FORM 8-K
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of 1934
 
Date of Report (Date of earliest event reported)  January 16, 2018

SEYCHELLE ENVIRONMENTAL TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)


Nevada
0-29373
33-0836954
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)
 
 
 
  22 Journey
Aliso Viejo, California 92656
(Address of principal executive offices and Zip Code)

(949) 234-1999
(Registrant's telephone number including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


 
 

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934

References in this document to "us," "we," or "Company" refer to Seychelle Environmental Technologies, Inc., a Nevada corporation and our two wholly-owned subsidiaries, Seychelle Water Technologies, Inc. and Fill 2 Pure International, Inc., both also Nevada corporations.
 
Item 7.01 Regulation FD Disclosure

On January 16, 2018, we announced information concerning our operations for the third fiscal quarter ended November 30, 2017. In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 (including Exhibit 99.1) is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("the Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or in the Exchange Act except as may be expressly set forth by specific reference in such a filing.
 
 
Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit
 
Number
Description
 
 
99.1
News release dated January 16, 2018 announcing information concerning our operations for the third fiscal quarter ended November 30, 2017.
 

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
 
 
 
SEYCHELLE ENVIRONMENTAL
TECHNOLOGIES, INC.
 
 
Date: January 16, 2018.
By:    
/s/ Carl Palmer
 
     Carl Palmer
 
     President
 
 
  
 
 
- 2 -


Exhibit 99.1
 
 

For Immediate Release                
Media Contact
Carl Palmer
 
 (949) 234-1999
cpalmer@seychelle.com
 
 
 
 
Seychelle Reports Increased Revenues and Profitability
for the Fiscal Quarter and  Nine Months  ended  November 30, 2017.
 

ALISO VIEJO, CA -- (BUSINESS WIRE) January 16, 2018 - Seychelle Water Filtration Products a DBA of Seychelle Environmental Technologies, Inc. (Seychelle, we, us, our or the Company) (OTCQB: SYEV), a worldwide leader in the development, assembly and sale of proprietary portable water filtration bottles made several announcements today.

For the Fiscal Quarter ended November 30, 2017, Revenue was $1,629,324, compared to $1,257,844 in the prior year's fiscal quarter. Seychelle had Net income of $246,618 for the fiscal quarter ended November 30, 2017, or $.01 per share, compared to prior year's fiscal quarter Net loss of $290,083, or ($.01) per share. Seychelle had a cash position of $1,776,482 at November 30, 2017, compared to a cash position of $732,112 at February 28, 2017.

For the Nine Months ended November 30, 2017, Revenue was $3,829,465, compared to $2,885,212 in the prior year's nine months period. Seychelle had Net income of $491,995 for the nine months ended November 30, 2017, or $.02 per share, compared to prior year's nine months' Net loss of $877,041, or ($.03) per share.

Seychelle continues to manage cost in line with current revenue. At this time it is too early to give definitive guidance regarding sales for the fourth fiscal quarter.

This year, Seychelle products have expanded its sales efforts in the following international markets; Mexico, Sri Lanka, Vietnam, South Korea, Australia, New Zealand, Japan and China.  Management intends to expand marketing activities to the international market and E-commerce. 

We recently completed testing in Sri Lanka and Vietnam. We also completed tests with the government of South Korea. All tests showed basically non-detectable levels on all inorganics/organics bacteriological contaminants.

We have developed four new products for the disaster preparedness market.  Our new products are an inline flat five phase filter that now includes five different phases of contaminant reduction including hollow fiber technology for final reduction of microbiological contaminants, two new products for our new Amazon marketing activities which include a pH pitcher that has a fast flow capability and a new pH bottle that is designed to eliminate all phases of contaminants; aesthetic, biological, chemical, inorganic and radiological up to 200 gallons.

 
"Dedicated to improving the quality of life through the quality of our drinking water."

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 ... (CE) (USOTC:SYEV)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Seychelle Environmental ... (CE) Charts.
Seychelle Environmental ... (CE) (USOTC:SYEV)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Seychelle Environmental ... (CE) Charts.