Seaway Energy Services Inc. V.SEW.H

RE: RE: no brainer

[guido1077]

wow, I've never heard of a company with less than a $2 million market cap doing a share buyback program!  So glad I found this stock....

PRESS RELEASE: Seaway Energy Services Inc. Announces Normal Course Issuer Bid

3:25 PM (GMT-05:00) Eastern Time (US & Canada) Feb 14, 2011

  CALGARY, ALBERTA--(Marketwire - Feb. 14, 2011) - Seaway Energy Services 
Inc., ("Seaway" or the "Company") (TSX VENTURE:SEW) listed on the TSX Venture 
Exchange Inc. under the trading symbol "SEW" is pleased to announce that the 
TSX Venture Exchange has accepted a notice filed by Seaway of its intention to 
make a normal course issuer bid. 

The notice provides that Seaway may, during the 12 month period commencing 
February 17, 2011 and ending February 17, 2012, purchase on the TSX Venture 
Exchange up to 3,098,847 Common Shares, being approximately 10% of the "public 
float" of the common shares of Seaway. The price which Seaway will pay for any 
such shares will be the market price at the time of acquisition. The actual 
number of common shares which may be purchased and the timing of any such 
purchases will be determined by Seaway. There are 30,988,470 common shares of 
Seaway currently outstanding. 

Seaway believes that its common shares have been trading in a price range 
which may not adequately reflect their value in relation to Seaway's business 
and its future business prospects. As a result, depending upon future price 
movements and other factors, Seaway believes that its outstanding common 
shares may represent an attractive investment and a desirable use of a portion 
of its available funds. 

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.