| Neptune & Acasti Reappoint The Howard Group as Investor Relations Consultant |
| Tuesday, August 28 2012 | |||||||
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Neptune & Acasti Reappoint The Howard Group as Investor Relations Consultant
Laval, Québec, CANADA – August 28, 2012 – Neptune Technologies & Bioressources Inc. (“Neptune”) (NASDAQ.NEPT - TSX.NTB) and Acasti Pharma Inc. (“Acasti”) (TSX-V.APO) are pleased to announce the extension of the relationship with The Howard Group as companies’ investor relations consultant. "We are very happy to have the Howard Group supporting our Investor Relations efforts," said Andre Godin, CFO of Neptune. "The Howard Group is aligned financially through its share ownership of Neptune and Acasti. The Howard Group knows our Companies well through a relationship of more than five years in total." Since 1988, the Howard Group has provided comprehensive investor and financial relations, business development solutions and in-depth strategic planning to public companies. The Howard Group is associated with the Insight Limited Partnership II, which invests in micro and small cap companies. Traditional and new online initiatives will be directed at the investment community and investing public on behalf of Neptune and Acasti to increase the following and participation of the market in those two Companies. The term of the IR Agreement is for a period of 12 months. In addition to a fee of $6,000 per month, The Howard Group has been granted options to purchase an aggregate total of 50,000 common shares of Neptune at a price of $5.00 per share and 50,000 common shares of Acasti Pharma at a price of $2.50. The options will vest in equal amounts over an 18 month term. The Agreement and the options granted are subject to the board of directors and regulatory approvals.
Neptune is an industry-recognized leader in the innovation, production and formulation of science-based and clinically proven novel phospholipid products for the nutraceutical and pharmaceutical markets. The Company focuses on growing consumer health markets including cardiovascular, inflammatory and neurological diseases driven by consumers taking a more proactive approach to managing health and preventing disease. The Company sponsors clinical trials aimed to demonstrate its product health benefits and to obtain regulatory approval for label health claims. Neptune is continuously expanding its intellectual property portfolio as well as clinical studies and regulatory approvals. Neptune’s products are marketed and distributed in over 30 countries worldwide.
NeuroBioPharm is pursuing pharmaceutical neurological applications, and a clinical study for a medical food product with a multinational partner is already initiated. The development of a prescription drug candidate is currently in progress. Advanced clinical development and commercialization is planned to be carried out with multinational partners.
"Neither Nasdaq nor the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
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Mr. Dave Burwell Toll Free: 1-888-221-0915 +1 403 221.0915 [email protected] www.howardgroupinc.com |
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