1812 Brewing Company Inc (KEGS)

[peewee]

I hope we soon hear something about the outstanding stuff....

- Shop 11 and 12
Hackett’s – New Store Locations While Hackett’s current focus is converting the WiseBuys stores, management continues to aggressively seek opportunities for new store development. Hackett’s is targeting locations with demographics that are consistent with Hackett’s premium branded products and excellent customer service. To this end, management is close to executing a Term Sheet for its eleventh site and has begun negotiations with representatives for a possible twelfth location. Each store would be projected to produce revenues of $3-$4 million per store. We hope to announce soon the finalization of at least one - but possibly both - of these locations.


- Local Area retailer with 15mill revenue
Hackett’s – Acquisitions The Company has executed a Term Sheet and is currently drafting definitive agreements to acquire a regional retail company with calendar 2007 revenues of over $15 million and profits of about $550,000. The transaction, which is contingent upon execution of the definitive agreements and financing, would immediately complement Hackett’s business and management team with diversified merchandise offering and proven operators. We hope to finalize this transaction in the coming weeks. Additionally, the Company continues to seek out investments and acquisitions in the consumer products and retail space.


- Metro restaurant
Restaurant Group Management is currently in discussions with various parties for potential development of its most popular proprietary restaurant concepts: Good Fello’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. Additionally, the Company is in discussions to acquire a similar established restaurant with projected 2008 revenues of around $1.8 million that would introduce Seaway Valley to an urban, high volume market.


- The Agriculture Business and the Agrifuels
Other Seaway Valley will also continue to evaluate other acquisitions and investments in industries outside the retail, hospitality, and consumer products industry. In particular, the Company is planning to establish, together with additional outside partners, production facilities based on regionally harvested agricultural products such as wheat, corn, and barley. And as many of you already are aware, I am a founder, former Chief Executive Officer, and significant shareholder of GS AgriFuels Corporation, which was formed as a platform acquisition company for the development of ethanol, biodiesel, crush plant, and biofuels feedstock production facilities from the use of proprietary technologies. The company, primarily under my direction, made investments and acquisitions including NextGen Fuel, Inc., a biodiesel equipment manufacturer; Sustainable Systems, Inc., a 600 ton per day oilseed crush plant; ZeroPoint Clean Tech, Inc., a biomass gasification and gas-to-liquids company; and acquired Corn Oil Extraction Systems (“COES”), a technology that extracts high value corn oil from low value distillers grain. I recently initiated efforts to secure the rights to the approximate 30% equity stake in GS AgriFuels, which in early 2008 merged into GreenShift Corporation. While the outcome of these efforts is yet to be determined, I will certainly pursue the maximum value owed to Seaway and its shareholders.



Promising Longterm Investments #board-11828
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