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Sunday, March 02, 2008 1:25:17 PM
Facts Released by the "Company" #2
>: Management anticipates that once all five former WiseBuys stores are converted to Hackett’s stores and all nine stores operate continuously for one complete fiscal year, revenues of the initial stores should be approximately $35 million per year.
:"DONE DEAL"
>: Recently Seaway Valley announced that it executed a term sheet and is in final negotiations to acquire a regional hospitality and consumer products company with recent revenues and assets of approximately $5 million and $13 million, respectively. The company, which has gross assets of approximately $13 million and revenues of just over $5 million, specializes in consumer products and is based in Upstate New York region.
:"FINAL NEGOTIATIONS"
:>Seaway Valley is also in preliminary discussions with three other acquisition / investment candidates. These include: (i) one regional retailer, (ii) one regional retailer and wholesale distributor, and (iii) one national consumer products company. All discussions are considered serious but are still in the very early stages. Aggregate revenues of all three are projected to be in the $22-$24 million range for 2008.
:"EARLY NEGOTIATIONS"
Projected Revenues from 9 Hacketts stores, 1 Hospitality group, 1 regional retailer, 1 regional retailer and wholesale distributor, 1 national consumer products company........
= $ 72,000,000 to $ 74,000,000 million in revenues per YEAR.
:>Also going forwad: And although Hacketts is considering additional locations in upstate New York, it will be particularly interested in new locations in Vermont, Pennsylvania, Massachusetts, and Connecticut. Hacketts’ Phase I goal is to prudently but rapidly expand its presence to 25 to 30 stores with revenues approaching $100 million.
= $ 100,000,000 million per year with expansion of PHASE 1.
>: Management anticipates that once all five former WiseBuys stores are converted to Hackett’s stores and all nine stores operate continuously for one complete fiscal year, revenues of the initial stores should be approximately $35 million per year.
:"DONE DEAL"
>: Recently Seaway Valley announced that it executed a term sheet and is in final negotiations to acquire a regional hospitality and consumer products company with recent revenues and assets of approximately $5 million and $13 million, respectively. The company, which has gross assets of approximately $13 million and revenues of just over $5 million, specializes in consumer products and is based in Upstate New York region.
:"FINAL NEGOTIATIONS"
:>Seaway Valley is also in preliminary discussions with three other acquisition / investment candidates. These include: (i) one regional retailer, (ii) one regional retailer and wholesale distributor, and (iii) one national consumer products company. All discussions are considered serious but are still in the very early stages. Aggregate revenues of all three are projected to be in the $22-$24 million range for 2008.
:"EARLY NEGOTIATIONS"
Projected Revenues from 9 Hacketts stores, 1 Hospitality group, 1 regional retailer, 1 regional retailer and wholesale distributor, 1 national consumer products company........
= $ 72,000,000 to $ 74,000,000 million in revenues per YEAR.
:>Also going forwad: And although Hacketts is considering additional locations in upstate New York, it will be particularly interested in new locations in Vermont, Pennsylvania, Massachusetts, and Connecticut. Hacketts’ Phase I goal is to prudently but rapidly expand its presence to 25 to 30 stores with revenues approaching $100 million.
= $ 100,000,000 million per year with expansion of PHASE 1.
@Disclaimer I****M***H****O
