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Re: TheStock411 post# 63985

Thursday, 09/24/2009 10:13:59 AM

Thursday, September 24, 2009 10:13:59 AM

Post# of 76867
Tommy Stepped down as President!!!!!!!!!


prnewswire
Seaway Valley Capital Corporation Announces Herbert Becker to be Named President of Hackett's

* Press Release
* Source: Seaway Valley Capital Corporation
* On Thursday September 24, 2009, 10:10 am EDT

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Companies:
o Seaway Valley Capital Corporation

GOUVERNEUR, N.Y., Sept. 24 /PRNewswire-FirstCall/ -- Seaway Valley Capital Corporation (OTC Bulletin Board: SWVL - News), a diversified holding company with its subsidiary, Hackett's Stores, Inc. (Pink Sheets: HCKE - News), today announced that newly hired Vice President Herbert Becker will be promoted to President of Patrick Hackett Hardware Company. The appointment, which was approved by the board of directors earlier this week, will take effect on Monday.

Mr. Becker is a veteran of both the retail and Internet industries. He has over 30 years in retail and retail supply chain management, with more than 20 of those years as a senior executive. His diverse background includes extensive experience with public corporations, Internet companies and on-line shopping and e-commerce.

Mr. Becker stated, "I am pleased by the vote of confidence shown to me, and as I said before and am even surer of today: I believe the core Hackett's brand has value. My focus will be to position it in the marketplace to maximize this value." Mr. Becker has focused on streamlining current operations, diversifying product mix to attract a broader customer base, and aggressively pursuing an e-commerce division. Mr. Becker added, "Our first priority as Hackett's is to re-establish our long standing relationships with our premier vendors one by one, and I am optimistic we are making progress on this front." Mr. Becker can be reached at hbecker@hackettsonline.com.

Along with a number of financial and consulting positions, Mr. Becker served as a senior executive for one of Canada's largest retail chains. Other retailers Mr. Becker has worked with include Wet Seal, Tommy Hilfiger, La Curacao, Betty Barclay, W. T. Grants and Zeller's. Mr. Becker is a member of the Florida Institute of CPA's as well as the National Society of (Public) Accountants.

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. The Company encourages the public to read the above information in conjunction with its year-end statement, Form 10-KSB for December 31, 2008, and the first and second Quarter Form 10-Q financial statements. The financial statements can be viewed with the Securities and Exchange Commission, at www.sec.gov.

For more information, please contact:
Seaway Valley Capital Corporation
Email: contact@seawaycapital.com
H. Becker hbecker@hackettsonline.com
Web: www.seawayvalleycapitalcorp.com

Investor Relations:
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
Phone: 949/707-5365