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ich fang mal an !!

WiseBuys to become Hacketts in 2008

By NATHAN BROWN, Enterprise Staff Writer

Posted on: Wednesday, November 14, 2007

TUPPER LAKE — Seaway Valley Capital Corporation, the owner of WiseBuys Stores Inc., announced Friday that it finalized its acquisition of Patrick Hackett Hardware Company Nov. 7. Both chains will now be owned by WiseBuys, which will switch its name to Hacketts.

The deal was sealed at the Hacketts headquarters in Ogdensburg Nov. 7 by executives and representatives from both companies.

“We are pleased to finally bring these two companies together so that we may begin realizing the benefits of combination,” said Thomas Scozzafava, CEO of WiseBuys.

The tentative plan is for WiseBuys stores to start receiving freight for the changeover by Jan. 1, 2008, and the conversion is scheduled to be finished in August, 2008.

There are WiseBuys in Gouveneur, Hamilton, Potsdam, Pulaski, Tupper Lake, Canton and Watertown currently, and they will all be retrofitted to resemble Hacketts stores. Hacketts currently operates stores in Massena, Canton and Ogdensburg. The Hacketts in Canton will be closed in favor of the larger WiseBuys store.

The deal calls for a $1.5 million payment at closing, and additional payment, adding up to $4.5 million total, to be made over eight years to former shareholders of Hacketts. The agreement allows for Hackett family members to retain their management positions. Norman V. Garrelts, president and CEO of Hacketts, will stay on in the same position and run the combined company.

Hacketts’ roots go back to 1830, when it was a ship’s chandelry, wholesale supplier and hardware store. At various times, it sold things as diverse as railroad equipment, building and plumbing supplies, tin, steam fitting equipment and metal plumbing items. Today, they specialize in name brand merchandise, clothing and footware especially, and a wide range of hardware items. The business has been in the same family its entire history, and is now in the fifth generation. The oldest store still in use is the one in Ogdensburg, which was built in 1940.

“WiseBuys management team is thrilled to have become involved in this next and exciting chapter of Hacketts’ story,” Scozzafava said. “The Hackett family has built, over many years, an amazing reputation for quality and service, and these nine stores will create a tremendous platform to build upon and introduce to new markets.”

WiseBuys Stores Inc. was founded in Canton in 2003, to fill the gap in the market left by the closing of small-town retailer Ames. It was founded by New York State Power Authority Trustee Thomas W. Scozzafava, New York State Assembly Minority Whip Dierdre “Dede” Scozzafava, R-Gouverneur, former BJ’s wholesale executive Joseph LaChausse, and former Ames Department Store Chairman and CEO Joseph R. Ettore. Several of their stores, including the one in Tupper Lake, are at former Ames locations.

Hacketts has about 180 employees, and WiseBuys has about 125. The number of people employed should not change.

“We anticipate no reduction in employment,” Thomas Scozzafava said in July. “There may even be increases in employment.”

Seaway Capital, Inc. was founded by Thomas Scozzafava in 2002. In August 2007, Seaway acquired GS Carbon Corporation and changed its name to Seaway Valley Capital Corporation. Seaway invests in companies that require expansion capital and/or are pursuing acquisition strategies.

Merger talks began in July of last year, and in late September 2006, Hacketts took on a $167,000 loan owed to the St. Lawrence County Industrial Development Agency by WiseBuys. Discussion started as either a merger or an acquisiting of WiseBuys by Hacketts, but on July 20 of this year, it was announced that WiseBuys would be acquiring 100 percent of Hacketts’ stock.

WiseBuys is currently looking at additional expansion opportunities within New York State.

Contact Nathan Brown at 891-2600 ext. 26, or

[e-mail].

[Band.Of.Brothers]

Von gestern:

TheSUBWAY.com names the following stocks to its Stock Alert List: Silver Falcon Mining, Inc. (SFMI), Microsoft Corp. (MSFT), Qualcomm Incorporated (QCOM), Seaway Valley Capital Corporation (SWVC).

Silver Falcon Mining, Inc. (SFMI) today announced the completion of an additional capital project undertaken on the mountain. Roads leading to the top of the mountain have been upgraded to allow for heavier ore trucks. War Eagle Mountain is a Gold property on which Silver Falcon Mining, Inc. has developmental and operating rights to (14) deep-shaft mines covering the Mountain's primary epithermal Gold and Silver-producing veins. War Eagle Mountain has produced approximately 415,000 oz of Gold-equivalent to date, worth $270 Million.

The War Eagle properties are adjacent to the open-pit Gold and Silver mines of DeLamar Mountain and Florida Mountain, each owned by Kinross Gold Co., and are south of Boise, Idaho, in the Silver City Mining District. DeLamar Mountain produced approximately 67 Million oz of Silver, and 1 Million oz of Gold, worth $ 1.6 Billion. Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "With the mini-mill and metallurgical lab now completed and the roads upgraded, we will be able to gain access to more veins on the mountain, haul heavier ore loads, and continue development activities at a considerably faster pace."

Other stocks highlighted include Microsoft Corp. (MSFT): Stock Pick List, down 1% on 84 million shares, Qualcomm Incorporated (QCOM): Stock Pick List, up 1% on55 million shares, Seaway Valley Capital Corporation (SWVC): Stock Pick List, down 13% on 22 million shares.

TheSUBWAY.com's Daily Stock Updates:

TheSUBWAY.com, a leader in corporate communications and finance, highlights stocks that are in the news, have traded high volume, or experienced a large change in price in recent sessions. The aforementioned commentary is not meant to be indicative of a "long term" view of any of the companies listed. For more go to http://www.thesubway.com.

All material herein was prepared by CRG Partners, Inc. (CRGP) based upon information believed to be reliable. The information contained herein is not guaranteed by CRGP to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRGP is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.thesubway.com or mentioned herein. CRGP has been compensated by third party shareholders with shares or with cash from the company on behalf of one or more of the companies mentioned in this opinion. CRGP has been compensated one million five hundred thousand shares for SFMI. CRGP intends to sell its shares. CRGP has sold approximately zero SFMI shares to date. CRGP may sell its shares for less than the target price given in this opinion. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. CRGP and its web site are operated under a license from Capital Research Group, Inc., TheSUBWAY.com Inc. and One Source Solutions Inc. (Licensors) and CRGP is not the agent of any of the Licensors and CRGP is solely responsible for all statements made herein. CRGP's affiliates, officers, directors and employees intend to buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. CRGP will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

Contact:
Joe Farrar
President
CRG Partners, Inc.
973-332-1366
www.TheSUBWAY.com

[Band.Of.Brothers]

Form 10QSB for SEAWAY VALLEY CAPITAL CORP


--------------------------------------------------------------------------------

14-Nov-2007

Quarterly Report



ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
BUSINESS RISK FACTORS

There are many important factors that have affected, and in the future could affect, Seaway Valley Capital Corporation's business, including but not limited to the factors discussed below, which should be reviewed carefully together with other information contained in this report. Some of the factors are beyond our control and future trends are difficult to predict.

As of July 1, 2007, Seaway Capital, Inc. can exert control over us and may not make decisions that further the best interests of all stockholders.

As of July 1, 2007, Seaway Capital, Inc. controls 100% of our outstanding Series B preferred stock after competing the purchase from GreenShift corporation. The preferred shares are convertible into 80% of our Common Stock. As a result, Seaway Capital, Inc. exerts a significant degree of influence over our management and affairs and over matters requiring stockholder approval, including the election of directors and approval of significant corporate transactions. In addition, the concentration of ownership may delay or prevent a change in control of us and might affect the market price of our commons stock, even when a change in control may be in the best interest of all stockholder. Furthermore, the interest of this concentration of ownership may not always coincide with our interest or the interests of other stockholder and accordingly, they could cause us to enter into transactions or agreements which we would not otherwise consider.

The issuance of shares under our convertible debentures agreements could increase the total common shares outstanding by 7%.

While the debentures are subject to restrictions on conversion, upon default the holders of the debentures could convert such debentures into approximately 43,975,391 shares based on the market price on September 30, 2007. Such issuances would reduce the percentage of ownership of our existing common stockholders and could, among other things, depress the price of our common stock. This result could detrimentally affect our ability to raise additional equity capital. In addition, the sale of these additional shares of common stock may cause the market price of our stock to decrease.

Seaway Valley Capital Corporation is not likely to hold annual shareholder meetings in the next few years.

Delaware corporation law provides that members of the board of directors retain authority to act until they are removed or replaced at a meeting of the shareholders. A shareholder may petition the Delaware Court of Chancery to direct that a shareholders meeting be held. But absent such a legal action, the board has no obligation to call a shareholders meeting. Unless a shareholders meeting is held, the existing directors elect directors to fill any vacancy that occurs on the board of directors. The shareholders, therefore, have no control over the constitution of the board of directors, unless a shareholders meeting is held. Management does not expect to hold annual meetings of shareholders in the next few years, due to the expense involved. Thomas Scozzafava, who is currently the sole director of Seaway Valley Capital Corporation, was appointed to that position by the previous directors. If other directors are added to the Board in the future, it is likely that Mr. Scozzafava will appoint them. As a result, the shareholders of Seaway Valley Capital Corporation will have no effective means of exercising control over the operations of Seaway Valley Capital Corporation.

Investing in our stock is highly speculative and you could lose some or all of your investment.

The value of our common stock may decline and may be affected by numerous market conditions, which could result in the loss of some or the entire amount invested in our stock. The securities markets frequently experience extreme price and volume fluctuations that affect market prices for securities of companies generally and very small capitalization companies such as us in particular.

The volatility of the market for Seaway Valley Capital Corporation common stock may prevent a shareholder from obtaining a fair price for his shares.

The common stock of Seaway Valley Capital Corporation is quoted on the OTC Bulletin Board. It is impossible to say that the market price on any given day reflects the fair value of Seaway Valley Capital Corporation, since the price sometimes moves up or down by 50% or more in a week's time. A shareholder in Seaway Valley Capital Corporation who wants to sell his shares, therefore, runs the risk that at the time he wants to sell, the market price may be much less than the price he would consider to be fair.

Our common stock qualifies as a "penny stock" under SEC rules which may make it more difficult for our stockholders to resell their shares of our common stock.

Our common stock trades on the OTC Bulletin Board. As a result, the holders of our common stock may find it more difficult to obtain accurate quotations concerning the market value of the stock. Stockholders also may experience greater difficulties in attempting to sell the stock than if it were listed on a stock exchange or quoted on the NASDAQ National Market or the NASDAQ Small-Cap Market. Because our common stock does not trade on a stock exchange or on the NASDAQ National Market or the NASDAQ Small-Cap Market, and the market price of the common stock is less than $5.00 per share, the common stock qualifies as a "penny stock." SEC Rule 15g-9 under the Securities Exchange Act of 1934 imposes additional sales practice requirements on broker-dealers that recommend the purchase or sale of penny stocks to persons other than those who qualify as an "established customer" or an "accredited investor." This includes the requirement that a broker-dealer must make a determination on the appropriateness of investments in penny stocks for the customer and must make special disclosures to the customer concerning the risks of penny stocks. Application of the penny stock rules to our common stock affects the market liquidity of the shares, which in turn may affect the ability of holders of our common stock to resell the stock.

Only a small portion of the investment community will purchase "penny stocks" such as our common stock.

Seaway Valley Capital Corporation common stock is defined by the SEC as a "penny stock" because it trades at a price less than $5.00 per share. Seaway Valley Capital Corporation common stock also meets most common definitions of a "penny stock," since it trades for less than $1.00 per share. Many brokerage firms will discourage their customers from purchasing penny stocks, and even more brokerage firms will not recommend a penny stock to their customers. Most institutional investors will not invest in penny stocks. In addition, many individual investors will not consider a purchase of a penny stock due, among other things, to the negative reputation that attends the penny stock market. As a result of this widespread disdain for penny stocks, there will be a limited market for Seaway Valley Capital Corporation common stock as long as it remains a "penny stock." This situation may limit the liquidity of your shares.

FORWARD LOOKING STATEMENTS

In addition to historical information, this Quarterly Report contains forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "estimates," "projects," or similar expressions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the section entitled "Business Risk Factors." Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements.

OVERVIEW

Seaway Valley Capital Corporation ("we," "our," "us," "Seaway Valley Capital Corporation," or the "Company") is a development stage company that is controlled by Seaway Capital, Inc.,a money management, venture capital and leveraged buyout company formed in 2002 as "Seaway Capital Partners, LLC." As a result of the controlling stake acquisition, the Company's new business model is to invest in majority and minority equity stakes and to enter into mezzanine debt agreements with various operating companies. Returns are intended to be in the form of the eventual share appreciation and dispossession of those equity stakes and income from loans made to businesses.

The Company intends to make equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. The Company also seeks investments in leveraged buyouts and restructurings. The Company will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and the Company will also consider select technology investments.

Effective August 16, 2007, the Company shall be renamed "Seaway Valley Capital Corporation."

RESULTS OF OPERATIONS FOR NINE MONTHS ENDED SEPTEMBER 30, 2007

Revenues

For the three and nine month periods ended September 30, 2007 the Company recorded no revenues from continuing operations.

Selling, General and Administrative Expenses

Selling, general and administrative expenses from continuing operations for the nine months ended September 30, 2007 were $5,976 and for the three months ended September 30, 2007 were $5,976.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Interest Expense and Financing Costs

Interest expenses and financing costs for the nine months ended September 30, 2007 were $289,159 and for the three months ended September 30, 2007 were $1,667.

Unrealized Loss on Derivative Instruments

For the three and nine months ended September 30, 2007 we recorded $3,183,074 and $313,876 of unrealized gains on derivative instruments, respectively. We have determined that the conversion feature of our convertible debentures represents an embedded derivative since the debentures are convertible into a variable number of shares upon conversion. The unrealized gain on derivative instruments represent the change in the fair value of our derivative liability from December 31, 2006 for the nine months period and June 30, 2007 for the three months period. The unrealized gain increased during the period due to an increase in our stock price coupled with the conversion of $1,062,329 Highgate debentures and assumption of $1,125,000 convertible debentures by GS Cleantech.

Net Loss

Our net income for the three months and net loss for nine months periods ended September 30, 2007 were $5,422,357 and $4,019,847, respectively. The three month net income resulted from unrealized gain on derivatives and a $2,234,974 gain on disposal of GS Carbon Trading, Inc. operations acquired by GS CleanTech. The net loss incurred was due to the expenses and other factors described above.

Liquidity and Capital Resources

Summary of 2007 Activities

The cash flow results for the nine months ended September 30, 2007 mainly reflect the discontinued operations relating to our former decarbonization business. At September 30, 2007 the Company had no cash. Subsequent to September 30, 2007 the Company acquired all of the Capital Stock of WiseBuys Stores Inc. in exchange for 1,458,236 shares of the Company's Series C convertible Preferred Stock and all of the Capital Stock of Patrick Hackett Hardware Company for $6 million ($2 million in cash and $4 million in notes).

WiseBuys Summary

On October 23, 2007, Seaway Valley Capital Corporation acquired all of the capital stock of WiseBuys Stores, Inc. ("WiseBuys"). The current President and CEO of the Company owned approximately 50% of Wisebuys prior to this acquisition. In exchange for the WiseBuys shares, the Company issued to the shareholders of WiseBuys 1,458,236 shares of the Company's Series C Convertible Preferred Stock. The Series C Shares each have a liquidation preference of $4.00 (i.e. a total liquidation preference for the Series C shares of $5,832,944). Four of the Series C shares can be converted into a share of common stock at 85% of the market price. The holders of the Series C shares will have voting rights and dividend rights equal to the common shares into which they can be converted.

WiseBuys Stores, Inc., which was organized in 2003, owns and operates five retail stores in central and northern New York. It also owns a portfolio of minority investments indirectly through its wholly-owned subsidiary, Seaway Valley Fund, LLC. Thomas Scozzafava and his sister owned Seaway Valley Fund, LLC prior to its acquisition by Wisebuys in 2006.

Hackett Acquisition

On November 9, 2007, WiseBuys Stores, Inc., completed its acquisition of Patrick Hackett Hardware Company. Hacketts, one of the nation's oldest retailers established in 1830, is a full line department store specializing in name brand merchandise and full service hardware. At the time of the acquisition, Hacketts had five locations featuring brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. Hacketts also carries domestics, home decor, gifts, seasonal merchandise and sporting goods. Hacketts full service hardware department features traditional hardware, tool, plumbing, paint and electrical departments.

Hacketts will be the surviving operating entity with all of the WiseBuys stores to be converted to and run under the "Hacketts" brand. After the store conversions, Hacketts will operate nine locations including Canton, Gouverneur, Hamilton, Massena, Ogdensburg, Potsdam, Pulaski, Tupper Lake, and Watertown - all in New York.

[Band.Of.Brothers]

NEWS >>>>> Joe Ettore Agrees to Join Hacketts Board of Directors
Adds Over Forty Years of Retail Experience and Leadership to Hacketts Board
Nov 16, 2007 10:02:00 AM
Copyright Business Wire 2007
OGDENSBURG, N.Y.--(BUSINESS WIRE)--

Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) ("Seaway Valley") announced today that Joe Ettore has agreed to join the board of directors of its wholly owned subsidiary, Patrick Hackett Hardware Company ("Hacketts"). Mr. Ettore, who was instrumental in the formation and success of WiseBuys Stores, Inc., has over forty years of retail experience, including leading multi-billion revenue companies.

Tom Scozzafava, Seaway Valley chairman and CEO stated, "Mr. Ettore is a highly-respected business executive with over 40 years of retail experience. He is a skilled strategist with the proven vision and demonstrated tenacity to lead companies through challenging, highly competitive environments. He is energetic, detail oriented, hands-on executive who is a talented team-builder who inspires dedication, enthusiasm and loyalty. We are extremely pleased that he has decided to continue on to assist Hacketts in its development and growth."

Mr. Ettore's executive leadership roles have included both Chief Executive Officer and President of Ames Department Stores, Jamesway Corporation, and Stuarts Department Stores. He began his retail career in 1962 for Unishops, Inc.

Mr. Scozzafava added, "Mr. Ettore will be a valued member of the Hacketts family who will help the company realize its ambitions of continued growth and increased profitability." After the WiseBuys Stores, Inc. store conversions, Hacketts will operate nine locations including Canton, Gouverneur, Hamilton, Massena, Ogdensburg, Potsdam, Pulaski, Tupper Lake, and Watertown - all in New York.

About Patrick Hackett Hardware Company

Hacketts, one of the nation's oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hacketts, now with nine locations, features brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. Hacketts also carries domestics, home decor, gifts, seasonal merchandise and sporting goods. Hacketts full service hardware department features traditional hardware, tool, plumbing, paint and electrical departments.

About Seaway Valley Capital Corporation

[pitz]

Zunächst einen Dank an dich B.o.B., für die Eröffnung des Faktenthreads, der macht die Sache weit übersichtlicher.
Um deine Frage aus dem Hauptthread in Deutsch zu beantworten:

Ehemalige WiseBuy, jetzt Hacketts Supermärkte in
Gouveneur,
Hamilton,
Potsdam, (USA)
Pulaski,
Tupper Lake,
Canton and
Watertown

Hacketts Supermärkte in
Massena,
Canton (wird geschlossen) and
Ogdensburg.

Hacketts hat etwa 180 Mitarbeiter plus die 125 von WiseBuys, zusammen also etwa 305.

Thomas Scozzafava sagte im Juli, dass er keinen Arbeitsplatzabbau in Betracht zieht, eher einen Aufbau.
Alles im ersten Posting in Englisch nachzulesen.

[Band.Of.Brothers]

Daten von den 100% Beteidigungen von SEAWAY:

Umsatz aktuell: mehr als 30 Millionen pro JAhr

Gewinn: 1,5 -2,00 Millionen Euro

Geplanter Umsatz druch Ausbau der Stores auf 25-30 : größer 100 Millionen Euro

Aktuelle MK von SWVC(bei 800 Millionen Aktien) : 14 Millionen Dollar bei einem Kurs von 0,015 Dollar.

[Band.Of.Brothers]

Press Release Source: Seaway Valley Capital Corporation

Seaway Valley Capital Corporation to Position Hacketts for Growth and Look to Acquire Additional Assets
Monday November 19, 2:09 pm ET

GOUVERNEUR, N.Y.--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC - News) (“Seaway Valley” or the “Company”) chairman and chief executive officer, Thomas W. Scozzafava, issued the following update to its shareholders today:

Dear Shareholders:

Since July of 2007, Seaway Valley management has been focused on delivering, as promised, the acquisitions of WiseBuys Stores, Inc. (“WiseBuys”) and then Patrick Hackett Hardware Company (“Hacketts”). Now that this has been accomplished, Hacketts management will begin the task of converting WiseBuys stores to Hacketts stores, which should take a number of months. When done, there will be nine Hacketts stores in total with projected combined annual sales of over $30 million and earnings of around $1.5 million to $2.0 million. These nine stores will serve as a platform to rapidly expand the Hacketts brand further. And although Hacketts is considering additional locations in upstate New York, it will be particularly interested in new locations in Vermont, Pennsylvania, Massachusetts, and Connecticut. Hacketts’ Phase I goal is to prudently but rapidly expand its presence to 25 to 30 stores with revenues approaching $100 million.

As part of the WiseBuys transaction, the Company also now controls the Seaway Valley Fund, LLC (the “Fund”), which generated net earnings of approximately $2.0 million and $1.2 million in 2006 and 2007, respectively. The Fund, which was formed in July 2003, buys and sells securities of primarily publicly traded companies. We expect to continue the activities of the Fund and may seek to raise additional capital into the Fund through an offering of limited partnership interests in 2008.

Seaway Valley is also currently seeking additional acquisitions and investments whereby it could increase shareholder value as well as diversify its holdings. These acquisitions may be either minority or majority stakes in companies seeking growth capital and that are well positioned for appreciation. Of particular interest to Seaway Valley are software and technology companies, restaurant and hotel groups, and energy companies. We are in initial discussions with several potential acquisition candidates, and we hope to consummate at least one additional investment in the coming months.

Finally, after management builds the underlying intrinsic value of Seaway Valley through its portfolio of cash flowing assets, the Company will aggressively explore value enhancing strategies such as parent debt reduction, share buybacks, and/or dividends. These strategies shall take additional time and will ultimately depend on the success of the underlying portfolio companies.

Thank you for your continued participation, and we look forward to additional activity in the coming months.

About Patrick Hackett Hardware Company

Hacketts, one of the nation’s oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hacketts, now with nine locations, features brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. Hacketts also carries domestics, home décor, gifts, seasonal merchandise and sporting goods. Hacketts full service hardware department features traditional hardware, tool, plumbing, paint and electrical departments.

About Seaway Valley Capital Corporation

Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and Seaway will also consider select technology investments.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.


Contact:

Seaway Valley Capital Corporation
[e-mail]
www.seawaycapital.com
or
Investor Relations:
CEOcast, Inc.
Andrew Hellman, 212-732-4300

Source: Seaway Valley Capital Corporation