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Re: LexL post# 40440

Wednesday, 09/12/2007 10:02:29 PM

Wednesday, September 12, 2007 10:02:29 PM

Post# of 244886
As previously communicated, Seaway Valley Capital Corporation had executed stock purchase agreements between shareholders representing approximately 75% of WiseBuys Stores, Inc. However, upon further review of the legal structure of these deals, both management and the WiseBuys sellers are exploring a slight modification that would make these agreements more tax efficient to both the sellers and potentially to the Company. Under the new proposed structure, the WiseBuys transaction will be considered a stock "merger" rather than a purchase, and the Company would seek to merge 100% of WiseBuys into Seaway rather than the 75% previously announced

this is from the PR...note the words EXPLORING and PROPOSED..
those words do not sound final to me..I could be wrong...

mj

"I Don't Chase Paper...I Make It Boomerang..."