SEAIR ANNOUNCES APPOINTMENT OF NEW DIRECTOR AND GRANTING OF STOCK OPTIONS
Edmonton, Alberta CANADA, April 19, 2007 /FSC/ - Seair Inc. (SDS - TSX Venture), ("SEAIR") is pleased to announce that it has appointed Mr. Clarence Muzechka to its board of directors effective April 19, 2007. Mr. Muzechka is currently the President and Chief Operating Officer of Titan Supply LP in Edmonton, Alberta. He has over thirty years of experience throughout Canada, United States, Asia and Europe in the industrial distribution and fabrication business. Mr. Muzechka is active in the business community, participating in many associations and currently sits on the Board of Directors of Associated Wire Rope Fabricators, an organization which serves over 300 member companies worldwide. The appointment as a SEAIR director is subject to the approval of the TSX Venture Exchange.
In conjunction with his appointment, SEAIR has granted Mr. Muzechka 80,000 options to acquire SEAIR common shares. The options shall vest and become exercisable on the date that the approval of the TSX Venture Exchange is received. The options shall be exercisable at a price of $1.60 per share for five years from the date of grant and are subject to the provisions of the company's Stock Option Plan. The common shares which may be issued upon exercise of the options shall be subject to a four month hold period from the date of grant.
About SEAIR
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 waste water treatment, pulp and paper, food processing, aquaculture, agriculture/horticulture, sterilization, golf course irrigation and pond treatment, animal enhancement and oil and gas. 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 SEAIR's ability to achieve extremely small bubble size, which in turn allows for the mass transfer of gas to fluid. The result is a stable condition where gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. SEAIR provides diffusion-enhanced portable wastewater treatment plants through its subsidiary, Seair Septic.
Parties interested in obtaining further information or receiving news releases and corporate documents from SEAIR may e-mail such request to seair@telus.net visit our SEAIR web site at: www.seair.ca .
FOR FURTHER INFORMATION PLEASE CONTACT:
Harold Kinasewich
SEAIR Inc.
T: 780 477 7188
F: 780 477 6622
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.
