1812 Brewing Company Inc (KEGS)

[vortmaximum]

This may help some more as to how we got here. Look at the plan for Wisebuys!!!



From Business wire May 14th 2007


GreenShift Corporation (OTC Bulletin Board: GSHF) today is providing its
shareholders with an update regarding the Company's planned reorganization, which will
result in both debt and expense reductions through the sale of non-core assets and
through the consolidation of operations and administration.
To this end, GreenShift is pleased to announce it has executed an agreement to sell its
majority stake in GS Carbon Corporation (OTC Bulletin Board: GSCR) to Seaway
Capital, Inc. ("Seaway Capital"). Seaway Capital, a growth equity and leveraged buyout
company, has agreed to assume up to $500,000 in GSCR's legacy debt, and GreenShift
shall retain its current assets by transferring GS Carbon's current investments,
intellectual properties and R&D operating subsidiaries to GS CleanTech Corporation
(OTC Bulletin Board: GSCT).
Seaway Capital (www.seawaycapital.com) was formed in 2002 as a merchant banking
company and controls significant stakes in various companies. Upon the closing of the
transaction, Seaway intends to merge into GSCR several of its holdings, including that of
WiseBuys Stores, Inc., ("WiseBuys") a big box retail chain it founded in 2003 with former
Ames Chairman and CEO, Joe Ettore, and former BJ Wholesale executive, Joe
LaChausse. WiseBuys currently has five (5) locations representing approximately
230,000 square feet, and it has partnered with other retailers such as Payless
ShoeSource, Inc. and KB Toys to expand rapidly in rural markets in primarily former
Ames locations. WiseBuys has generated store revenues of over $35 million since
November 2003, and, after a brief pause, is now aggressively seeking growth through
acquisitions and new store development.
WiseBuys' goal is to add another 30-40 stores over a three year period and achieve
annual revenues of about $120 million. Joe LaChausse, WiseBuys' CEO stated, "We feel
this critical mass is attainable given the current supply of relatively low cost retail space
in rural America. Our initial geographic presence with be New York, Pennsylvania,
Vermont, Massachusetts, and Connecticut." WiseBuys' current stores -- all in New York
State - include Canton, Gouverneur, Hamilton, Pulaski, and Tupper Lake.
This reverse acquisition, which is subject to completion of an audit of WiseBuys and is
expected to close in June 2007, would have the effect of transferring GreenShift's
majority stake in GS Carbon to Seaway Capital, which is seeking additional investments
in media, business services, manufacturing, and technology companies.
GreenShift Chairman and CEO, Kevin Kreisler, added "One of the goals of our planned
reorganization is to reduce overhead while we simplify and rationalize our corporate
structure. We feel that transferring ownership of GS Carbon's current holdings to GS
CleanTech and then assisting GS Carbon in its completion of a material acquisition away
HighBeam Research Page 1 of 2
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from Green Shift helps to accomplish this goal in a way that enhances shareholder value
for GreenShift's, GS Carbon's and GS CleanTech's shareholders. Seaway has an
experienced management team with a track record for finding and cultivating successful
investments and creating value for its shareholders, and we feel that their planned
WiseBuys transaction and strategy moving forward have great potential."
About Seaway Capital, Inc.
Seaway Capital, Inc. ("SCI") was formed in 2002 and makes equity and equity-related
investments in companies that require expansion capital and in companies pursuing
acquisition strategies. SCI also seeks investments in leveraged buyouts and
restructurings. Seaway Capital will consider investment opportunities in a number of
different industries, including retail, media, business services, and manufacturing. SCI
will also consider select technology investments.