Seprotech Systems Incorporated

Seprotech Systems Incorporated

October 17, 2007 17:00 ET

Seprotech Announces Engagement of M Partners

OTTAWA, ONTARIO--(Marketwire - Oct. 17, 2007) - Seprotech Systems Inc. (TSX VENTURE:SET) is pleased to announce that it has engaged the services of M Partners Inc., a Toronto-based investment bank, to facilitate introductions to select institutional investors with a view to increasing Seprotech's visibility in the investment community and broadening its base of institutional shareholders, either through secondary market purchases or a private placement. There is no commitment by Seprotech to proceed with any private placement, or that any purchase will occur, or if they do, on what terms. If a private placement closes as a result of introductions made by M Partners, Seprotech will pay a finder's fee to M Partners. Any private placement would be subject to approval by the TSX Venture Exchange.

Seprotech has made recent announcements relating to the release of a new core technology, as well as the acquisition of P.J. Hannah Equipment Sales Corporation in British Columbia and the shifting of production to Mexico. These highly strategic and interlocking steps will be consolidated over the coming weeks. Seprotech's intention would be to use any financing to fund future growth and other strategic activities beyond currently announced plans.

Seprotech is a provider of pre-engineered water and wastewater treatment plants to the land development, industrial and military market place, including membrane-based water treatment systems and the ROTORDISK® biological wastewater treatment systems.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Some of the statements in this press release, including those relating to the Company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.

Contact Information

  • Seprotech Systems Inc.
    Mr. Robert J. Searle, CFO
    Investor Relations
    613-731-0851 (FAX)