Seawright Holdings, Inc. Applies to Distribute in All 50 States
April 02 2007 - 8:30AM
Business Wire
Seawright Holdings, Inc. (OTC BB:SWRI), owner of Seawright Springs,
one of the most prolific natural springs on the Eastern Seaboard,
today announced that is has begun the 50-state compliance process
whereby the company meets licensing requirements that will allow it
to distribute its Seawright Springs Premium Natural Spring Water
product in all 50 states and the District of Columbia. �Seawright
Springs is proud to be taking the first step in offering our
product to every state in the nation. We are making sure that
distributors and retail chains have no barriers to carrying our
product anywhere in the United States.� said Joel Sens, President
and CEO of Seawright Holdings, Inc. �This compliance process is a
major step in making Seawright Springs a truly national, household
name for bottled spring water. Consumers across the entire country
will soon be able to enjoy the special qualities of Seawright
Springs Premium Natural Spring Water.� Every state in the union has
somewhat different procedures in authorizing the distribution and
consumption of bottled water in their jurisdictions. The term �50
state compliance� is the phrase commonly used in the bottling
industry to describe the varied licensing requirements of each of
the individual 50 states, which include a variety of standards such
as source testing, licensing and a courtesy of notification to
distribute. Meeting 50-state compliance is relatively rare for a
regional brand in the bottled water industry. When companies do
seek national distribution, the requirements are most often managed
as one effort. About Seawright Holdings, Inc.: Seawright Holdings,
Inc. (OTC BB:SWRI) owns Seawright Springs, the producer of one of
America's purest, freshest and high-mineral content drinking
waters. Seawright Springs is located in beautiful Augusta County,
Virginia on 145 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 fresh natural spring water on the Eastern
Seaboard. In 2003, Joel Sens formed Seawright Holdings, Inc. and
purchased Seawright Springs to begin producing high quality bottled
water under the Seawright Springs brand. For more information,
please visit www.seawrightsprings.com Information Regarding
Forward-Looking Statements Statements in this news release other
than statements of historical fact are �forward-looking statements�
that are based on current expectations and assumptions. These
expectations and assumptions are subject to risks and uncertainty,
which could affect Seawright Holdings� future plans.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
expressed or implied by the statements, including, but not limited
to, the following: the ability of Seawright Springs to provide for
its obligations, to provide working capital needs from operating
revenues, to obtain additional financing needed for any future
acquisitions, to meet competitive challenges and technological
changes, and other risks detailed in Seawright Holdings� periodic
report filings with the Securities and Exchange Commission.
Seawright Holdings undertakes no duty to update any forward-looking
statement to conform the statement to actual results or changes in
Seawright Holdings� expectations.
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