Thursday, 1 December 2011

Neptune’s Q3/F12 Guidance Calls For Record Revenue - $5-5.25 million

Neptune Technologies & Bioressources
TSXV: NTB - NASDAQ: NEPT
Basic Shares: 48.2 million
Fully diluted: 53.9 million

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Today, Neptune Technologies & Bioressources announced that it expects that the third quarter 2012 ended November 30, 2011 will see revenues of between $5 - $5.25 million. A solid increase of 17% to 22% over the same quarter last year.

Neptune management cites the U.S. rollout of its Neptune Krill Oil (NKO™) as a major contributor to the increase in revenue. Natrol® is currently distributing and selling NKO™ throughout the US. The name of the product on WalMart and Walgreen shelves is “Natrol® Omega-3 Krill Oil”. Click here to view Natrol’s webpage dedicated to its NKO™ product.

WalMart hasn’t posted the product online yet; however you can check out the product available on the Walgreens website by clicking here.

To view the full news release, please click here