Seaway Valley Capital Corporation and Hackett's Appoint Herbert Becker As Vice President...

Seaway Valley Capital Corporation and Hackett's Appoint Herbert Becker As Vice
President and Chief Operating Officer

-- Retail and finance executive to immediately assist company in transition --

GOUVERNEUR, N.Y., June 29 /PRNewswire-FirstCall/ -- Seaway Valley Capital
Corporation (OTC Bulletin Board: SWVL), a diversified holding company, today
announced that wholly owned subsidiary Hackett's Stores, Inc. (Pink Sheets:
HCKE.PK) appointed Herbert Becker, as Vice President and Chief Operating
Officer of Patrick Hackett Hardware Company. Mr. Becker is a veteran of both
the retail and Internet industries. He has over 30 years in retail and retail
supply chain management, with more than 20 of those years as a senior
executive. His diverse background includes extensive experience with public
corporations, Internet companies and on-line shopping and e-commerce.

Mr. Becker stated, "Hackett's is at an inflection point where the company has
a chance to ultimately define and optimize its image, operations and business
model in a way that maximizes profits in today's dynamic retail environment."
Mr. Becker continued, "I believe the core Hackett's brand has value, and my
focus will be to position it in the marketplace to maximize this value. I also
believe in the staff at Hackett's and together I truly believe we are going to
make a change." Mr. Becker stated his initial goals would be to streamline
current operations, diversify its product mix to attract a broader customer
base, and to aggressively pursue an e-commerce division. Mr. Becker can be
reached at hbecker@hackettsonline.com.

Along with a number of financial and consulting positions, Mr. Becker served
as a senior executive for one of North America's largest retail chains. Other
retailers Mr. Becker has worked with include Wet Seal, Tommy Hilfiger, La
Curacao, Betty Barclay, W. T. Grants and Zeller's. Mr. Becker is a member of
the Florida Institute of CPA's as well as the National Society of (Public)
Accountants.

About Patrick Hackett Hardware Company
Hackett's (www.hackettsonline.com), 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. Hackett's features brand
name clothing for men, women, and children, and a large selection of brand
name athletic, casual, and work footwear. Hackett's also carries domestics,
home decor, gifts, seasonal merchandise and sporting goods. Hackett's full
service True Value hardware department features traditional hardware, tools,
plumbing, paint and electrical departments. Hackett's also owns and operates
four RadioShack stores and at certain stores leases space to Payless
ShoeSource.

About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation (www.seawayvalleycapitalcorp.com) makes
equity, equity-related, and debt investments in companies that require
expansion capital. Seaway also seeks investments in leveraged buyouts and
restructurings. Seaway will consider investment opportunities in a number of
different industries, including retail, restaurants, consumer products, media,
business services, manufacturing, and select technologies. Seaway Valley's
current portfolio includes Hackett's Stores, Inc. (HCKE.PK), Alteri Bakery,
Inc., Sackets Harbor Brewing Company and Seaway Restaurant Group.

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. The Company
encourages the public to read the above information in conjunction with its
year-end statement, Form 10-KSB for December 31, 2007, and the second and
third Quarter Form 10-Q financial statements. The financial statements can be
viewed with the Securities and Exchange Commission, at www.sec.gov.

For more information, please contact: Investor Relations:
Seaway Valley Capital Corporation Paul Knopick
Email: contact@seawaycapital.com E & E Communications
Web: www.seawayvalleycapitalcorp.com pknopick@eandecommunications.com
Phone: 949/707-5365

SOURCE Seaway Valley Capital Corporation

Seaway Valley Capital Corporation, contact@seawaycapital.com; or Investors,
Paul Knopick of E & E Communications, +1-949-707-5365,
pknopick@eandecommunications.com, for Seaway Valley Capital Corporation