Seychelle Reports Archette Lawsuit Settlement Setting Stage for FY 16 Earnings Growth with the Sale of New pH Filter Products
11 Mars 2015 - 2:07PM
Business Wire
Seychelle Water Filtration Products, a DBA of Seychelle
Environmental Technologies, Inc. (Seychelle) (OTCQB: SYEV), a
worldwide leader in the development, assembly and sale of
proprietary portable water filtration bottles made several
announcements today relating to its marketing and sales
programs.
We are pleased to announce that we have settled the lawsuit and
all issues with Archette and their affiliates and have amicably
parted ways with them. This lawsuit was noted both in the Q3 10Q
filing ended November 30, 2014, and in a contemporaneous press
release. Seychelle plans to rapidly move into the pH filter
products market with several new products that we have developed.
These products have proprietary filter technology that allows them
to increase the alkalinity (pH) of source water up to 9.0 or
more.
Overall sales in January and February were strong, and one of
our major distributors in the US, this past week, has just started
to sell one of these new products via their TV direct sales
program. We consider the first few days to be a resounding success
in terms of product orders. We expect the trend to continue well
into FY 16.
Seychelle continues to remain in a strong cash position, with no
long-term debt and is moving aggressively to open new markets for
its products.
The Seychelle Board of Directors
With Seychelle portable water filtration, consumers can drink,
with complete confidence, perfectly filtered water that is
great-tasting from a variety of sources – the tap, rivers, streams,
ponds or creeks. The regular filter works for water from the tap
while the standard and advanced filters are needed for most outdoor
uses. The proprietary Seychelle Ionic Adsorption Micron Filtration
(IAMF) has been tested extensively by Independent Government
Laboratories in the US and throughout the world to strict EPA/ANSI
protocols and NSF Standards 42 and 53 by Broward Testing
Laboratories.
“Perfectly Filtered Water – Great Taste –
Healthier Life”
Note to Investors
This press release may contain certain forward-looking
information about the Seychelle’s business prospects/projections.
These are based upon good-faith current expectations of Seychelle’s
management. Seychelle makes no representation or warranty as to the
attainability of such assumptions/projections. Investors are
expected to conduct their own investigation with regard to
Seychelle. Seychelle assumes no obligation to update the
information in this press release. For more information, please
visit www.seychelle.com or call (949) 234-1999.
Seychelle Environmental Technologies, Inc.Dick Parsons(949)
234-1999dickparsons@seychelle.com
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