CALGARY, ALBERTA — (Marketwired) — 09/11/13 — Seair Inc. (TSX VENTURE: SDS) (“Seair” or the “Company”) is pleased to announce that it has engaged Hobbs & Towne, Inc. (“Hobbs & Towne” or the “Firm”) (), an executive search firm that has specialized in the Cleantech and energy space for the last 16 years. The Firm has performed a significant amount of work in the water technology sector and has placed CEO–s and other executives for companies such as APT Water, CRS Reprocessing, Filterboxx and NanoH2O. The Firm works closely with Cleantech and water technology investment firms, including EnerTech Capital, XPV Capital, Kleiner Perkins Caulfield Byers, Khosla Ventures, Chrysalix and BDC Capital. Seair CFO Jim Laird said “We–re excited to work with Hobbs & Towne on this CEO search. They have extensive contacts in the cleantech, water and energy sector. We–re committed to finding the best possible CEO candidate for Seair and we feel that Hobbs and Towne understands our needs and the market better than anyone.”
Seair has appointed Kyle Greene, its Chief Technology Officer, as acting Chief Executive Officer until a new permanent CEO is placed. The Company has also hired a new sales lead for its portable wastewater (Septic) division and a new business development lead to grow its oil and gas and industrial wastewater division.
Seair has also agreed to issue an aggregate of up to 1,049,493 common shares of the Company pursuant to services contracts with three individuals for past consulting and advisory services totaling $134,175. Pursuant to the respective services contracts, the contractor–s invoices may be paid by issuing common shares at various prices per share, which will be at or greater than the current market price of the Company–s common shares. Two of the contractors to be issued shares are former officers of the Company.
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, 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 or visit the Seair website at .
Seair is proud to be recognized as one of the Top 5 Cleantech companies in the TMX 2012 Venture 50.
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 Offering, closing of the Offering and the use of proceeds from the Offering. 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.
Contacts:
Seair Inc.
Jim Laird
CFO
780-477-7188
Hobbs & Towne, Inc.
Andrew Towne
650-283-3472