EXHIBIT 99.1

              SEALIFE CORPORATION ANNOUNCES SECOND QUARTER RESULTS


Friday, August 19, 2005 - 9:30 a.m. Eastern (6.30 am PST)

Culver City, CA, August 19, 2005, - SeaLife Corporation (OTCBB: SLIF), on August
18,  2005,  reported its  financial  results for the three months and six months
ended June 30, 2005.

SeaLife  Corporation  net sales were $41,279 for its second quarter  compared to
$2,374 for the same  period in fiscal  2004.  For the  second  quarter of fiscal
2005, SeaLife reported a net loss of $414,732 or $0.02 per share,  compared to a
loss of $147,027,  or $0.01,  for the  comparable  2004 period.  For the first 6
months of 2005,  sales were  $77,331,  an  increase  over the sales for the same
period in 2004 of  $24,742.  On a  sequential  basis,  the  expenses of $806,090
incurred  in the first  quarter of 2005  reduced to  $430,448 in the 2nd quarter
ending  June 30,  2005 due to reduced  legal and  consulting  fees.  The company
expects that its legal and consulting fees will increase in the third quarter.

In  other  news,  the  Company's  indirectly-owned  subsidiary,  Sealife  Marine
Products,  Inc.,  entered into a  distribution  agreement  with Mr. Knut Onstad,
pursuant to which Mr. Onstad, or his nominee,  will be the exclusive distributor
of,  and will  promote  the sale and use of,  products  manufactured  by SeaLife
Marine to distributors of boats, barges and marine vessels, shipyards, boatyards
and marine  dealers in Norway,  Sweden,  Finland,  Denmark and Iceland.  SeaLife
Marine products are not currently approved for sale in Norway, Sweden,  Finland,
Denmark and Iceland. However, the Company is currently pursuing such approval in
Sweden.

In addition, the Company's indirectly-owned  subsidiary,  ProTerra Technologies,
Inc. entered into a distribution  agreement with Kevin Durst,  pursuant to which
Durst will be the  exclusive  distributor  of, and will promote the sale and use
of, products manufactured by Proterra  Technologies,  to distributors,  dealers,
farm co-ops, retail stores,  governments,  and governmental agencies in Algeria,
Libya,  Egypt,  Tunisia,  Morocco,  Turkey,  Syria, Iraq, Jordan,  Saudi Arabia,
Kuwait,  Iran, United Arab Emirates,  Yemen, Oman, Lebanon,  West Bank, Bahrain,
and  Qatar.  ProTerra  products  are not  currently  approved  for sale in these
countries. However, the Company is currently pursuing such approval in Algeria.

Robert  McCaslin,  the Company's  Chief Executive  Officer,  stated that "we are
continuing  to invest  in the  growth of a  distribution  infrastructure  in the
United States,  Europe and Africa.  This investment has resulted in increases in
sales,  which we  anticipate  will  continue as we obtain  regulatory  approvals
throughout our current and future distribution territories."

Safe Harbor  Statement  under the Private  Securities  Litigation  Reform Act of
1995:  This press  release  contains  forward  looking  statements.  Examples of
forward looking  statements  included in this press release  include  statements
regarding  the  Company's  anticipated  expenses in the third fiscal  quarter of
2005.  Except  for  historical  information,   the  forward  looking  statements
discussed  in this news release are subject to certain  risks and  uncertainties
including, but not limited to, the Company's liquidity and the ability to obtain
financing,  the timing of regulatory approvals, as well as other risks indicated
from time to time in the Company's filings with the





Securities and Exchange Commission.  The Company assumes no obligation to update
or  supplement   forward-looking   statements  that  become  untrue  because  of
subsequent events.

SOURCE: SEALIFE CORPORATION

For Company contact: SeaLife Corporation Phone: (310) 338-9757.

Visit our web site: www.sealifemarine.com


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