XS SCUBA ACQUIRES SEA PEARLS

Sea Pearls, the Industy's Leading Supplier of Lead Diving Weights Has Been Acquired by XS Scuba, Inc.

-March 1, 2007

Over the past 29 years, Sea Pearls has pioneered major technology advances in diving weights. They remain the only company worldwide that die casts lead weight for the highest quality, most consistent product available. Sea Pearls vinyl dipped weights and soft weights are the industry standard.

Lee Selisky, President of Sea Pearls states “The diving industry has been my passion for 30 plus years. I am proud to announce the sale of Sea Pearls to XS Scuba. I am convinced that the vision XS Scuba brings to their business will result in continued growth for Sea Pearls.”

Sea Pearls will continue to operate as it has in the past from its current location in Minneapolis, MN as a wholly owned subsidiary of XS Scuba. Lee Selisky will continue to remain active in the business.

In addition to being the industry’s largest supplier of all forms of lead diving weights, Sea Pearls has become a major supplier of aluminum and steel cylinders and accessories. Sea Pearls unique shipping policy of any order of 200 lbs or greater being freight free allows dive stores to combine their requirements of cylinders and lead weight for added savings.

XS Scuba’s president, Dan Babcock commented “We are continually looking for strategic acquisitions that will broaden our product offering. We view Sea Pearls and our association with Lee Selisky as a unique opportunity to expand our presence worldwide.”

For more information regarding the Sea Pearls products, please vist the Sea Pearls web site