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 seawaycapital.com northcountryhospitality.com wisebuysstores.com hackettsonline.com ***NEW WEBSITE*** 1812ale.com abccreativegroup.com alteribakery.com jrecksubs.com --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Shareholder Value Management is concerned with and focused on increasing shareholder value. The first and requisite step to achieve increased shareholder value at Seaway Valley is to first acquire or internally develop assets that have or that can create value faster than and beyond the costs associated with their acquisition, development, and growth. Management believes Seaway Valley’s first two platform acquisitions have provided just that. As the holdings generate a history of performance, Seaway Valley can utilize lower cost sources of capital versus those used by Seaway Valley (and its predecessors) to date. The successful closing of the Wells Fargo line of credit is one example of that. And as these core holdings mature and the capital generated is in excess of what is needed to sustain growth, that excess capital can be used for such activities as convertible debenture repayments, preferred stock repayments, and/or common stock re-purchases. Once the underlying business conditions permit that, management is committed to such a plan. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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. 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. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Seaway Valley Capital Corporation Releases Update Tuesday April 29, 10:01 am ET GOUVERNEUR, N.Y.--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTCBB:SWVC - News) ( “Seaway Valley” ) chairman and chief executive officer, Thomas W. Scozzafava, issued the following update to its shareholders today: Dear Shareholders: I am pleased to give the following update of the Company. To first review, Seaway Valley has accomplished the following major milestones: -On July 1, 2007, Seaway Capital, Inc. acquired a controlling stake in the Company, which immediately began managing the Seaway Valley Fund, LLC. As part of the acquisition of the Company, Seaway agreed to assume certain legacy debt obligations of “GS Carbon Corporation,” which are now fully satisfied. -In October 2007, Seaway Valley acquired one hundred percent of WiseBuys Stores, Inc. in a stock merger transaction with a total enterprise value of approximately $6.5 million. The WiseBuys acquisition brought into Seaway Valley five retail locations totaling 230,000 square feet of retail space and key industry relationships with Payless ShoeSource, RadioShack, and KB Toys. -In November 2007, Seaway Valley acquired one hundred percent of Patrick Hackett Hardware Company in a transaction valued at $10.2 million and subsequently merged the WiseBuys operation into Hackett’s, creating a nine store chain with assets of upwards of $18 million and pro forma revenues of $30-$35 million. Since acquiring Hackett’s, Seaway Valley has reduced Hackett’s debt by approximately $3.9 million. -In March 2008, Seaway Valley assisted Hackett’s in securing a $5 million inventory based line of credit from Wells Fargo. -In April 2008, Seaway merged North Country Hospitality, Inc. into a wholly owned subsidiary in an all stock transaction valued at $11.7 million, bringing to Seaway Valley additional assets of approximately $13 million and pro forma revenues of approximately $6 million. Seaway Valley has, in fairly short order, acquired current assets totaling approximately $30 million and has current projected pro forma annualized revenues of $36 - $40 million based on North Country projected revenues and Hackett’s annualized revenues once all former WiseBuys stores are converted and operate for a full year. Below is a comparison of select reported financial data of the Company as of December 31, 2007 and June 30, 2007, prior to current management involvement:  As management continues the task of integrating its two core holdings into the Company and, to a certain extent, into each other, it will also continue to focus on driving the companies’ respective growth. Hackett’s While Hackett’s primary focus is integrating and converting the WiseBuys stores, management shall aggressively seek select opportunities for new store development. Hackett’s is targeting new locations with demographics or shopping patterns that are consistent with Hackett’s premium branded products and excellent customer service. Hackett’s flexible store footprints of as small as 15,000 square feet and as much as 55,000 square feet allow the company to consider a much larger pool of potential new sites than the typical retailer. Management expects to secure at least one and possibly two new locations this year. Management will also continue to pursue acquisitions of select retailers in and around existing Hackett’s stores if management feels the target’s operations can be seamlessly integrated into those of Hackett’s. Hackett’s recently acquired the Hamilton, NY RadioShack, is in talks with two other RadioShack owners, and is in discussions with at least three other various retailers for possible acquisition or investment. As stated by management previously, Hackett’s initial targeted growth milestone is twenty five to thirty stores with aggregate revenues of up to $100 million. North Country Hospitality, Inc. North Country has a number of fronts on which to drive the company’s revenue growth and profitability. Alteri’s Bakery currently has excess production capacity that would enable it to roughly double its current sales. Securing new commercial contracts to drive production while also promoting its higher margin specialty products will be the focus of management over the coming months. As the owner of five Jreck Subs franchises, North Country shall seek to develop or acquire regionally clustered locations of four or five outlets per group where annual sales potential is between $500,000 and $1,000,000 per store. Management is currently in discussions with various parties for potential development of its most popular proprietary restaurant concepts, Goodfello’s Brick Oven Pizza and Wine Bar and The 1812 Brewpub. The concepts can be co-located or rolled out separately, depending on the market of the target area. Finally, marketing the beer portfolio of the Sackets Harbor Brewing Company represents a significant growth opportunity. As the products approach their market potential locally, the company will now begin to aggressively promote the beer brands beyond the region and in select markets nationally. North Country originally targeted revenue growth to $30 million on an asset base of $40 million by 2010. Additional Acquisitions Seaway Valley will also continue to evaluate other acquisitions and investments in industries outside the retail, hospitality, and consumer products industry. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- LATEST NEWS: SEAWAY VALLEY IN DISCUSSIONS WITH METRO RESTAURANT FOR POSSIBLE ACQUISITION Management looking to expand restaurant group outside northern New York biz.yahoo.com SACKETS HARBOR BREWING COMPANY FINDING SUCCESS IN KEY SYRACUSE MARKET The Blue Tusk Pub & Wine Bar lists “War of 1812 Amber Ale” as top five poured by volume seawaycapital.com HACKETT’S IN DISCUSSIONS FOR POSSIBLE TWO NEW LOCATIONS If consummated, new locations would represent start of expansion out of region seawaycapital.com SACKETS HARBOR BREWING COMPANY TO CO-HOST BEER AND WINE FESTIVAL Sackets Harbor 1812 Beer and Wine Festival Scheduled for Saturday June 7th seawaycapital.com SEAWAY VALLEY'S WAR OF 1812 AMBER ALE' MOVES INTO ORLANDO, FLORIDA MARKET WITH GATORS DOCKSIDE RESTAURANTS (5-30-08): Sackets Harbor Brewing Company sees Florida market as tremendous opportunity biz.yahoo.com HACKETT'S SET GRAND OPENING DATE FOR NEW CANTON LOCATION (5-29-08): Hackett's store to open Saturday, June 14th at University Plaza biz.yahoo.com SACKETS HARBOR BREWING COMPANY INTRODUCES FLAGSHIP PRODUCTS AT MAJOR CHICAGO RESTAURANT SHOW (5-21-08): "War of 1812 Amber Ale" and "Thousand Islands Pale Ale" showcased at International Wine, Spirits and Beer Event for over 1,000 hospitality participants biz.yahoo.com HACKETT'S LAUNCHES UPDATED WEBSITE (5-14-08): Site includes updated store information and up-to-minute merchandise sales and specials biz.yahoo.com HACKETT'S FORMS BOARD OF ADVISORS (5-14-08): Founders and Former Ames executive Joe Ettore to lead Advisory Board biz.yahoo.com HACKETT’S TO OPEN NEW STORE IN SACKETS HARBOR (5-13-08): Mid-June date targeted for opening of Hackett’s tenth location seawaycapital.com SEAWAY VALLEY APPOINTS CHRISTOPHER SWARTZ TO BOARD OF DIRECTORS (5-9-08): Swartz also joins management team at Seaway Valley seawaycapital.com SEAWAY VALLEY ENGAGES FRANSACTION TO EXPLORE BRICK-OVEN PIZZA FRANCHISE MODEL (5-8-08): Economics and menu of Goodfello’s make franchising possibility attractive seawaycapital.com HACKETT’S PREPARES TO LAUNCH NEW ADVERTISING CAMPAIGN (5-7-08): Advertisements to focus primarily on Hackett’s premium clothing, footwear, and gift lines seawaycapital.com HACKETT’S ACQUIRES GOUVERNEUR, NEW YORK RADIOSHACK FRANCHISE AND STORE (5-1-08): Company adds a fourth RadioShack stores to its portfolio; continues to acquire additional outlets seawaycapital.com HACKETT’S PREPARES FOR LAUNCH OF NEW WEBSITE (4-30-08): Website launch expected in mid-may seawaycapital.com SEAWAY VALLEY CAPITAL CORPORATION RELEASES UPDATE (4-29-08): seawaycapital.com NORTH COUNTRY HOSPITALITY EXECUTES PRODUCT PURCHASING AGREEMENT (4-24-08): Company looks to reduce costs of purchasing for restaurant group seawaycapital.com HACKETT'S ACQUIRES HAMILTON, NEW YORK RADIOSHACK FRANCHISE (4-21-08): Company adds a third RadioShack store to its portfolio; looking to acquire additional outlets seawaycapital.com SEAWAY VALLEY CAPITAL AND NORTH COUNTRY HOSPITALITY STRIKE MERGER DEAL (4-18-2008): Management to seek benefits from operational synergies, cross marketing and promotional opportunities. seawaycapital.com SEAWAY VALLEY CAPITAL GIVES UPDATE ON LEGACY DEBT STATUS (4/1/08): Seaway Valley Capital Announces Satisfaction of Certain Outstanding Debentures seawaycapital.com SEAWAY VALLEY CAPITAL FORMS REAL ESTATE MANAGEMENT DIVISION (3/25/08): Seaway Realty to manage Company real estate assets and look to acquire or develop other commercial real estate projects. seawaycapital.com HACKETT'S ASSUMES RADIOSHACK FRANCHISES (3/24/08): Assumes Operations of Former WiseBuys' Tupper Lake and Pulaski RadioShack Franchises seawaycapital.com PAYLESS TO REMAIN AT FORMER WISEBUYS STORES (3-19-08): Hackett's to Offer Branded Alternative Along Side Payless seawaycapital.com SEAWAY VALLEY CAPITAL CORPORATION RELEASES UPDATE (3-17-08): Shareholder Letter - Wells Fargo LOC; Forthcoming Acquisitions seawaycapital.com HACKETT'S CLOSES $5 MILLION FINANCING AGREEMENT (2-22-08): Funds to be Used for Store Conversions and Expansion seawaycapital.com SEAWAY IN DISCUSSIONS WITH SEVERAL COMPANIES FOR INVESTMENT OR ACQUISITION (1-24-08): Looks to Acquire Companies That Benefit From Portfolio Participation seawaycapital.com SEAWAY VALLEY EXECUTES TERM SHEET TO ACQUIRE HOSPITALITY GROUP (1-18-08): Assets and Businesses Complementary to Seaway Valley's Current Holdings seawaycapital.com HACKETT'S ANNUAL SALES RISE 12.5% IN 2007 (1-26-08): Sales Strength Driven By Apparel and Footwear seawaycapital.com HACKETTS RECEIVES $5 MILLION INVENTORY BASED FINANCING COMMITMENT (1-7-08): Funds to be Used for Debt Repayment, Store Conversions and Expansion seawaycapital.com HACKETTS' DAY-AFTER-THANKSGIVING SALES RESULTS EXCEED EXPECTATIONS (11-26-07): "Black Friday" Sales Increase Almost 60% Over Prior Year Results seawaycapital.com COMPANY TO POSITION HACKETTS FOR GROWTH AND LOOK TO ACQUIRE ADDITIONAL ASSETS (11-19-2007): Shareholder Letter - Hacketts' Phase I Goal; Seaway Valley Fund; Share Buyback & Dividends seawaycapital.com JOE ETTORE AGREES TO JOIN HACKETTS BOARD OF DIRECTORS Ads Over Forty Years of Retail Experience and Leadership to Hacketts Board seawaycapital.com WISEBUYS COMPLETES HACKETTS ACQUISITION Process of Company Integration and Store Conversions to Begin seawaycapital.com --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- During April 2008, Seaway Valley Acquired The Following Expansion Holdings: -Sackets Harbor Brewing Company develops, produces, and markets micro brewed beers such as the award winning “1812 Amber Ale” and “Railroad Red Ale” as well as “Thousand Island Pale Ale”, “1812 Amber Ale Light” and “Independence Wheat” specialty beers. Its “1812 Amber Ale” is the company’s flagship brand and was the winner of a Silver Award at the 1998 World Beer Championship and has been aggressively marketed to command a significant retail presence in the regional market place. Management estimates 1812 Ale has an approximate 15% category market share within its primary distribution area and distributes keg and bottled beer to over 300 locations in northern New York. The company has also developed complementary products such Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer. Management is now focused on positioning the 1812 brand portfolio for growth outside the region. -Sackets Harbor Brew Pub is an operating “Brew Pub" that produces its own specialty beer on site while also offering fine dining. The Brew Pub offers six of its own brews on tap including each of its regionally sold beers such as 1812 Ale, Railroad Red, and Thousand Island Pale Ale as well as ever changing seasonal offerings. The Brew Pub restaurant represents the dual opportunity to expand this profitable concept through new locations with the additional benefit of further building the “1812” brand beers. -Goodfello’s Brick Oven Pizza and Wine Bar is featured in charming interior of brick and wood and specializes in excellent-yet-affordable Italian food. The focal point of the restaurant is its large brick oven for cooking pizza, appetizers and special pasta entrees along a comfortable bar that offers a wide variety of wine and beer including Sackets Harbor Brewing Company selections. Goodfello’s warmth and intimate atmosphere offers a unique setting rarely found in the marketplace for neighborhood Italian eateries, and management is currently evaluating several opportunities to expand the chain. -Sackets Cantina Sackets offers a traditional Mexican menu featuring the usual favorites as well as many excellent Mexican-inspired creations. The restaurant is set in a completely remodeled historic building expressing the bright colors and ambiance of Old Mexico and enhanced by a copper covered bar that offers varieties of Mexican beers and tequilas. The Cantina’s signature dish is the “Molcajete” which is seldom seen in American Mexican restaurants. This and other creative dishes have positioned the Cantina as unique Mexican dining not experienced at most other multi-unit restaurants. -Jreck Subs Franchises ( jrecksubs.com ) North Country now owns and operates five Jreck Subs franchise locations in northern and central New York including Watertown, Clayton, Cape Vincent, Alexandra Bay, and Liverpool. The Jreck Subs Company was started in 1967 by five local entrepreneurs, and since then, Jreck Subs has grown to over forty-seven locations in northern and central New York. The Jreck Subs concept is quality foods at moderate prices. Jreck Subs have a variety of hot and cold sandwich choices, homemade style soups, and a children’s menu. The company will seek to develop or acquire additional Jreck franchises moving forward. (The Jreck Subs franchise chain is owned and operated by an entity owned by Christopher Swartz.) -Alteri’s Bakery ( alteribakery.com ) has serviced the north country region with quality baked goods since 1971, when Querino and Ida Jane Alteri purchased the bakery, which is still operated by the founders’ son, Mark. Alteri’s is now located in a state of the art baking facility in the heart of Watertown’s business district, and is one of the last traditional Italian bakeries in the area. Alteri's brings four generations of baking experience and over 80 years of serving northern N.Y. with the finest "true" Italian breads and specialty pastry items, such as cakes, cookies, muffins, bagels, and specialty gift baskets. Alteri’s products can be found at local restaurants, grocery stores, schools, and its own store. In addition, Alteri’s recently assumed the production of sub rolls for the entire Jreck Subs franchise chain of 47 locations, which alone includes approximately two million five hundred thousand rolls baked and shipped annually. -Various Real Estate Assets are under development for future restaurants or retail outlets. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- WISEBUYS STORES, INC. EXECUTES AGREEMENT TO ACQUIRE HACKETTS Friday July 20, 9:38 am ET WiseBuys agrees to acquire one of nation's oldest retailers; the combined company will operate stores as "Hacketts" NEW YORK--(BUSINESS WIRE)--WiseBuys Stores, Inc. ("WiseBuys") announced today that it has executed an agreement with its owners to acquire 100% of the stock of Patrick Hackett Hardware Company ("Hacketts"). Hacketts, which is one of the nation's oldest retailers, currently has stores in New York State in the villages of Canton, Ogdensburg, Massena, Potsdam, and Watertown. WiseBuys current locations include Canton, Gouverneur, Hamilton, Pulaski, and Tupper Lake - all also in New York State. "We are pleased to announce this agreement to acquire Hacketts," stated Thomas Scozzafava, a co-founder of WiseBuys and current CFO. "WiseBuys and Hacketts combining into one entity is strategic for a number of reasons, including the sharing of managerial resources, increasing purchasing power, leveraging current advertising spending, and diversifying the combined company's merchandise mix. We anticipate taking the best from both companies and combining those qualities under one roof under the store brand 'Hacketts'," Mr. Scozzafava added. The acquisition, which calls for a $1.5 million payment at closing and additional payments of $4.5 million over eight years, includes management agreements for the retention of the founding family members as well as Hacketts current CEO. About Hackett's: Hackett's is one of the oldest retail establishments in New York State and the Nation. Its origins date back to 1830 when it was a ships chandlery, wholesale supplier and a traditional hardware store. During its evolution, it would also become a supplier of railroad equipment, builders and contractors' supplies, plumbing supplies, steam fitting, tinsmithing, and a large foundry manufacturing many lines of metal plumbing items that you still find in existence today. Over the years, the company has adapted to changing market conditions and evolved into a full line department store focused on premium clothing, footwear, and gift items and today consists of five (5) locations: (i) Ogdensburg, NY (55,000 sq. ft.) - full line department store also featuring a coffee shop serving breakfast and lunch gourmet specialties called North Water Street Coffee Company; (ii) Potsdam, NY (41,000 sq. ft.) - a recently-opened (2004) full line department store; (iii) Watertown, NY (56,000 sq. ft.) - newly-opened (4th Qtr '06) full line department store; (iv) Massena, NY (12,700 sq. ft) - Hackett's only mall location opened in late 1999 with a focused selection of premium clothing, footwear, and gifts; (v) Canton, NY - a full line footwear department, apparel for men and women, and a sporting goods department; (this would be closed and the building sold or leased and operations moved to WiseBuys.) Hackett's has an outstanding reputation within the industry as a customer service-focused organization selling premium products at a fair price - both of which differentiate it from "discount" big box retailers. About WiseBuys: WiseBuys Stores, Inc. ("WiseBuys") was formed and began operations in 2003 as a direct result of the closing of small-town retail staple, Ames Department Stores. Founded primarily by lifelong "north country" residents, WiseBuys initially focused its efforts on serving the "discount" retail needs of mostly rural communities throughout northern and central New York. WiseBuys' strategy included an innovative approach whereby it partnered with established and successful specialty discounters to create a "mall without the walls" concept. This innovative approach made easier to expand rapidly (five stores in thirteen months) because less capital was required for inventory, and partnering with niche players made immediately competitive across certain product lines. That is, although WiseBuys has only five stores, its pricing reflected the established purchasing power of Payless, KB Toys, etc. And from the customers' perspective, WiseBuys had created a full line department store virtually over night. The concept was embraced by large, well-established retailers and was heralded in the industry. The following in-store retail partnerships with both national and regional chains were established: Payless ShoeSource, Inc. - "store-within-a-store" deal across chain KB Toys Inc. - exclusive license agreement "KB Toys at WiseBuys" branded department RadioShack - franchise acquisitions Card$mart, Inc. - franchise acquisitions Home Fashion Distributor, Inc. - consignment inventory deal for domestics Masters, Inc. - leased department deal for apparel (consignment inventory) Massey's Furniture Barn, Inc. - consignment inventory deal for furniture & mattresses In addition, WiseBuys won such awards as the "New York State Small Business Development Center Excellence Award" (April '04) and the "Oswego County Job Creation Award" (June '04). WiseBuys current stores include the following: (i) Canton, NY (40,000 sq. ft.) - full line department store; (ii) Gouverneur, NY (53,000 sq. ft.) - full line department store; (iii) Hamilton, NY (43,000 sq. ft.) - full line department store; (iv) Pulaski, NY (59,000 sq. ft) - full line department store; and (v) Tupper Lake, NY (34,000 sq. ft.) - full line department store. The acquisition of Hacketts by WiseBuys is subject to financing arrangements by WiseBuys. Recently, GS Carbon announced an agreement to acquire about 60% of the voting stock of WiseBuys Stores, Inc., and is seeking to acquire additional shares of WiseBuys. Both WiseBuys and Hacketts will be subject to completed audited financials. WiseBuys recently engaged Syracuse-based accounting firm Dannible & McKee, LLP (www.dmcpas.com) to complete these audits. HACKETTS:   hackettsonline.com Hacketts Advertising: northcountrynow.com Hacketts is one of the oldest retail establishments in New York State and the Nation. Its origins go back to 1830 when it was a ships chandelry, wholesale supplier and a traditional hardware store. During its evolution, it would also become a supplier of railroad equipment, builders and contractors supplies, plumbing supplies, steam fitting, tinsmithing, and a large foundry manufacturing many lines of metal plumbing items which you still find in existence today. Over the years, the company has adapted to changing market conditions and evolved into what we are today. Hacketts today consists of three locations. The store at 1223 Pickering Street in Ogdensburg, New York is a 55,000 square foot department store featuring all of the traditional hardware, plumbing, and electrical departments, plus a full line clothing department for men, women, and children, a footwear department with over forty lines of shoes available, a gift department with many unique and unusual items, a large seasonal area that represents merchandise from around the world, a state-of-the-art paint department, accessory and home décor department, a quality brand sporting goods department, an automotive section featuring NASCAR collector items, a seasonal outdoor living area featuring patio furniture, lawn décor and fountains, lawn and garden goods, outdoor cooking area, a full line power equipment department, equipment rental business, and, finally, a coffee shop serving breakfast and lunch gourmet specialties called North Water Street Coffee Company. Our second location, in the Canton Plaza on Miner Street in Canton, New York, features a full line footwear department, apparel for men and women, and a sporting goods department. Lastly, our Massena location is our latest addition. Here you can find a wide selection of clothing, footwear and unique gift ideas. We also offer many other services to compliment your experience at Hackett's. In our paint department, we offer computerized color matching so no matter what you need to match, we can do it. In hardware, we make keys, sharpen knives, repair windows and screens, and cut glass. In our power place, we repair small engines and bicycles. In our gift department, we have a bridal registry, and gift basket service. In our footwear department, if we don't have your exact size, we will special order. And finally, when your selections are complete, we can gift wrap your selections, offer you a merchandise gift certificate for what you couldn't find, charge your purchases on your charge card or open a Hackett's charge for future convenience, and sincerely thank you for your sale. With all this, and 100 dedicated employees to help make your visit worthwhile, make sure to include our stores in your next shopping trip. WISEBUYS:   wisebuysstores.com WiseBuys' goal is to add another 30-40 stores over a three year period and achieve annual revenues of about $120 million. Joe LaChausse, WiseBuys' CEO stated, "We feel this critical mass is attainable given the current supply of relatively low cost retail space in rural America. Our initial geographic presence with be New York, Pennsylvania, Vermont, Massachusetts, and Connecticut." WiseBuys' current stores -- all in New York State - include Canton, Gouverneur, Hamilton, Pulaski, and Tupper Lake. WISEBUYS FOUNDERS AND MANAGEMENT:  From left to right: Dierdre "Dede" K. Scozzafava, Joseph R. Ettore, Joseph G. LaChausse, Thomas W. Scozzafava  Thomas W. Scozzafava, Founder and Chief Financial Officer Mr. Scozzafava has over 15 years experience in venture capital and buyout investing and has extensive capital markets experience. In 2002, Mr. Scozzafava founded Seaway Capital Partners, LLC, an investment company that, among other activities, founded and financed WiseBuys Stores, Inc. Prior to founding his own firm, Mr. Scozzafava was a Director of Prudential's Merchant Banking Group where he helped find, evaluate, negotiate, and structure leveraged buyouts and investments of companies in industries that included telecommunications, media, business services, and manufacturing industries. Mr. Scozzafava also held a senior management position at Prudential's employee limited partnerships where he completed numerous venture capital and LBO investments. Prior to joining Prudential, Mr. Scozzafava was member of Lehman Brothers' Merchant Banking Group, where he analyzed leveraged buyout and growth equity investments across various industries. Mr. Scozzafava began his career with GE Capital Corporation, where he completed the company's Financial Management Program. In March 2006, New York State Governor George E. Pataki appointed Mr. Scozzafava to the Board of Trustees to the New York State Power Authority ("NYPA"). Mr. Scozzafava also sits on the Governance and Audit Committees of NYPA, whose mission is to provide clean, economical and reliable energy while promoting energy efficiency and innovation. NYPA had revenues of over $2.5 billion in 2005. Mr. Scozzafava received a Bachelor of Arts cum laude with concentrations in economics and mathematics with Honors distinction from Hamilton College in 1992. In 1990, Mr. Scozzafava was invited to join Omicron Delta Epsilon, the international economics honor society for achievement in the study of economics and also won the Charles A. Dana Prize Scholarship for "academic achievement, character, and leadership." While at Hamilton he also played Varsity Football, JV Basketball and was a member of the Alpha Delta Phi fraternity. Also during college, Mr. Scozzafava completed financial market internships at Tucker Anthony and Merrill Lynch in New York City. Subsequent to graduating, Mr. Scozzafava completed General Electric's Financial Management Program and has completed advanced finance courses at Clarkson University (Potsdam, NY) and at the University of California Berkeley (Berkeley, CA). Mr. Scozzafava acquired his National Association of Securities Dealers ("NASD") Series 7 and Series 63 licenses in 1997. Mr. Scozzafava was also a board member of Thermo Electric Wire and Cable LLC, a New Jersey-based specialty manufacturer. Mr. Scozzafava currently resides in New York, NY  Joseph R. Ettore, Founder and Chairman of the Board Mr. Ettore is a highly-respected business executive with 40 years of mass 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. Under Mr. Ettore's leadership since June 1994, Ames experienced a successful merchandising turnaround and continued improvement in operating performance. A major innovation under Mr. Ettore's direction was the implementation of the 55 Gold Savings Card, a unique program offering special discounts for customers 55 and older. The popular 55 Gold Savings Card Program was a major reason Ames received the 1999 Discount Store News award, Discounters in Service to the Community (DISC). The DISC Award recognizes innovative community service efforts by mass merchandisers and specialty stores. Mr. Ettore's leadership qualities are well recognized by his peers, who elected him Chairman of the International Mass Retail Association (IMRA) in 1995, re-elected him in 1997 and again in 1999 to an unprecedented third term. IMRA, the leading industry trade group, represents suppliers, vendors and 210 mass retailers which include discount department stores, warehouse clubs and catalog showrooms. Prior to Ames, Mr. Ettore served as President and Chief Executive Officer of Jamesway Corporation and Stuarts Department Stores, Inc. Mr. Ettore has held various senior positions with Jamesway, Kings Department Stores, and Unishops, Inc. Mr. Ettore has been involved with a wide range of charities, including the American Heart Association, the March of Dimes, the Muscular Dystrophy Association, the United Way, the Hole in the Wall Gang Camp for children with cancer, and the Jimmy Fund. He received the Humanitarian Award of the Housewares Charity Foundation. Mr. Ettore has also been honored by various organizations, including the Cardinal Cushing School and Training Center and the Valerie Fund (which supports cancer care for children). Mr Ettore received his Bachelor of Science from St. Peters College, Jersey City, New Jersey in 1961. Joseph G. LaChausse, Founder and Chief Executive Officer Joseph G. LaChausse is a North Country native who has 30 years of extensive retail management and operations experience in both Northern New York and Ohio. Prior to co-founding WiseBuys in 2003, Mr. LaChausse was a senior General Manager with B.J.'s Wholesale Club, Inc. (NYSE: "BJ") in Cleveland, Ohio, where for nine years he had been instrumental in the company's expansion into major Mid-Western markets. Mr. LaChausse oversaw and managed the construction of several B.J.'s stores from ground breaking to grand opening. In one 24-month period, Mr. LaChausse personally opened three locations and trained the management teams for five others. In one instance, he set the company record of "bulldozer to open door" in just sixty days. He also opened the company's first 70,000 sq. ft. prototype ("small box") club in Western New York. In 1996, Mr. LaChausse was honored by B.J.'s with its company-wide "Manager of the Year" award. His stores have been consistently successful, with sales volumes ranging from $25 million to $30 million per year. In addition, he has been directly responsible for sales budgets and projections for multi-unit operations. Prior to B.J.'s, Mr. LaChausse was a General Manager with P&C Foods, a division of The Penn Traffic Company (NASDAQ: "PNFT"). After joining P&C as a teenager, he quickly became one of the company's youngest managers at age 22. Further recognition of Mr. LaChausse's managerial and operational skills led to his designation as P&C's "turn around" specialist. In an effort to improve upon the poor operating results of numerous P&C stores, Mr. LaChausse was rotated to eleven separate markets where he successfully created profitable contributors of stores that previously had been producing negative cash flow and losses. He was recognized for tight expense control and minimizing "shrink" exposure, and in one location, Mr. LaChausse's efforts led to an increase of profits of over 110% to $1,300,000 in just 36 months. He was also recognized for developing a program that generated company-wide profits of over $1,000,000 per year to help offset "bad check" exposure for the organization. While with P&C, Mr. LaChausse worked and lived in various North Country communities, including Lowville, Massena, Ogdensburg, Watertown, Gouverneur, Potsdam, Plattsburgh, Herkimer, Syracuse, and Skaneateles.  Dierdre "Dede" K. Scozzafava, Founder Before founding WiseBuys Stores, Inc., Ms. Scozzafava was an investment advisor with Tucker Anthony, Inc. in Watertown, NY (now RBC Dain Rauscher). For over twenty (20) years, Ms. Scozzafava advised both institutions and individuals on a broad range of investment strategies. During this period, Ms. Scozzafava also conducted numerous seminars for various organizations and corporations on topics ranging from devising and administrating retirement plans to investment basics and estate planning for employees. Ms. Scozzafava maintained Series 7, Series 6, Series 63, and Health, Life & Disability Insurance licenses as well as being registered in foreign currency transactions. In November 2006, Ms. Scozzafava was elected to her fifth consecutive term in the New York State Assembly, District 122. She has been appointed to serve on numerous Assembly Standing Committees including Economic Development, Job Creation, Commerce and Industry; Codes; Education; Social Services; Ethics; Local Governments; and is currently the Ranking Minority Member on Transportation. Ms. Scozzafava also participated in the Legislative Hearings on the Economic Impact of the 9/11 Terrorists Attack as well a Legislative Hearing on the Upstate Economy. She also served on the Task Force on Education Standards and the Nursing Shortage Task Force. Prior to her election to the New York State Assembly, Ms. Scozzafava was elected to serve three consecutive terms as Mayor of Gouverneur, NY. Prior to serving as Mayor, Ms. Scozzafava served two consecutive terms as Trustee for the Village of Gouverneur. As Mayor, Ms. Scozzafava led the village from an inherited budget deficit to a positive fund balance while also creating the Gouverneur Area Microenterprise Revolving Loan Fund to help spur local job growth. Other important accomplishments, which included setting up a natural gas utility for village residents and upgrading the village water plant, resulted in Ms. Scozzafava receiving the New York State Conference of Mayors' Award. Ms. Scozzafava earned a Bachelor of Science degree from the Boston University School of Management and a Masters in Business Administration from the Clarkson University Graduate School of Management. Ms. Scozzafava also instructed college business courses in various areas including accounting, corporate finance, management, business law, and economics at Jefferson Community College ( Watertown, NY) and Mater Dei College ( Gouverneur & Ogdensburg, NY). Ms. Scozzafava currently resides in Gouverneur, NY with her husband and their two children. WISEBUYS PARTNERS: Payless ShoeSource, Inc., together with its subsidiaries, operates as a specialty family footwear retailer in the western Hemisphere. Its stores offer athletic, casual, and dress shoes; sandals; work and fashion boots; slippers; and accessories, such as handbags and hosiery for women, men, and children. The company also wholesale footwear. In addition, it operates a shoe dyeing facility. Payless ShoeSource operates its stores in various real estate formats, including shopping malls, central business districts, free-standing buildings, strip centers, and leased departments within other retailers. K•B Toys (previously known as Kay Bee Toys) is a chain of mall-based retail toy stores in the United States. It was founded in 1922 by the Kaufman brothers. It currently operates 605 stores in 44 U.S. states, Puerto Rico as well as Guam. K•B Toys operates three distinct store formats: K•B Toys, K•B Toy Works, and K•B Toy Outlets (aka Toy Liquidators). It is privately held in Pittsfield, Massachusetts. RadioShack Corporation is a leading retailer of consumer electronic goods and services, through its RadioShack store chain and non-RadioShack branded kiosk operations in the United States. Its products include wireless telephones and communication devices, such as scanners and two-way radios; flat panel televisions, residential telephones, DVD players, computers, and direct-to-home (DTH) satellite systems; home entertainment, wireless, imaging, and computer accessories; general and special purpose batteries; wire, cable, and connectivity products; and digital cameras, radio-controlled cars and other toys, satellite radios, and memory players. The company also provides consumers access to third-party services, such as wireless telephone and DTH satellite activation, satellite radio service, prepaid wireless airtime, and extended service plans. It also manufactures various products, including telephony, antennas, wire, and cable products, as well as hard-to-find parts and accessories for consumer electronics products. As of December 31, 2006, the company operated 4,467 RadioShack company-operated stores located in the United States, as well as in Puerto Rico and the U.S. Virgin Islands; 772 kiosks located in the United States; 7 RadioShack service centers in the United States and 1 in Puerto Rico; and a network of 1,587 RadioShack dealer outlets. RadioShack was founded in 1899 and is headquartered in Fort Worth, Texas. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- SWVC HAS MERGED WITH THE FOLLOWING COMPANY:  northcountryhospitality.com North Country Hospitality is a multi-level Restaurant & Hospitality company. NCH is a blend of fine dining establishments, casual and wine bar restaurants, Mexican cuisine dining and franchised fast food restaurants, luxury hotel accommodations and one of the largest commercial bakeries in upstate New York. -Click the following link to view a corporate presentation from June 2006: northcountryhospitality.com --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- THE NORTH COUNTRY STRATEGIC PROGRAM: North Country Hospitality brings an enhanced level of management, marketing, accounting and legal expertise to its holdings. Our experience in the hospitality industry increases each operation's efficiency and maximizes asset profitability, helping insure that each North Country affiliate is a dependable contributor to the company's revenues and balance sheet. Services Provided by North Country To Our Affiliates Include: -Accounting and Independent Auditing -Franchise Expansion Programs -Corporate Legal Functions -Marketing and Brand Management -National Purchasing Co-Op --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NORTH COUNTRY'S LEADERSHIP TEAM: Principals in North Country Hospitality Enterprises include restaurant owners, managers and chefs with over 45 years of combined experience. In addition the commercial bakery has been operating for over ten years. Master bakers and bakery managers have over 50 years of combined experience. Christopher Swartz is Chief Executive Officer and Chairman of North Country Hospitality Inc. Mr. Swartz has been the president of publicly traded companies specializing in restaurants and restaurant chain acquisitions for over 10 years. Gary Baker is Chief Operating Officer of North Country Hospitality. Mr. Baker has managed industrial plants and bakeries since the early 1970's. His vast understanding of the requirements for delivering premium and 'fresh-daily' bakery products has streamlined Brown Bag Bakery into a successful, and growth oriented business. Stephen Flynn, Senior Vice President of Distribution has owned and managed the Sackets Harbor Brewing Company, Sackets Harbor Brew Pub, Good Fellos Restaurant and the Sackets Cantina for over 10 years. Errol Flynn has also been a minority owner in. Sackets Harbor Brewing Company, Sackets Harbor Brew Pub, Good Fellos Restaurant and the Sackets Cantina for over 10 years. Mr. Flynn's detailed experience in managing multi-million dollar corporate enterprises helps guide North Country's course for growth and continued profitability. Michael Kilburn, Director of Finance, has overseen the finances of restaurants and multi-unit concepts since 1996. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- RETAIL PRODUCTS: Sackets Harbor Brewing Company develops, produces, and markets micro brewed beers such as the award winning "1812 Amber Ale" and "Railroad Red Ale" as well as "Thousand Island Pale Ale", "1812 Amber Ale Light" and "Independence Wheat" specialty beers. Its "1812 Amber Ale" is the company's flagship brand and was the winner of a Silver Award at the 1998 World Beer Championship and has been aggressively marketed to command a significant retail presence in the regional market place. Management estimates 1812 Ale has an approximate 15% category market share within its primary distribution area and distributes keg and bottled beer to over 300 locations in northern New York. The company has also developed complementary products such Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer. Management is now focused on positioning the 1812 brand portfolio for growth outside the region. Sackets Harbor Brew Pub is an operating "Brew Pub" that produces its own specialty beer on site while also offering fine dining. The Brew Pub offers six of its own brews on tap including each of its regionally sold beers such as 1812 Ale, Railroad Red, and Thousand Island Pale Ale as well as ever changing seasonal offerings. The Brew Pub restaurant represents the dual opportunity to expand this profitable concept through new locations with the additional benefit of further building the "1812" brand beers.   The Sackets Harbor Brew Pub is not an ordinary bar/restaurant. It is a operating "brewpub", that produces its own beer and a restaurant offering fine dining. The pub offers 6 of its own brews on tap that includes their regionally sold beers, 1812 Ale and Thousand Island Pale Ale as well as ever changing seasonal offerings. The chef, Karin Cornish, has used her award winning talents to match the food menu to the beer menu. The brewery/restaurant is located in a refurbished railway station of the now defunct New York Central Railroad located on the edge of the harbor, near docks and marinas that offer excellent access to Lake Ontario. The dining room boasts an expansive view of the lake with incredible sunsets. They offer excellent food in a casual dining atmosphere. The award winning beers include the War of 1812 Ale, which won the Silver Medal in the 1998 World Beer Championships. The pub sells bottled beer and draft to hundreds of bars, restaurant and retail stores in the North Country and Central New York where 1812 Ale and Thousand Islands Pale Ale are distributed by Doldo Brothers and Sheehan Distributors. Video about the Brewery and Production: northcountryhospitality.com Sackets Harbor Brewing Company Beers:     1812 Ale Amber: 5.2%/v Awarded a Silver Medal in the World Beer Championships in the Amber Ale category for 1998, this is our flagship ale. It has a nutty malt flavor which is balanced by a citris hop flavor and a classic ale fruitiness. We distribute this ale on draft and in bottles throughout Northern & Central New York. 1812 Ale Light: 5.2%/v A German style kolsch light beer for lighter beer fans. It has a crisp flavor and is easy to drink. We plan to offer 1812 Light in bottles and kegs for national distribution later in the year. Railroad Red Ale: 5.0%/v Railroad Red Ale was also a Silver Medalist in the 1998 World Beer Championships, in the Irish Ale category. Our Railroad Red is a favorite among Sackets Harbor beer aficionados. Railroad Red Ale has a deep garnet color, with a roasty chocolate flavor. A blend of four different hops gives this ale a perfect balance. Independence Wheat: 5.3%/v This great wheat beer soon to be released in bottles and kegs is an unfiltered Belgian styled wit beer brewed with Belgian malt and wheat and spiced with coriander and orange peel with a touch of noble hops. Andy our brew master also adds a secret spice for a smooth, easy drinking beer. Scotchtoberfest: 7.5%v A full bodied ale, rich malty, and big and smooth. Battlefield Brown: 6.3%/v A full bodied English brown ale big and malty SHBC Root Beer: A beer the whole family can enjoy is a rich time-honored root beer made here in Sackets Harbor and one of our favorite soft drinks. St. Stephens Nitro Stout: 5.0%/v This is a real winter warmer. A medium bodied Stout, rich with hints of chocolate and coffee. We'll match this tasty nitrogenated St. Stephens Stout with Guinness any time! Sackets Dubble: 7.3%v A medium bodied amber Belgian ale, malty, spicy and smooth. Where is Sackets Harbor beer sold? 1812ale.com Sackets Harbor Brewing Company 212 West Main Street • Sackets Harbor, New York 13685 Phone (315)646-BREW • Fax (315)646-2752 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Good Fellos Brick Oven Pizza & Wine Bar   Goodfello's Brick Oven Pizza and Wine Bar is featured in charming interior of brick and wood and specializes in excellent-yet-affordable Italian food. The focal point of the restaurant is its large brick oven for cooking pizza, appetizers and special pasta entrees along a comfortable bar that offers a wide variety of wine and beer including Sackets Harbor Brewing Company selections. Goodfello's warmth and intimate atmosphere offers a unique setting rarely found in the marketplace for neighborhood Italian eateries, and management is currently evaluating several opportunities to expand the chain. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- North Country Hospitality Owns Two Retail and Commercial Bakeries:  Alteri's Bakery ( alteribakery.com ) has serviced the north country region with quality baked goods since 1971, when Querino and Ida Jane Alteri purchased the bakery, which is still operated by the founders' son, Mark. Alteri's is now located in a state of the art baking facility in the heart of Watertown's business district, and is one of the last traditional Italian bakeries in the area. Alteri's brings four generations of baking experience and over 80 years of serving northern N.Y. with the finest "true" Italian breads and specialty pastry items, such as cakes, cookies, muffins, bagels, and specialty gift baskets. Alteri's products can be found at local restaurants, grocery stores, schools, and its own store. In addition, Alteri's recently assumed the production of sub rolls for the entire Jreck Subs franchise chain of 47 locations, which alone includes approximately two million five hundred thousand rolls baked and shipped annually.   Brown Bag Bakery is a 20,000 sq. ft. facility serving the entire North Country marketplace on a daily basis. Located in Watertown, NY, Brown Bag Bakery is only 6 miles from Fort Drum, home of the 10th Mountain Divison. Brown Bag Bakery has exclusive contracts to provide baked goods to many locations on the military base. The facility also produces all bread products for JRECK Sub Shops.   --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Investor Relations: Gary Nash CEOcast, Inc. Phone: 212-732-4300 Standard Transfer Agent: 1-801-266-7151 Updated May 27, 2008 OS: 1,424,865,882 FL: 1,345,318,998 RE: 79,546,884 Complete Details of Share Structure: siliconinvestor.com NEWS/FILINGS: finance.yahoo.com | ||||||||||||||
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