Jerry Budziak ("Budziak"), President, CEO and a Director of Seaway Energy Services Inc. ("Seaway"), reports during the period May 3, 2007 to June 6, 2007, Budziak acquired an aggregate of 351,000 common shares of Seaway through the facilities of the TSX Venture Exchange. As a result, Budziak now owns an aggregate of 2,466,000 common shares of Seaway, which represents approximately 10.01% of the aggregate number of Seaway's common shares outstanding as at June 21, 2007. There are no other persons acting jointly or in concert with Budziak.
The purchase is for investment purposes only and Budziak is considering additional purchases. Budziak reserves the right to purchase additional securities of Seaway or from time to time to dispose of securities of Seaway held by Budziak.
Seaway is a Calgary-based corporation providing environmental consulting services to the oil and gas industry. These services include managing the construction of oil and gas leases and access roads, cleanup of leases and roads following drilling activity and reclamation of leases following drilling and production.
Seaway is listed on the TSX Venture Exchange under the symbol "SEW".
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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