BOCA RATON, FL -- (MARKET WIRE) -- 05/13/08 --
Neptune Industries, Inc. (OTCBB: NPDI),
headquartered here, today announced that Mr. Daniel Hickey has accepted the
position of Vice President Finance and Planning effective May 11, 2008.
Mr. Hickey has over twenty years of experience on Wall Street in financial
and portfolio management capacities. He is currently the principle of
Stepping Stones Management, LLC, a registered investment adviser, and
Stepping Stones Partners, LP, a private investment partnership specializing
in emerging growth companies. Prior to launching Stepping Stones in 2004,
Mr. Hickey was the Senior Managing Director of Thomas Group Capital, and a
portfolio manager for Thomas Asset Management. He was also a Vice President
- Investments at A.G. Edwards, and held a similar post at Merrill Lynch.
Mr. Hickey has a BA degree from the College of the Holy Cross, and an MBA
in Financial Management from Pace University.
The company's President, Mr. Ernest Papadoyianis, stated, "Mr. Hickey's
addition to our team is an extremely positive move in the Company's
management growth. Mr. Hickey and Stepping Stones Partners have been
shareholders in Neptune since 2001. Throughout that period, he has acquired
a tremendous amount of background and knowledge of our industry, operations
and technology applications. His ability to convey this information to the
investment community, as well as analyze financial opportunities will be a
significant help as we expand the company. During the past year, we have
continued diversifying our management team by filling upper management
positions in our farming and product development divisions."
Mr. Hickey stated, "I am excited to join Neptune's management team whose
vision has developed important disruptive technologies bringing
environmentally friendly solutions to the global food shortage. With the
clean-tech investing sector experiencing rapid growth, I believe Neptune is
uniquely positioned to quickly bring these technologies to market. It will
be a pleasure to work with the fine group of experienced professionals the
founders have assembled."
About Neptune Industries
Neptune Industries is a technology company which from inception has been
committed to achieving sustainable, eco-friendly aquaculture by innovating
and pioneering a "total and comprehensive integrated systems solution"
approach to the mission critical challenges facing the Aquaculture Industry
today.
