Seaway Valley Capital Corporation's Sackets Harbor Brewing Company to Restart Production...

Fri Jul 10, 2009 12:41pm EDT
 
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Seaway Valley Capital Corporation's Sackets Harbor Brewing Company to Restart
Production With Rochester-Based High Falls Brewing Company
- Sackets Harbor Brewing Company to commence commercial scale production and
bottling with one of region's leading brewers -

GOUVERNEUR, N.Y., July 10 /PRNewswire-FirstCall/ -- Seaway Valley Capital
Corporation (OTC Bulletin Board: SWVL), a diversified holding company, with
the wholly owned subsidiary Sackets Harbor Brewing Company, today announced
that it will immediately re-commence production at Rochester-based High Falls
Brewing Company. (www.highfalls.com) 

Production will initially commence on its award winning War of 1812 Amber Ale
that has developed a strong fan base of craft beer aficionados in Central and
Northern New York.  Thomas Scozzafava, President of Sackets Harbor Brewing
Company stated, "The master brewers at High Falls have worked closely with
Sackets Harbor Brewing Company for months to make sure the recipe was
carefully reproduced, and we have been extremely pleased with the product to
date.  We are excited to re-commence production."

Mr. Scozzafava continued, "The size and of experience of High Falls'
operations and its staff, respectively, made the earlier choice by Sackets
Harbor Brewing Company to partner with High Falls a relatively easy one. 
Prior to the production interruption, demand for our product had doubled over
a relatively short time and brewing at High Falls has allowed us to increase
batch production by two and a half times our previous capacity - at much
better overall economics for us."   

The larger and more efficient production process paves the way for Sackets
Harbor Brewing Co. to supply its craft beer for its growing national presence.
 War of 1812 Amber Ale can be primarily found in restaurants and retail
locations in New York and Florida, but it is also now licensed for
distribution in Massachusetts and Vermont with other state licensing underway.
 

In a related matter, Seaway Valley Capital Corporation also announced that
effective July 1, 2009, it had transferred from Seaway Valley the assets and
stock of Sackets Harbor Brewing Company into Hackett's Stores, Inc. (Pink
Sheets: HCKE) in exchange for the original ninety six shares of Patrick
Hackett Hardware Company that were transferred in December 2008.  The ninety
six shares represented the original shares acquired by WiseBuys Stores, Inc.
on November 7, 2007.

About Sackets Harbor Brewing Company 
Sackets Harbor Brewing Company (www.1812ale.com) develops, produces, and
markets micro brewed beers such as the award winning "War of 1812 Amber Ale"
and "Thousand Island Pale Ale" as well as "Railroad Red Ale", "1812 Amber Ale
Light" and "Harbor Wheat" specialty beers.  Its "1812 Amber Ale" is the
company's flagship brand and was the winner of a Silver Award at the World
Beer Championship. The company has also developed complementary products such
as Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer.

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, 2008, and the first 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:
    Seaway Valley Capital Corporation
    Email: contact@seawaycapital.com
    Herbert Becker hbecker@hackettsonline.com
    Web: www.seawayvalleycapitalcorp.com

    Investor Relations:
    Paul Knopick
    E & E Communications
    pknopick@eandecommunications.com
    Phone: 949/707-5365



SOURCE  Seaway Valley Capital Corporation

Herbert Becker of Seaway Valley Capital Corporation,
hbecker@hackettsonline.com; or Investor Relations, Paul Knopick of E & E
Communications, +1-949-707-5365, pknopick@eandecommunications.com, for Seaway
Valley Capital Corporation

 

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