Neptune Industries, Inc. Completes Merger, 1 for 6 Stock Reduction and Is Now a Fully Reporting Company

Market Wire, June, 2005

Neptune Industries, Inc. (OTC: NPNI), said today it has completed a previously announced reverse merger with Move Films, Inc., a fully reporting company for SEC purposes. Neptune Industries is the surviving entity in the merger. According to Ernest Papadoyianis, President of Neptune Industries, "The purpose of the transaction was to create a faster, smoother path to a listing on the Bulletin Board. As a fully reporting and trading public company, Neptune should be able to offer a better investment opportunity to its current shareholders as well as to new investors. It will also be able to now apply for trading of its shares on the OTC Bulletin Board market."

As part of the merger transaction, the Neptune Industries Board of Directors also approved a 1 for 6 share reduction of the common stock of the company, effective June 16. This will reduce the outstanding number of shares of the company to 10,046,382. NASDAQ has been notified of the share reduction and it is anticipated that Neptune Industries' common stock will be receiving a new trading symbol within the next few days.

Based in Boca Raton, Florida, Neptune Industries, Inc. is developing a scalable modular aquaculture technology called SAFE that successfully addresses concerns for a safe environment and for the highest quality fish at an affordable price. The company currently operates the Blue Heron Aqua Farm in Florida City, FL, and is a leading producer of hybrid striped bass, which it markets internationally as Everglades Striped Bass.

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.

For further information, please visit the Company's website at: www.neptuneindustries.net

Sal Cherch 561-638-5974 Investor Relations: Jack Eversull Email Contact 972-991-1672