Seair Announces New Chief Financial Officer

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CALGARY, Oct. 24, 2012 /CNW/ - Seair Inc. (TSX.V:SDS) ("Seair") is pleased to announce the appointment (subject to regulatory approval) of Mr. Greg Marr to Acting Chief Financial Officer ("CFO"). Mr. Marr will assume this position permanently after completion of Seair's private placement. Mr. Marr is Chartered Accountant with over twenty five years of experience in finance, financial reporting and corporate income tax. He worked as a CFO, VP Finance and Controller, for various public and private oil and gas corporations.  Since 2002, he has worked as a management consultant and has been the CFO and or a director of West Isle Energy Inc., Sentinel Rock Oil Corporation, Detector Exploration Ltd. and Pan Terra Industries Inc., all public corporations.   He recently was CFO for a public oil and gas corporation with its entire operations in a foreign jurisdiction. Mr. Marr graduated from the University of Alberta with a BCom in 1978 and obtained his Chartered Accountant designation in 1982.

Mr. Marr will be replacing Michael Zelen, who has been Seair's CFO for the last 8 years. Mr. Zelen will be working with Mr. Marr through the transition. Seair would like to thank Mr. Zelen for his years of service as Chief Financial Officer of Seair and look forward to working with him through the completion of the restructuring of Seair.

ABOUT SEAIR

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.

Seair is proud to be recognized as one of the Top 5 Cleantech companies in the TMX 2012 Venture 50.

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.

Ric Charron, CEO
780-477-7188 
[email protected]