September 18, 2006
SEAIR ANNOUNCES OPERATIONS MANAGER FOR SEAIR SEPTIC AND CLOSING
OF PRIVATE PLACEMENT
Edmonton, Alberta, September 18, 2006: SEAIR Inc. (SDS: TSX Venture Exchange) SEAIR
Inc. (“SEAIR”) is pleased to announce the hiring of Mr. Donald A. Walker as Operations
Manager for its subsidiary Seair Septic Inc. Mr. Walker brings 12 years of experience in the Oil
and Gas Industry involving environmentally sensitive issues at both corporate and government
levels. He is a member of the Alberta Onsite Wastewater Management Association and will be
responsible for establishing and directing exceptional environmental stewardship for customers of
Seair Septic.
Harold Kinasewich, President of SEAIR, states: “Donald has a solid reputation in the Oil and Gas
Service industry. His strong operational discipline, technical knowledge and experience in the
wastewater management industry will be beneficial to us as we move forward with establishing
Seair Septic as a leader in environmentally friendly waste solutions in the oil and gas service
sector.”
SEAIR is also pleased to announce that at the close of business on September 15, 2006 it closed
its previously announced private placement of units at $0.35 to related parties. Each unit is
composed of one common share (the “Shares”) and one Share purchase warrant (the “Warrants”).
The Shares, Warrants, and Shares issued pursuant to Warrants will be subject to a 4-month hold
period. The financing was non-brokered and no commission was paid.
Insiders of SEAIR purchased an aggregate of 100,000 Units in the placement for an aggregate of
$35,000. SEAIR has determined that an exemption from the valuation and minority approval
requirements of the Ontario Securities Commission Rule 61-501 is available as the Shares offered
pursuant to the private placement and the consideration received by SEAIR from the insiders and
related parties does not exceed $2,500,000, and because the fair market value of the consideration received from insiders does not exceed 25% of SEAIR’s market capitalization.
SEAIR also announces the granting of 70,000 stock options at an exercise price of $0.35 per
share to employees of Seair Septic pursuant to the Corporation's Stock Option Plan. The options
expire five years from the date of the grant.
The corporation is also pleased to report that as of August 31, 2006, all amounts owing in
connection with the convertible debenture have been converted into 260,000 common shares, at
an effective price per share of $0.4325.
SEAIR is a leading developer of proprietary diffusion and sterilization technologies. These
patent pending technologies allow for the efficient diffusion of gases into a liquid, thereby
facilitating numerous applications in a wide variety of industries, including potable and waste
water treatment, pulp and paper, aquaculture, agriculture/horticulture, sterilization, golf course
irrigation and pond treatment, animal enhancement and oil and gas. In addition, SEAIR’s
subsidiary, Seair Septic, specifically targets the wastewater treatment for the remote camps of the oil and gas drilling industry with a fleet of diffusion-enabled portable wastewater treatment
systems. SEAIR's primary focus is developing and selling equipment that diffuses gases such as
oxygen, ozone or carbon dioxide into a liquid, resulting in a supersaturate solution. The major
difference between SEAIR and other diffusion technologies is the ability to achieve extremely
small gas bubble size, which in turn allows for the mass transfer of gas to fluid. The result is a
stable condition where the gases remain in solution for extended periods of time, leading to
increased productivity and lower operating costs.
Parties interested in obtaining further information or receiving news releases and corporate
documents from SEAIR may e-mail such request to seair@telus.net or visit our SEAIR web site
at: www.seair.ca.
Final Exchange acceptance of the transaction is subject to SEAIR fulfilling all of the
requirements of the Exchange.
FOR FURTHER INFORMATION PLEASE CONTACT:
Harold Kinasewich
SEAIR Inc.
T: 780 477 7188
F: 780 477 6622
E: Seair@telus.net
This news release may contain certain forward-looking statements that reflect the current
views and/or expectations of SEAIR INC. with respect to its performance, business and
future events. Such statements are subject to a number of risks, uncertainties and
assumptions. Actual results and events may vary.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
