Seprotech Systems Incorporated

Seprotech Systems Incorporated

April 25, 2007 16:43 ET

Seprotech Grants Options

OTTAWA, ONTARIO--(CCNMatthews - April 25, 2007) - Seprotech Systems Incorporated (TSX VENTURE:SET) is announcing that it has granted a total of 550,000 stock options at an exercise price of $0.14 per share to members of its Board of Directors and Senior Management pursuant to the stock option plan.

The Company stock option plan caps the total number of options at 4,000,000. The option grants today are within the cap. During the year, 755,000 options expired or were cancelled. The outstanding options have exercise prices ranging from $0.10 to $0.26 per share.

Seprotech is listed on the TSX Venture Exchange under the ticker symbol SET. The Company is a provider of environmental solutions in water and wastewater to the land development, municipal, industrial and military marketplace using its proprietary membrane and biological technologies.

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 Incorporated
    Mr. Robert J. Searle, CFO
    Investor Relations
    613-731-0851 (FAX)