SWRI: To Sell Excess Water Assets and Enter Biofuels Market

Ridgeland, MS, OCT 19, 2007 (EventX/Knobias.com via COMTEX) -- SWRI | charts | news | PowerRating -- By Fain Hughes, fhughes@knobias.com

Seawright Holdings, Inc. (SWRI) announced two new strategies to increase revenues for the Company, including selling excess water to major bottlers and becoming involved in the growing biofuels market. Seawright intends to sell excess capacity from the more than 300 million gallons per year of natural spring water produced at its property in Virginia's Shenandoah Valley to existing, high volume bottled spring water manufacturers Seawright expects to provide spring water to these manufacturers under long term supply contracts. Seawright is negotiating to acquire an interest in a bio-diesel manufacturing plant that will be capable of producing up to 7 million gallons per year of bio-diesel fuel.

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