They do not offer a release valve from the factory. A quick trip to the Marine Supply store turned up a "Rule" through hull fitting (Model 60) and a Drain Plug from SeaFit (but any 1" drain plug would work fine).
Simply cut a small hole in the bag a bit smaller than the through hull fitting, insert fitting and tighten nut on other side. Remove drain plug, compress bag, reinsert watertight drain plug and go! I can now get the bag down about 40% smaller than I could before. PERFECT!

