Owner
Post by Franko10 ™ on Apr 26, 2006 10:13:54 GMT -5
SEAENA Reduces Debt By $12,098,036
10:58 EDT Wednesday, April 26, 2006
LAS VEGAS (Business Wire) -- SEAENA (OTCBB: SEAI) was able to reduce its debt obligations and the accrued interest due on those notes by a total amount of $12,098,036. This action taken by the largest creditors to equitize their debt for common shares of SEAENA represents their strong commitment to the continued success of SEAENA.
Considering this commitment, along with the recent acquisition of U.C. Laser Inc. (dba Crystal Impressions), the company believes it has positioned itself to focus on increasing production capacity, and increasing revenue, while continuing to reduce costs.
About SEAENA
SEAENA Inc. is the world's No. 1 manufacturer, distributor and marketer of laser subsurface engraved glass and crystal products. SEAENA's principle lines include 2-D and 3-D subsurface engraved products for both the retail and corporate marketplace. Utilizing SEAENA's controlling interest in Laser Design International (LDI) gives SEAENA patent protection in 23 countries on its proprietary patented process to create the subsurface images.
SEAENA and its subsidiaries, U.C. Laser Inc. (dba Crystal Impressions) and Lazer Tek Designs, have production capabilities strategically located around the world, in Las Vegas, Israel and China. Currently, SEAENA has products in more than 3,000 retail locations worldwide. The company has structured a well diversified sales staff to promote SEAENA products and engraving to representatives and distributors worldwide. This unparalleled approach is allowing SEAENA to aggressively capture market share in such categories as corporate/awards, gift & incentive, portrait studios, mass retail, licensed products and art galleries. SEAENA is continuing their efforts to aggressively promote its products and brands to corporate customers and mass marketing organizations, and have trademarked two of their specialty lines, Photo Crystals by SEAENA and Collegiate Crystals by SEAENA.
SEAENA is headquartered in Las Vegas.
SEAENA Inc., Las Vegas
Christopher Robbins, 702-740-4616
crobbins@seaena.com
10:58 EDT Wednesday, April 26, 2006
LAS VEGAS (Business Wire) -- SEAENA (OTCBB: SEAI) was able to reduce its debt obligations and the accrued interest due on those notes by a total amount of $12,098,036. This action taken by the largest creditors to equitize their debt for common shares of SEAENA represents their strong commitment to the continued success of SEAENA.
Considering this commitment, along with the recent acquisition of U.C. Laser Inc. (dba Crystal Impressions), the company believes it has positioned itself to focus on increasing production capacity, and increasing revenue, while continuing to reduce costs.
About SEAENA
SEAENA Inc. is the world's No. 1 manufacturer, distributor and marketer of laser subsurface engraved glass and crystal products. SEAENA's principle lines include 2-D and 3-D subsurface engraved products for both the retail and corporate marketplace. Utilizing SEAENA's controlling interest in Laser Design International (LDI) gives SEAENA patent protection in 23 countries on its proprietary patented process to create the subsurface images.
SEAENA and its subsidiaries, U.C. Laser Inc. (dba Crystal Impressions) and Lazer Tek Designs, have production capabilities strategically located around the world, in Las Vegas, Israel and China. Currently, SEAENA has products in more than 3,000 retail locations worldwide. The company has structured a well diversified sales staff to promote SEAENA products and engraving to representatives and distributors worldwide. This unparalleled approach is allowing SEAENA to aggressively capture market share in such categories as corporate/awards, gift & incentive, portrait studios, mass retail, licensed products and art galleries. SEAENA is continuing their efforts to aggressively promote its products and brands to corporate customers and mass marketing organizations, and have trademarked two of their specialty lines, Photo Crystals by SEAENA and Collegiate Crystals by SEAENA.
SEAENA is headquartered in Las Vegas.
SEAENA Inc., Las Vegas
Christopher Robbins, 702-740-4616
crobbins@seaena.com
