Dutton Associates Announces Investment Opinion: Seawright Holdings Inc. Reviewed in Update Report by Dutton Associates

Business Wire, July 9, 2007

EL DORADO HILLS, Calif. -- Dutton Associates updates its coverage of Seawright Holdings Inc. (OTCBB:SWRI), revising its rating from Speculative Buy to Neutral. We would note that although the stock has more than doubled since our Initial Report was published on December 13, 2006 the shares remain attractively priced relative to our assessment of asset value. The 8-page report by Dutton Associates senior analyst Jonathan H. Ziegler, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, and Knobias and other leading financial portals. Seawright Holdings owns Seawright Springs, located in Augusta County, Virginia, which produces in excess of 1 million gallons of water a day and is one of the largest sources of fresh natural spring water on the Eastern Seaboard. Seawright is seeking approval to ship into 50 states; however, its immediate strategy is to focus on the large population base that lives within a day's drive of its natural spring in Virginia.

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