SeaMiles Limited

SeaMiles Limited

September 19, 2007 16:30 ET

SeaMiles Private Placement

TORONTO, ONTARIO--(Marketwire - Sept. 19, 2007) - SeaMiles Limited (TSX VENTURE:SEE), North America's premier cruise loyalty provider, today announced that $260,000 was invested in the Company by way of a private placement. Pursuant to the private placement, SeaMiles is issuing 130,000 common shares at a price of $2.00 per share. The hold period for the common shares expires on January 20, 2008. The private placement is subject to final approval by the TSX Venture Exchange.

The proceeds of the private placement will be used for general working capital purposes.


SeaMiles is North America's premier cruise loyalty provider, committed to recognizing and rewarding the cruiser through multiple earning opportunities and best-in-class, maximum award flexibility based on "Any Cruise Line...Any Time". Additional information can be found at

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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