Seychelle Announces Increased Sales and Net Income for the Second Quarter

Mon Oct 26, 2009 9:00am EDT
 
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SAN JUAN CAPISTRANO, Calif.--(Business Wire)--
Seychelle Water Filtration Products, a DBA ofSeychelle Environmental
Technologies, Inc. (OTC Bulletin Board: SYEV), a worldwide leader in the
development, manufacture and sale of proprietary portable water filtration
bottles made several key announcements today. First, that sales revenue for the
second quarter was $632,663 compared to $247,862 for the prior year. Net income
was $164,373, compared to a loss of $146,524 for the prior year. Second,
Seychelle announced that revenues for the first six months of this fiscal year
were $1,031,037, compared to $477,083 for the prior year. The net income for the
first six months of this fiscal year was of $94,544 compared to a loss of
$270,014 for the same period last year. 

Carl Palmer, President and CEO of Seychelle said, "Sales revenue continues to
exceed expectations in spite of the current difficult economic times and was a
direct result of more customers turning away from expensive bottled water to
portable water filtration." Mr. Palmer further said, "We also have seen
increased demand for our two most recent products: stainless steel filtered
water bottles and our new drinking water straw. As evidence of this, Patagonia,
a Ventura, California based major outdoor clothing retailer well known in
environmental circles as a socially responsible company, has ordered stainless
steel bottles for a test market program for some of their US stores for late
October delivery ahead of the Christmas selling season. If the test is
successful, we believe that this could be the beginning of Seychelles` move into
the retail sector." 

Seychelle also announced continued orders for its advanced filter systems from
humanitarian groups sending bottles overseas for recent earthquakes and storms;
for missionaries in Central and South America, and faith-based television
ministries. 

Mr. Palmer went on to say that there appears to be a growing trend by consumers
to be more environmentally conscious and go back to the tap instead of
purchasing expensive bottled water with its long list of concerns: high cost,
PET bottle leaching, quality un-assured and the billions of plastic bottles
going into landfills every year where they will last for 1,000 years! 

As further evidence of Seychelles` recent growth, the company moved to new
expanded offices and warehouse in late August doubling its space. This will
allow the company to better service the needs of its customers. 

With Seychelle portable water filtration, consumers can drink water from a
variety of sources with complete confidence - the tap; rivers, streams, ponds or
creeks. The Seychelle Ionic Adsorption Micron Filter 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. 

Go Green…Eliminate Bottled Water!

About Seychelle Environmental Technologies, Inc.

Seychelle Environmental Technologies, Inc. (OTC Bulletin Board: SYEV) is a
worldwide leader in the development, manufacture and sale of a proprietary
filtration system for portable water bottles. For more information, please visit
www.seychelle.com or call (949) 234-1999. 

Note to Investors

Seychelle is a national, publicly traded company with 25,824,146 outstanding
shares of common stock, including a float of approximately 5.8 million shares.
This press release may contain certain forward-looking information about the
Company's business prospects/projections. These are based upon good-faith
current expectations of the Company's management. The Company makes no
representation or warranty as to the attainability of such
assumptions/projections. Investors are expected to conduct their own
investigation with regard to the Company. The company assumes no obligation to
update the information in this press release.

Seychelle Environmental Technologies, Inc.
Dick Parsons, 949-234-1999
dickparsons@seychelle.com

Copyright Business Wire 2009

 

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