Neptune Industries Reports Favorable Phase II Trial Results on Ento- P...( Results Set Stage for Development o...),Health

Results Set Stage for Development of Sustainable, Organic Livestock and

Fish Feeds

BOCA RATON, Fla., Dec. 4 /PRNewswire-FirstCall/ -- Neptune Industries, Inc. (OTC Bulletin Board: NPDI), a next generation aquaculture technology company with diversified interests in production system technology, food science, sustainable seafood, waste-to-energy production, and related natural and organic food products, announced today that Phase II trials on the Company's Ento-Protein(TM) research has been successfully completed.

The completion of Phase II trials represents the pivotal milestone in developing a viable dietary protein alternative in the $7 billion dollar market for fishmeal. Phase I selected four species of suitable insects based upon a myriad of key production and nutritional parameters. The industry has been focused on vegetable-based alternatives, however these proteins are not well digested by carnivorous fish. Phase II trials proved that fish fed a diet containing Ento-Protein(TM) actually tasted better than those fed fishmeal. The final trial, Phase III, will be used to select the proper blend of insects to achieve the fastest growth rate and optimum digestibility in farm raised fish. The Company anticipates completing the Phase III trial in the first quarter of 2008, constructing its first pilot production facility, and bringing product to market by year end.

The Phase II trials compared juvenile hybrid striped bass fed on a typical fishmeal-based diet, with those fed with Neptune's Ento-Protein(TM), consisting of 100% of the fishmeal portion of their diet. Phase II trial results indicated that the fish fed with Ento-Protein(TM) did not change their behavioral patterns. A panel of sensory experts that evaluated the trials indicated that they favored the fish fed with Ento-Protein(TM) over those fish fed with traditional fishmeal.

Ento-Protein(TM) is a patent-pending high protein fishmeal deriv
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