SeaLife Corporation Enters Worldwide Distribution and Marketing Agreement For SeaLife 1000 Products

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SeaLife Corporation Enters Worldwide Distribution and Marketing Agreement For SeaLife 1000 Products

Innovative Product-Developer Enters $8.0 Billion Marine Anti-Fouling Coating Market In a Strategic Alliance with an Independently-Financed Marketing Group That Includes a Maritime Industry Figure as Shareholder

CULVER CITY, CALIFORNIA, Jan. 15 -/E-Wire/Business Wire/-- SeaLife Corporation (OTCBB:SLIF) -- Taking a major step forward, SeaLife Corporation (OTCBB:SLIF) has entered a key strategic alliance with an independently-financed marketing and distribution group -- one that includes a key maritime industry executive as a shareholder -- that will immediately undertake to generate worldwide sales of the company's SeaLife 1000 products, high-performance, environmentally safe, non-corrosive, anti-fouling coatings for marine vessels. The annual worldwide market for the highly regulated anti-foul paints industry is estimated at $8 billion.

SeaLife has entered into an exclusive agreement with Brokers Unlimited, Incorporated (BUI), an independent California corporation created to market SeaLife 1000 that includes principals experienced in product distribution, sales and marketing. Peter C. Georgiopoulos, founder, chairman and CEO of General Maritime Corporation (NYSE:GMR) a leading provider of international sea borne crude oil transportation services that owns and operates one of the largest tanker fleets in the world, is a shareholder of BUI. General Maritime has no relationship with either SeaLife or BUI.

The exclusive worldwide marketing contract has a four-year term, subject to performance of certain specified sales goals by Brokers Unlimited, and provides for commissions on sales originated through Brokers Unlimited and the worldwide distributor network it has agreed to setup and support. Brokers Unlimited will cover all of its own costs freeing SeaLife from out-of-pocket marketing, distribution and sales support costs.

"This is an exciting time for our company and its shareholders," said Robert McCaslin, CEO of SeaLife Corporation. "It has always been our plan to form a key strategic alliance to market our products, minimize our company's overhead and maximize its sales. With BUI we have a dynamic partner with access and clout in the industry."

"We are very pleased to partner with SeaLife and its marine products subsidiary," said Joseph P. Regoli, president and CEO of BUI. "SeaLife 1000 is clearly a superior product in a market in search of one. Moderate fouling is thought to add as much as $2 million to the annual cost of fuel consumption for just a single tanker. A more effective product that lasts longer and works more effectively is going to be a winner. SeaLife 1000 is that product."

SeaLife 1000 is the result of 13 years of research and development conducted by major laboratories in the United States and Europe. The company's proprietary technology has made it possible to effectively replace tributyl tin, the commonly used anti-fouling agent that was found to be toxic and, after a lengthy and difficult worldwide discussion, was banned effective January 1, 2003. The advanced technology behind SeaLife 1000 creates an anti-fouling paint that is both more effective and environmentally safer than the previous anti-fouling coatings and is longer lasting and more economical than other products available on the market today.

SeaLife 1000 is 2003 compliant and meets the stringent requirements of the International Maritime Organization, the U.S. Environmental Protection Agency and local environmental protection agencies. It can be applied to any boat or ship, large or small, in fresh water or seawater.

"Environmental concerns are global -- and so is our market," Mr. McCaslin continued. "SeaLife and its subsidiaries intend to continue to develop environmentally compatible products that are effective, making the green choice the right choice."

Culver City, California-based SeaLife Corporation was founded in 2002. In addition to SeaLife Marine Products, it operates another subsidiary, ProTerra Technologies, Inc., which is the developer and manufacturer of a uniquely formulated, environmentally safe soil conditioner designed to effectively restructure soils damaged by the overuse of fertilizers, pesticides, and poor quality irrigation water.

Those interested in more information about SeaLife Corporation, its products and subsidiaries, should visit its website, www.sealifemarine.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters 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.

Marika Borofsky, [REDACTED-PHONE], Vice President, Corporate & Media Communications

http://www.sealifemarine.com

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