0001079974-18-000344.txt : 20180611 0001079974-18-000344.hdr.sgml : 20180611 20180611085658 ACCESSION NUMBER: 0001079974-18-000344 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20180611 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180611 DATE AS OF CHANGE: 20180611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEYCHELLE ENVIRONMENTAL TECHNOLOGIES INC /CA CENTRAL INDEX KEY: 0001056757 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 330836954 STATE OF INCORPORATION: NV FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29373 FILM NUMBER: 18891059 BUSINESS ADDRESS: STREET 1: 22 JOURNEY CITY: ALISO VIEJO STATE: CA ZIP: 92656 BUSINESS PHONE: 949-234-1999 MAIL ADDRESS: STREET 1: 22 JOURNEY CITY: ALISO VIEJO STATE: CA ZIP: 92656 8-K 1 syev8kprsrls_2282018.htm
 
 
 
FORM 8-K
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of 1934
 
Date of Report (Date of earliest event reported) June 11, 2018

SEYCHELLE ENVIRONMENTAL TECHNOLOGIES, INC.
(Exact name of Registrant as specified in its charter)


Nevada
0-29373
33-0836954
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)
 
 
 
  22 Journey
Aliso Viejo, California 92656
(Address of principal executive offices and Zip Code)

(949) 234-1999
(Registrant's telephone number including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


 
 

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934

References in this document to "us," "we," or "Company" refer to Seychelle Environmental Technologies, Inc., a Nevada corporation and our two wholly-owned subsidiaries, Seychelle Water Technologies, Inc. and Fill 2 Pure International, Inc., both also Nevada corporations.
 
Item 7.01 Regulation FD Disclosure

On June 11, 2018, we announced information concerning our operations for the fiscal year ended February 28, 2018. In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 (including Exhibit 99.1) is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("the Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or in the Exchange Act except as may be expressly set forth by specific reference in such a filing.
 
 
Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit
 
Number
Description
 
 
99.1
News release dated June 11, 2018 announcing information concerning our operations for the fiscal year ended February 28, 2018.

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
SEYCHELLE ENVIRONMENTAL
TECHNOLOGIES, INC.
 
 
Date: June 11, 2018
By:    
/s/ Carl Palmer
 
     Carl Palmer
 
     President
 
 

 
  
 
 
- 2 -
EX-99.1 2 ex99_1.htm
Exhibit 99.1
 
 

For Immediate Release                
Media Contact
Carl Palmer
 
 (949) 234-1999
cpalmer@seychelle.com
 
 
 
Seychelle Announces Financial Results for FY 2018
 
and Guidance for First Quarter FY 2019
 

 
ALISO VIEJO, CA -- (BUSINESS WIRE) June 11, 2018 - Seychelle Water Filtration Products, a DBA of Seychelle Environmental Technologies, Inc. (Seychelle, we, us, our or the Company) (OTCQB: SYEV), a worldwide leader in the development, assembly and sale of proprietary portable water filtration bottles made several announcements today.

For the Fiscal Year ended February 28, 2018, our Revenue was $5,279,377, compared to $4,378,436 in the prior year, a net change of $900,941.  Seychelle had Net income of $660,907 or $.02 per share, compared to prior year Net loss of $2,174,224, or ($.08) a net change of $2,808,131 or $.10 per share. Seychelle had a cash position of $2,075,833 at February 28, 2018, compared to a cash position of $732,112 at February 28, 2017, a net change of $1,343,721.

For First Quarter FY 2019, we believe that we will see further increases in sales and a potential for net income.

Seychelle is thrilled to report that it has substantially increased its revenue, cash position, and net income compared to the previous year.  We believe that we have not only met but also exceeded our 2018 anticipated goal of suppling to the international market and are expanding our sales domestically with the strong execution from our sales team and distributors in the United States.

Seychelle plans to release a variety of new products in the upcoming months that introduce halo fiber technology and further improvements to our filter effectiveness and production.  We anticipate an increase in earnings with the addition of our innovative technology that focuses on water soluble medical cannabis in conjunction with our portable products.  Our strong year reflects our dedication to continued investment in product innovation, expanding our marketing opportunities, and the increased demand of water filtration products.


 
"Dedicated to improving the quality of life through the quality of our drinking water."

Note to Investors

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.


 

 
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