Exhibit 99.1
For Immediate Release
Media Contact
Cari Palmer
(949) 234-1999
cbeck@seychelle.com
Seychelle Reports Operations Summary for the Fiscal Quarterand Nine Monthsended November 30, 2019
ALISO VIEJO,CA -- (BUSINESS WIRE January 14, 2020 - Seychelle Water FiltrationProducts, a DBA of Seychelle EnvironmentalTechnologies, Inc. (Seychelle, we, us, our or the Company) (OTCQB: SYEV), a worldwideleader in the development, assembly and sale of proprietary portable water filtration bottles made several announcements today.
For theFiscal Quarter endedNovember 30, 2019, Revenue was $816,001, compared to $609,444in the prior year’s fiscal quarter. Seychelle hadnet profit of $10,418 for the fiscal quarter ended November 30, 2019, or ($.00) per share, compared to prior year's fiscal quarter Net loss of $128,256, or $.00 per share.
For theNineMonths endedNovember 30, 2019, Revenue was $2,287,343 compared to $2,479,023in the prior year’s nine month period. Seychelle had Netlossof $67,434 for the nine month ended November 30, 2019, or ($.00) per share, compared to prior year's six months’ Net loss of $163,087, or ($.01) per share.
Seychelle is planning an aggressive product marketing program to explain the problems, needs, solutions and benefits of our filtration technology as used with our entire line of products. These products all have the ability to remove contaminants at point-of-use.
A significant part of our marketing program going forward will be to educate the public regarding a prominent contaminant called PFAS. This is a toxic Teflon chemical found in non-stick pans, cleaning products, paints, firefighting foam and many other products. Using 2016 data collected by federal scientists, the Environmental Working Group (EWG) an advocacy group based in Washington DC, estimates that up to 110 million people are served by water supplies contaminated with PFAS.
Seychelle has a completed line of products tested proven to remove this contaminant. Our mission will be to alert the public to the significant contamination and the direct effect on human health of PFAS.
"Dedicated to improving the quality of life through the quality of our drinking water”.
NotetoInvestors
This press release may contain certain forward-looking information about the Seychelle's business prospects/projections. These are based upon good-faith current expectations of Seychelle's management. Seychelle makes no representation or warranty as to the attainability of such assumptions/projections. Investors are expected to conduct their own investigation with regard to Seychelle. Seychelle assumes no obligation to update the information in this press release. For more information, please visit www.seychelle.com or call (949) 234-1999.