October 29 , 2004
SEAIR Financing to Raise up to $500,000
EDMONTON, ALBERTA--(CCNMatthews - Oct. 29, 2004) - SEAIR Inc. ("SDS" on the TSX Venture Exchange) Seair Inc. announces that it will be applying to the TSX Venture Exchange to raise up to $500,000 through the issuance of 1,428,571 units at $0.35 per unit, each consisting of one common share and a warrant to acquire a further share at $0.45 if exercised on or before October 31, 2005.
SEAIR's technologies have been successfully demonstrated to potential customers in a variety of industries, including agriculture, sterilization, aquaculture and pulp and paper. The Company will capitalize on this momentum by focusing the sales and marketing efforts to these high potential market segments. Accordingly, the Company will develop industry specific sales and marketing plans, collateral materials and invest in direct sales as well as distributor/agent based resources. The short-term objective is to close multiple sales in each of the targeted high potential market segments. In addition, the Company will engage and train field sales support and installation
personnel to ensure SEAIR products are properly implemented and supported in end-customer situations.
The Company also intends to develop, in conjunction with a third party(s), a long-term equipment lease-financing alternative for our customers.
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.
