EDMONTON, Jan. 24 /CNW/ - Seair Inc. (SDS:TSX Venture Exchange) is
pleased to announce Mr. Kyle Greene, Seair's Research and Development Manager,
has been elected to the Board of Directors of the Alberta Onsite Wastewater
Management Association. Mr. Greene leads the technical aspects of Seair's
municipal wastewater treatment business.
The Alberta Onsite Wastewater Management Association ("AOWMA") is the
provincial not-for profit organization established to educate, train and
certify industry professionals. The association engages its member installers,
septage haulers, suppliers, municipalities and provincial government
departments to arrive at sound practices that strengthen the industry, and
ensure safe and effective septage management for all rural Alberta.
Harold Kinasewich, President and CEO of Seair states "We congratulate
Kyle on this accomplishment. His presence on the AOWMA further demonstrates
Seair's growing presence and influence in the wastewater treatment industry."
In addition, Seair announces it has approved the grant of 540,000
incentive stock options, exercisable at $2.90 per share for 5 years, to
certain key employees, officers and directors as part of the ongoing human
resources retention program. Approximately 70% of the options were granted to
Officers and Directors. 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 options issued to directors and
officers of the Corporation 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 is a leading developer of patent protected diffusion and
sterilization technologies which allow for the efficient diffusion of gases
into a liquid, thereby facilitating numerous applications in a wide variety of
industries including wastewater 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 email such request to
email@example.com or visit the Seair website at www.seair.ca.
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 or future events. Such statements are subject to a
number of risks, uncertainties and assumptions. Actual results and events may
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Harold Kinasewich, Seair Inc., T: (780)
477-7188, F: (780) 477-6622, E: firstname.lastname@example.org