1812 Brewing Company Inc (KEGS)

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Hackett's Annual Sales once Converted = $34,800,000 (321700sq ft * $108.18). PLus, at least one new store opening in 2008...


Hackett’s, which in 2007 operated five stores with approximately 138,000 square feet of retail sales floor, averaged sales per square foot of approximately $108.18 for the year. After taking over the WiseBuys stores in 2008 and without any new store openings, Hackett’s will operate locations with total sales floor square footage of 321,700 square feet.

We expect Hackett’s to transition each former WiseBuys store throughout 2008. Additionally, we expect Hackett’s to finalize at least one new store opening. Seaway Valley will continue to financially and operationally support Hackett’s, whether through company or asset acquisitions or general expansion.