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CALGARY, Oct. 17, 2012 /CNW/ - Seair Inc. (TSX.V:SDS) ("Seair") is pleased to announce the appointment, [subject to regulatory approval], of Mr. Ric Charron to Acting President and Chief Executive Officer. Mr. Charron will assume this office permanently upon completion of the Company's current private placement. Mr. Charron has significant experience and success in start up companies and reorganizations. Mr. Charron was CEO and a director of Xtreme Coil Drilling Corp. from its inception in 2005 until July of 2008. Xtreme had revenues over $100 million in 2011. In 2009 and 2010, he was a consultant to Kenda Capital, a company that manages the Shell Technology Ventures Fund 1 and which focuses on developing and launching new technologies in the energy sector. Mr. Charron acted as interim CEO of one of Kenda's investment recipients, Skyhook International. Mr. Charron was CFO of ITRES Research Limited between 2003 - 2005 and CEO, CFO and director of Wrangler West Capital Corp. between 2000 - 2003. He was also CFO of Zedisolutions Inc., an oil and gas technology and services company, between 2000 - 2001. He was the CFO for Net Sheppard from 1998 until 2000 when the company was sold. Based in Calgary, Alberta, Mr. Charron has a BA Economics and Math from Brock University, an MBA Finance from Queen's University and is a Certified Management Accountant. Mr. Charron will be spearheading the new direction of the company and focusing its resources on the oil and gas industry for the immediate future.
The Company would also like to announce the appointment of Mr. Paul Casey to its board of directors, subject to the approval of the TSXV and the completion of the Company's current Private Placement. Mr. Casey is a CA and is currently the Vice President and Chief Financial Officer of TerraVest Industries. Prior to being appointed to his current position in 2007, Mr. Casey was Vice President and Corporate Controller of TerraVest Industries from 2004 to 2007. Mr. Casey also served as Chief Financial Officer for Laniuk Industries Inc., the predecessor corporation before the formation of TerraVest Income Fund. Mr. Casey is a member of the Institute of Chartered Accountants of Alberta. The Company expects to announce additional new personnel in the near future.
Seair Inc. (TSX.V:SDS) develops proprietary equipment that diffuses gases, such as oxygen, ozone and carbon dioxide, into liquids. Seair's patented technologies can produce micron size 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 treatment 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.
Statement Regarding Forward Looking Information
This news release of Seair contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Seair's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements regarding Seair's expectations regarding the regulatory approval of the Offering, closing of the Offering and the use of proceeds from the Offering. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Seair's expectations. Seair undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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 news release..
SOURCE: SEAIR Inc.
For further information:
Ric Charron, CEO