Neptune Industries, Inc. Completes First Phase of Eco-Tank Patent Process

BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 27, 2004--Neptune Industries, Inc. (Pink Sheets - NPNI), Boca Raton, Florida, today released information that it has successfully completed the first phase of the patent application process. The Company's patent attorneys issued a very positive Letter of Opinion with regard to the detailed patent search, thereby clearing the way for the application process.

Neptune President, Ernest Papadoyianis, stated, "This is a critical first step for us in securing patents on our technologies. We believe the Eco-tank's multi-faceted technologies could open up many areas of the world that are currently not feasible for commercial seafood production. Achieving this objective would change the future of our industry in the way it impacts the world's future supply of sustainable seafood."

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 or call Sal Cherch at 561-638-5974.

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.