SOURCE: Seakinetics Corporation

December 11, 2008 10:25 ET

Seakinetics Corporation Prepared for Recent Economic Market Fluctuations

NEWMARKET, ON--(Marketwire - December 11, 2008) - Seakinetics Corporation (PINKSHEETS: SKTS), an alternative energy company, states that the corporation has in the last year positioned itself to remain debt free and continues to develop strategic relationships with industry partners.

Despite recent world wide re-valuation of energy prices, namely crude oil and natural gas, Seakinetics has been careful in its approach to the alternative energy markets and especially its development of marine current initiatives.

The management of Seakinetics will continue monitoring conditions in the alternative energy markets and continue to update shareholders on advancements in the energy market as they relate to Seakinetics and company developments. Despite the overall changes in the world economy, the management of Seakinetics is committed to expand and looks forward to its prospects in the next year.

ABOUT SEAKINETICS CORPORATION

Seakinetics Corp is an alternative energy company. Our emphasis is on developing alternative energy projects with emphasis on marine current technologies. The company has a strong management team and effective board dedicated to the alternative energy markets. We are committed to this dynamic market and a robust development program.

FORWARD-LOOKING STATEMENTS

This press release contains "FORWARD-LOOKING STATEMENTS" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release are forward-looking statements based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward looking statements.

Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to the actual results or changes in the company's expectation

Contact Information

  • For more information on Seakinetecs Corp, please contact
    Rhonda Windsor
    905-898-2646
    roni@rogers.com