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EDMONTON, Sept. 17, 2012 /CNW/ - Seair Inc. (SDS:TSX Venture Exchange) today announced that Mr. Harold Kinasewich has resigned as Seair's President and CEO and as a member of Seair's Board of Directors effective September 13, 2012. The Company's Board of Directors has initiated the process of selecting a new CEO and director to fill the vacancies. In the interim, Mr. Chris Kinasewich will assume the responsibility of acting President and CEO. Chris has been Vice President of Seair for the past number of years and has been a key contributor to the growth of the company and the commercialization of its products.
Mr. Kinasewich founded Seair and is the co-inventor of the Company's core patented diffusion technology. He served in various capacities with the Company and was the President and CEO since 2004. As the largest shareholder of Seair, Mr. Kinasewich remains committed to the future success of the Company. The staff and board of Seair wish to thank Mr. Kinasewich for his immeasurable contributions to the Company since its inception.
Seair develops proprietary equipment that diffuses gases, such as oxygen, ozone and carbon dioxide, into liquids. Seair's patented technologies can produce extremely small bubbles which are more efficient than other diffusion technologies. The result is a stable condition, where gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. This, in turn, facilitates gas-based treatment of complex and challenging wastewater and allows Seair to provide full water reuse and closed loop systems.
Seair applications include frac and produced water treatment, efficient aeration of industrial ponds, mine dewatering, end-to-end sewage treatment for permanent residential communities and remote work camps, golf course irrigation and pond treatment, and oil sands/SAGD water solutions.
Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to [email protected] or visit the Seair website at www.seair.ca.
This news release contains forward-looking statements relating to the future operations of the Seair Inc. and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Seair Inc. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release are made as of the date of this news release, and Seair Inc. does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: SEAIR Inc.
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E: [email protected]