Seair Inc.
TSX VENTURE : SDS

Seair Inc.

August 08, 2014 15:04 ET

Seair Subsidiary Sells Portable Septic Fleet Assets

CALGARY, ALBERTA--(Marketwired - Aug. 8, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Seair Inc. ("Seair" or the "Corporation") (TSX VENTURE:SDS) is pleased to announce that its subsidiary, Seair Septic Inc. ("Septic"), has entered into a contract to sell the bulk of its portable septic fleet to a seismic data company (the "Buyer") for $600,000. Septic management believes that the septic equipment may command a higher price this fall when field activity levels increase. To facilitate Septic obtaining a higher price for the assets, the contract provides for Buyer and Septic to collaborate to re-sell this equipment for a sum in excess of $600,000 and share the proceeds.

As previously announced, Seair's focus is to develop business opportunities in the applications and global markets where the company's diffusion technology delivers the highest value. The company has redeployed resources in this new direction and this transaction accelerates working capital into the company for that purpose.

ABOUT SEAIR

Seair Inc. (TSX VENTURE:SDS) is a Calgary based cleantech company. Seair has commercialized proprietary technology that can diffuse gases, such as oxygen, ozone and carbon dioxide, into liquids more effectively and with lower power consumption than the competition. Seair's patented technologies can produce micron size bubbles that are more efficient than other diffusion technologies because the diffused gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. Seair has been working with customers in the Oil and Gas industry for over five years.

Seair applications include oil sands SAGD water solutions, frac and produced water treatment, industrial ponds treatment, mine dewatering/treatment, end-to-end sewage treatment for permanent residential communities and remote work camps, golf course irrigation and pond treatment and most recently, industrial emissions treatment. Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to info@seair.ca 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 Private Placement and closing of the Private Placement. 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.

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

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