Seawright Holdings, Inc. Announces It Intends to File Its Annual Report This Week and Will Begin Trading on the OTCQB
May 09 2012 - 8:45AM
Business Wire
Seawright Holdings, Inc. (SWRI.OB)
Joel Sens, CEO of Seawright Holdings, Inc., reports that "this
is just the first step of multi step process to maximize
shareholder value. Our near term goal is to educate shareholders on
the intrinsic value of Seawright Holdings shares. We plan on
updating shareholders on a regular basis as the company moves
forward with its plans which include significantly improving the
companies balance sheet."
Seawright Holdings owns Seawright Springs, a natural spring
flowing some of America's purest drinking water, located in
Virginia's Shenandoah Valley on 144 acres of protected woodlands.
The spring produces in excess of 1 million gallons of water a day
and is one of the largest sources of natural spring water on the
Eastern seaboard. These large water reserves are strategically
located within a one-day drive to all of the major cities on the
East Coast. According to Sens, Seawright could become a major
supplier of high quality potable water to any of these major
markets. The price of water is expected to rise exponentially
in the next few years and we are pleased to own one of the very few
untouched premier sites not only on the East Coast, but in the
United States. Seawright Springs produces in excess of 400 million
gallons of water annually. Water was first bottled and sold from
this unique natural spring in 1890 and was marketed throughout the
U.S. Prior to that, it was used by Native Americans who vouched for
its healing qualities and by the early explorers and settlers in
Virginia.
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