1812 Brewing Company Inc (KEGS): News!!! Seaway Valley Capital Corpor...

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Friday, 09/21/2007 1:10:21 PM

Friday, September 21, 2007 1:10:21 PM

News!!!

Seaway Valley Capital Corporation Releases Acquisition Update
Friday September 21, 11:17 am ET

NEW YORK--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC - News) chairman and chief executive officer, Thomas W. Scozzafava, issued the following update to its shareholders today:

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Dear Shareholders:

I am pleased to update you on the progress of WiseBuys Stores, Inc. ("WiseBuys"), including its pending acquisition of Patrick Hackett Hardware Company ("Hacketts").

We are pleased to announce that WiseBuys Stores, Inc. ("WiseBuys") has again retained the services of Dannible & McKee, LLP to complete the audits of Patrick Hacketts Hardware Company ("Hacketts"), which shall initiate its audits on Monday September 24th. The May 24, 2007 acquisition agreement between WiseBuys and Hacketts was amended in September to include the completion of the audited financials as a contingency since WiseBuys will be 100% owned by its public parent, Seaway Valley Capital Corporation, at the time of the WiseBuys-Hacketts closing.

I am pleased to be able to update you on these events, and I shall continue to update you with further developments.

http://biz.yahoo.com/bw/070921/20070921005395.html?.v=1