is, however, not fully reflected in the

revenue increase, due to the impact of the U.S. dollar devaluation on

more than 82% of the Company's sales.

- EBITDA(1) for fiscal year 2008, ended May 31, 2008 decreased to

$1,020,000 compared to the previous fiscal year, ended May 31, 2007, of

$1,504,000, mainly due to expenses related to the devaluation of the

U.S. dollar, implementation of compliance with internal control

regulations (52-109, Sarbanes-Oxley) and in an ERP(2) management

software and quality assurance program.

Neptune Strategic Plan 2009/ 2010

---------------------------------

In its 2009 and 2010 strategic plan, the Company plans to focus on strengthen
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SOURCE NEPTUNE TECHNOLOGIES & BIORESSOURCES INC.
Copyright©2008 PR Newswire.
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