September 28 , 2004
SEAIR appoints Chief Financial Officer
Edmonton, Alberta – September 28, 2004, SEAIR Inc. (“SDS” on the TSX Venture Exchange) is pleased to announce Michael J. Zelen has joined the Corporation in the capacity of Chief Financial Officer. Mr. Zelen has held a number of executive positions with ACD Systems International Inc. (TSX:ASA) including Chief Financial Officer, President and Chief Executive Officer. He is a Chartered Accountant, Chartered Business Valuator and Certified Fraud Examiner with over 20 years experience
in both public practice and in executive positions with technology companies.
President Harold Kinasewich states, “We are extremely pleased to add Mr. Zelen’s experience, expertise and enthusiasm to SEAIR’s management team. With each passing day SEAIR’s patented diffusion systems are gaining greater recognition and commercial acceptance in a number of exciting areas. Enhancing and professionalizing our management team with the addition of Mike Zelen is an important step in taking SEAIR to the next level.”
SEAIR Inc. also gives notice that it will be making application to the TSX Venture Exchange seeking price protection to permit the granting of 230,000 stock options at an exercise price of $0.40 per share to its directors, employees and consultants pursuant to the Corporation's Stock Option Plan. The options expire five years from the date of the grant.
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.
