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Thursday, September 13, 2007 9:37:35 AM
BoonMarket.com: BoonMarket.com Announces Coverage of Seaway Valley Capital Corporation
14 minutes ago - M2
BoonMarket.com announced today their renewed interest in Seaway Valley Capital Corporation (OTCBB: SWVC). SWVC has been mentioned on BoonMarket.com in the past and recent developments within the company have compelled BoonMarket.com to closely follow the company once again.
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SWVC news from 9/11/07:
Seaway Valley Capital Corporation Releases Acquisition Update
Seaway Valley Capital Corporation chairman and chief executive officer, Thomas Scozzafava, issued the following update to its shareholders today:
I am pleased to announce that the financial sections of the audits of WiseBuys Stores, Inc. ("WiseBuys"), which are crucial to the Company's first transaction, were completed on schedule by the auditors. On August 30th, Dannible & McKee prepared drafts of 2006 and 2007 audited financials for my review and approval, which took place right after the Labor Day weekend. The auditors, however, are waiting for Seaway Valley to finalize the terms of its agreements with the shareholders of WiseBuys Stores, Inc. to complete the "Subsequent Events" section of the audited financials, which must be released with the financial statements for the audits to be technically considered "completed."
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About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway Valley Capital Corporation also seeks investments in leveraged buyouts and restructurings. Seaway Valley Capital Corporation will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing, and the Company will also consider select technology investments
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