Seawright (CE) (USOTC:SWRI)
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From Mar 2020 to Mar 2025

Seawright Holdings, Inc. (OTC BB:SWRI),
producer of Seawright Springs Premium Natural Spring Water, has achieved
a number of significant milestones in the last two quarters and desires
to describe these accomplishments to its stockholders.
Seawright Springs is a major East Coast source for the exceptionally
high-quality natural spring water located in the Shenandoah Valley of
Virginia, approximately 135 miles from the Washington DC Metro area.
Seawright acquired this prolific natural resource and its surrounding
145 acres of protected woodland in 2003 because of four important
factors. The first is its extremely high, drought impervious volume
output of 1.5 million gallons per day. Secondly, is its strategic
location within 8 hours of 50 million consumers in dense urban centers
including the highly coveted Mid-Atlantic and Northeast demographic.
Thirdly, because of the consistently high quality and purity of the
water, and its unique balanced mineral content. And lastly, because of
the Seawright Spring’s rich history including
direct connection to the English Colonies and other historical events
during America’s beginnings.
Seawright has a two-fold vision for growth. The first is to bring this
high-quality water to the public as a luxury brand in the fast growing
small package bottled water market using its stylish 500ml and 1000ml
proprietary bottle design. Secondly, to seek out partners in the spring
water industry that specialize in large package bottled spring water
including 1 gallon, 1.5 gallon, 3.5 gallon and 5 gallon sizes. These
packaging sizes address the expanding home and office delivery markets
as well as big box and grocery markets. Supporting these markets through
partnerships will leverage the balance of the 300 plus million gallons
per year generated by the spring. Additionally, these Seawright
co-branding opportunities will enable established producers a faster
time-to-market with significantly reduced transportation costs.
Seawright’s achievements fall into two primary
categories, operational milestones, and sales and marketing milestones.
Operational milestones: Seawright has finished the final phase of
its facility modernization program. This included the demolition of an
aging structure that previously protected the water retention reservoir.
As the water flows from the earth at approximately 1.5 million gallons
per day, a 32,000 gallon concrete reservoir and concrete structure had
been fashioned years ago to collect the water for extraction as excess
water flowed into a nearby stream. The modernization project involved
custom building a 32,000 gallon stainless steel liner for the reservoir
and replacing the old concrete structure with a modern powder-coated
steel building complete with environmental controls and fully automated
systems.
Additionally, Seawright installed a customized, high-capacity
ultraviolet light as a secondary disinfection system to ensure only the
highest quality water is provided to our customers. This system was
built specifically for Seawright and contains computerized controls to
ensure fault-free operation.
Another significant milestone is the introduction of nitrogen injection
- an inert, colorless, and odorless gas - into the bottle just before
capping, a relatively new technology that provides the bottle with more
rigidity after filling. This increased rigidity will enable a reduction
in the amount of plastic resin used in bottle production thus reducing
manufacturing costs while retaining package integrity. This is a
continuation of Seawright’s commitment to
limit the impact of its product on the environment and has a direct
beneficial effect due to a reduction of petroleum content for each
bottle and lower energy consumption to produce. Seawright also continues
to monitor advances in biodegradable bottle production as they come
available, and is committed to implementing this beneficial technology.
Joel Sens, the CEO of Seawright Holdings said “This
modernization of our facilities enables us to meet the growing demand of
our distributors, retailers, and consumers. As we continue to expand and
create a larger foot print for our product, these state-of-the-art
advances will ensure a high-quality product with reduced operational and
material costs, aiding future expansion.”
Sales and Marketing milestones: In support of rolling out
Seawright’s small package 500ml and 1000ml
product, Seawright has secured an initial beverage distributor, Shurfire
Distributing, in the Baltimore-Washington metropolitan marketplace to
begin distributing Seawright’s bottled spring
water. Mr. Sens said “This regional
marketplace is characterized by 5.2 million residents with highly
desirable demographics and a major market for luxury brands consistent
with Seawright’s high quality and distinctive
packaging.”
Last quarter Seawright retained the services of an experienced beverage
sales and marketing professional who is adept in all aspects of the
beverage industry, including the coveted health and nutrition channels.
This team member is fully engaged in the execution of Seawright’s
sales and marketing strategy.
Sens also commented, “The cornerstone of our
sales and marketing effort is to augment the strength of our
distributors with a dedicated Seawright sales team that can call on
customers directly and coordinate numerous promotional events.”
To that end, Seawright has acquired a direct-sales team and has begun
conducting significant promotional activities. Promotions include
multiple taste testings at prestigious events throughout the area, such
as the Virginia Wine Festival. Additionally, Seawright is performing
extensive in-store sampling events, all designed to introduce our
product to the public and support our distributors and retailers.
Seawright has also developed a portfolio of sales and marketing
collateral materials and is currently completing implementation plans
for marketing items such as table tents, end cap displays, signage,
brochures, and in-store displays. Additionally, the company has achieved
the honor of being recognized by the Virginia Department of Agriculture
with the Virginia’s Finest®
endorsement and has incorporated the Virginia’s
Finest logo in all its promotional materials. Also, Seawright is in the
final stages of 50 state licensing that allows product distribution of
bottle water anywhere in the US.
“I am extremely pleased with the wonderful
reception of our product by the market during this exciting initial
rollout phase” Sens said, continuing “As
we soon finish our licensing in all 50 states we will be able to expand
our market to other geographic locations and support the foot print of
national chains and distributors.”
Another market that Seawright intends to pursue over the coming year
according to Mr. Sens “is the thriving and
lucrative international bottled water market in the international
market, particularly Japan and other Asia Pacific countries where the
population has shown an affinity for high- quality spring water.”
In support of the second focus for marketing Seawright spring water,
Seawright has established a team to pursue co-branding opportunities to
market bulk water to major spring water producers who specializes in
large packaging. Mr. Sens stated, “The
advantages to Seawright and to a major partner are significant. Given
Seawright’s high daily flow volume, water
quality and close proximity to major markets, a large package producer
would have a long-term, dependable source of spring water combined with
significantly reduced transportation costs and environmental benefits”
Sens said. The assigned team is actively seeking co-branding
opportunities and is pleased at the initial reception by the market
place.
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.