Cook Islands Government Supports Neptune Industries, Inc. Joint Venture.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- The Honorable Dr. Robert Woonton, Prime Minister of the Cook Islands The Prime Minister of the Cook Islands is the most powerful official within the government of the Cook Islands, a self-governing territory in free association with New Zealand. The office was established in 1965, when self-government was first granted to the islands. , on November 1, 2004 issued a statement to South Pacific Aqua Technologies, Ltd. (SPAT) saying: "The Government of the Cook Islands gives its full and unqualified support for your efforts in the Cook Islands and Pacific region." Neptune (Pink Sheets:NPNI), recently announced that it had signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with SPAT, which paves the way for international application of Neptune's revolutionary new eco-friendly, aquaculture aquaculture, the raising and harvesting of fresh- and saltwater plants and animals. The most economically important form of aquaculture is fish farming, an industry that accounts for an ever increasing share of world fisheries production. technology. Mr. Ernest Papadoyianis, President of Neptune, said: "Our new technology will enable farms worldwide, to produce many high-valued seafood species, while eliminating the waste often associated with near-shore fish farming." Mr. Alava'a Navy Epati, President of SPAT and a resident of the Cook Islands, said, "I share my government's enthusiasm about the immense possibilities the eco-pods offer for our aquaculture advancement." "Where imagination meets political will, the result is always a paradigm shift A dramatic change in methodology or practice. It often refers to a major change in thinking and planning, which ultimately changes the way projects are implemented. For example, accessing applications and data from the Web instead of from local servers is a paradigm shift. See paradigm. of a magnitude without parallel, and South Pacific Aqua Technologies, Ltd.'s (SPAT's) partnership with Neptune Industries is exactly that. The eco-pods will have endless applications for the Cook Islands fish and seafood resources. According to the Secretary of Marine Resources Ian Bertram, himself an authority on the pearl oyster culture, with appropriate modifications this technology could revolutionize the industry immediately." 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 A hybrid striped bass or a wiper is a hybrid between the striped bass (Morone saxatilis) and the white bass (M. chrysops). It can be distinguished from the striped bass by broken rather than solid horizontal stripes on the body. which it markets internationally as "Everglades Striped Bass striped bass moronesaxatilis. ." For further information, visit the Company's website at http://www.neptuneindustries.net or call Sal Cherch at 561-638-5974. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. The Company will remain dependent upon future financing for its growth and development, and for it to successfully implement its business plan. No statement contained herein should be construed as indicating that such financing is or will be available, and if available, will be on terms favorable to the Company. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion