SEAL FLEET, INC. ANNOUNCES RESULTS OF ANNUAL STOCKHOLDERS MEETING
President John Bissell said that the board of directors had determined that it would not waive the contractual requirement that a majority of the company's public shareholders approve the sale. Consequently, the company will not sell its assets to Hvide.
At the meeting, the shareholders did re-elect John Bissell, Harold C. MacDonald, Gerald J. Smith, Ann McLeod Moody, Robert L. Moody Jr., Russell S. Moody and Louis Pauls Jr., as directors of the company.
The shareholders also ratified the appointment of the company's auditors for the year.
Seal Fleet stock is traded on the National Daily Quotation Service ("Pink Sheets").
/CONTACT: John Bissell, or Trina Salinas, both of Seal Fleet, Inc., 800-562-7325/
CO: Seal Fleet, Inc. ST: Texas, Nevada IN: MAR SU:
SR -- NYM143 -- 2744 07/22/96 19:12 EDT
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|Date:||Jul 22, 1996|
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