Hackett's in Discussions for Possible Two New Locations
Tuesday June 3, 10:51 am ET
If consummated, new locations would represent start of expansion beyond region
OGDENSBURG, N.Y.--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC - News) today announced that its wholly owned subsidiary, Patrick Hackett Hardware Company (?Hackett?s?), is in discussions with representatives for two new possible Hackett?s stores ? both outside the seaway valley corridor. If either lease is consummated, the stores would represent Hackett?s initial push outside the region. Both potential locations, which remain confidential during discussions, would represent large store formats of between 20,000 and 40,000 square foot venues.
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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 carries brand name clothing such as The North Face, Carhartt, Columbia, Royal Robbins, Patagonia, Horny Toad, Woolrich, Fresh Produce, and Life is Good, as well as footwear from Teva, Merrill, Nike, Reef, Born, Dansko, Crocs, Keene, Columbia, Skechers, and Doc Martens. Hackett?s also carries a variety gift lines from companies such as Woodstock, Lang, Yankee Candle, Beanpod, Danielson Design, Tag, and Demdaco. Specialty food lines include Stonewall Kitchens, Southwest Specialty Foods, The Well Dressed Food Company, Robert Rothchild, Republic of Tea and many other North Country favorites. Hackett?s full service True Value hardware department features traditional hardware, tools, plumbing, paint and electrical departments.
Hackett?s recently announced that it will be re-opening the former Canton WiseBuys on June 14th and will be opening its tenth location in Sackets Harbor, NY with a targeted opening date scheduled for June 2008.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation 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, media, business services, manufacturing, and select technologies.
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
contact@seawaycapital.com
www.seawaycapital.com
or
Investor Relations:
CEOcast, Inc.
Gary Nash, 212-732-4300
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Source: Seaway Valley Capital Corporation
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