Servomarin Signs Strategic Relationship with Seapro; Closes Private Placement First and Second Tranches

Vancouver, British Columbia--(Newsfile Corp. - November 23, 2015) - Servomarin Industries Corp. ("Servomarin" or the "Company") is pleased to announce that wholly-owned subsidiary Servomarin Sdn. Bhd. ("SSB") has signed a Strategic Cooperation Agreement (the "SCA") with Seapro Petroleum & Marine Services S.A.E. ("Seapro"). On October 16, 2015 the companies incorporated a Malaysian corporation, whereby SSB and Seapro own 30% and 70% of the new company respectively, called Sea Professional...

2015-11-23 2:00 PM EST