September 14, 2004
EDMONTON, ALBERTA, September 14, 2004 – SEAIR Inc. (“SDS” on the TSX Venture Exchange) is pleased to announce an agreement with current and past Management to convert outstanding compensation payable into shares. As of August 31, 2004, $233,250 of debt payable to management for accumulated unpaid compensation will be converted to 466,500 shares at a rate of one share per $.50 of debt. This initiative is subject to regulatory approval.
SEAIR Inc. believes this initiative will provide leadership to investors and will be interpreted as a strong expression of the Company's confidence in its technology and future corporate success.
SEAIR is engaged in the development, manufacture and sales of its proprietary diffusion and sterilization technologies with applications in various industries throughout North America and globally. The Corporation is actively involved in the North American Greenhouse industry within which it has been successful in the implementation and sales of its greenhouse nutrient diffusion technologies. Further applications of oxygenation and sterilization in industries such as Aquaculture, Aquaponics and Horticulture as well as other environmentally benign sterilization applications, and waste water bio-remediation are currently being developed and tested.
Parties interested in obtaining further information or receiving news releases and corporate documents from SEAIR may e-mail such request to ir@boardmarker.net or visit the SEAIR web site at:www.seair.ca
FOR FURTHER INFORMATION PLEASE CONTACT:
Boardmarker Consultancy Group
T: 403 517 2270
F: 403 517 2289
E: ir@boardmarker.net
Harold Kinasewich
SEAIR Inc.
T: 780 477 7188
F: 780 477 6622
E: seair@telus.net
This News Release includes certain “forward-looking statement” as such term is commonly understood. There can be no assurance that such statement will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement. Important factors that could cause actual results to differ materially from the Corporation’s expectations include, among others, the ongoing results of current search. All subsequent written and oral forward-looking statements
attributable to the Corporation or persons acting on its behalf are expressly qualified in their entirety by this notice. While the Corporation anticipates that subsequent events and developments may cause the Corporation’s views to change, the Corporation specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the Corporation’s views as of any date subsequent to the date of this release.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
