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Hackett?s Sets Grand Opening Date for New Canton Location
Hackett?s store to open Saturday, June 14th at University Plaza
OGDENSBURG, N.Y.--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) today announced that its wholly owned subsidiary, Patrick Hackett Hardware Company (?Hackett?s?), has scheduled a grand opening date of Saturday, June 14th for its newest store in Canton, NY, which is located in the University Plaza on US Route 11. The Hackett?s Canton grand opening represents the first of five former WiseBuys? stores that the company will be transitioning into ?Hackett?s? over the coming months.
The new Hackett?s store is a full line department store specializing in name brand merchandise and full service hardware. The Canton Hackett?s will feature brand name clothing for men, women, and children, and a large selection of brand name athletic, casual, and work footwear. The location will also offer domestics, home décor, gifts, seasonal merchandise, toys by KB Toys, and a full line of traditional and outdoor sporting goods. Hackett?s full service True Value hardware department features traditional hardware, tools, plumbing, paint and electrical departments. The Canton Hackett?s will also continue to offer shoes by Payless ShoeSource.
Norm Garrelts, President of Hackett?s stated, ?We are excited to officially begin transitioning the former WiseBuys locations to Hackett?s, as these stores have been somewhat in limbo over the past several months as we arranged financing, planned, and began executing these store layouts and merchandising.? Mr. Garrelts added, ?For any company to essentially digest another of its same size takes a tremendous amount of effort, and we are very pleased with and for our associates, and we appreciate the patience our customers have had in these communities.? The Canton Hackett?s store expects to employ up to fifty full and part time associates, which is over twice the number employed by WiseBuys at that location.
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 with brands such as 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, The specialty food lines will include Stonewall Kitchens, Southwest Specialty Foods, The Well Dressed Food Company. Robert Rothchild, Republic of Tea and many other North Country favorites.
Hackett?s also recently announced that it will be opening its tenth location in Sackets Harbor, NY with a targeted opening date scheduled for June 2008. The company?s tenth store will be located at the site of the former Harbormaster and Smokehouse restaurants on West Main Street and will carry an assortment of clothing, footwear, gift, and select specialty food and beverages.
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, now with ten locations, 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 décor, 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 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.
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