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EDMONTON, May 14 /CNW/ - Seair Inc. ("Seair" or the "Company")(SDS:TSX Venture Exchange) is pleased to announce the appointment of Mr. Michael Mayder as the new Chair of Seair's Board of Directors. Mr. Mayder replaces Mr. John Yannitsos as Chair. Mr. Yannitsos stepped down as Chair for personal reasons but will continue to serve as an independent Board member. Mr. Mayder will no longer Chair Seair's Audit Committee, with that role now assumed by Mr. Frank Kobie.
Mr. Mayder joined the Board of Directors of Seair Inc. in December 2006. He is currently the Vice-President Finance and Chief Financial Officer of Maxim Power Corp., a multinational independent power producer that generates electricity and thermal energy in Canada, the United States, and France.
Mr. Mayder has over twenty-five years of business development, finance and accounting experience in the electrical energy and utility sectors. Prior to joining Maxim in 2007, Mr. Mayder held various senior positions at Enmax Corporation including Vice President of Business Development, Treasurer, and Director of Finance. Mr. Mayder is a Certified Management Accountant, receiving the Alberta Silver Medal for accomplishments in this program, and has a Masters of Business Administration degree from the University of Calgary, graduating on the Dean's list in 2001.
Harold Kinasewich, Seair President and CEO, states "We look forward to Mike Mayder's leadership on the Board. His fresh perspective and understanding of Seair will no doubt add to Seair's ability to continue commercialization of our highly efficient diffusion-based applications. At the same time I wish to thank John Yannitsos, on behalf of all Seair staff and shareholders, for his years of dedication as Seair's Chairman."
Seair is a leading developer of patent-protected diffusion and sterilization technologies, which allow for the efficient diffusion of gases into liquids, thereby facilitating numerous applications in a wide variety of industries, including wastewater treatment, pulp and paper production, 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 supersaturated solution. The major difference between Seair's and others' 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.
Seair Inc. is proud to have been selected as one of the "2008 TSX Venture 50", a ranking of the top 10 public venture capital companies in 5 industry sectors listed on the TSX Venture Exchange.
Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to email@example.com 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.
For further information: For further information: Harold Kinasewich, Seair Inc., T: (780) 477-7188, F: (780) 477-6622, E: firstname.lastname@example.org