1812 Brewing Company Inc (KEGS)

[WallStreetFamily]

Swvc Business Activity Report:


Pending Transactions:
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New 4/29/08
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1: "Hackett's initial targeted growth milestone is twenty five to thirty stores with aggregate revenues of up to $100 million."

2: "The company will now begin to aggressively promote the beer brands beyond the region and in select markets nationally."

3: "In talks with two other RadioShack owners, and is in discussions with at least three other various retailers for possible acquisition or investment."

4: "Management expects to secure at least one and possibly two new locations this year. Management will also continue to pursue acquisitions of select retailers in and around existing Hackett's stores if management feels the target's operations can be seamlessly integrated into those of Hackett's"

5: "Management is currently in discussions with various parties for potential development of its most popular proprietary restaurant concepts, Goodfello's Brick Oven Pizza and Wine Bar and The 1812 Brewpub. The concepts can be co-located or rolled out separately, depending on the market of the target area."
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New Website Pending: http://www.hackettsonline.com/
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1: One regional retailer

2: One regional retailer and wholesale distributor

3: One national consumer products company

"Aggregate revenues of all three are projected to be in the $22-$24 million range for 2008."
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4: "Seaway Realty will seek small- to medium-sized commercial assets that would most likely fall beneath the radar of larger real estate investment trusts (“REITs”).”

5: "North Country Hospitality seeks to acquire or develop strategic consumer products that complement its core hospitality businesses and that can be positioned for growth outside the region."
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6: "Hackett’s will be seeking to build upon and grow its relationship and partnerships with the RadioShack organization.”

7: "The company will seek to develop or acquire additional Jreck franchises moving forward."
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8: "Seaway Valley Capital Corporation makes equity, equity-related, and debt investments in companies that require expansion capital. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, manufacturing, and select technologies."
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Closed Transactions:
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Employees: 600
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Assets: 13

1: Hacketts ~ 9 Locations
2: Jreck Subs ~ 5 Franchise Locations
3: Radio Shack ~ 3 Franchise Locations
4: Payless Shoes ~ 4 Franchise Locations
5: KB Toys ~ 4 Franchise Locations
6: Sackets Harbor Brewing Company
7: Sackets Harbor Brew Pub
8: Goodfello’s Brick Oven Pizza and Wine Bar
9: Sackets Cantina
10: Alteri’s Bakery of Watertown
11: Brown Bag Bakery
12: Eagle's Landing Resort
13: Battlefield Driving Range
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Divisions: 2

1: Seaway Reality Holdco
2: North Country Hospitality
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Funding: 4

1: Wells Fargo ~ 3 Years
2: YA Global Capital ~CD
3: Golden Gate Capital ~CD
4: JMJ Financial ~CD
5: Legacy CD ~ Complete
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Partnerships: 1

1: Quantified Purchasing Resources
2: True Value Company
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Balance Sheet: 3

1: Revenues ~ $36,000,000 ~ $41,000,000 ~ Y
2: Assets..... ~ $31,500,000 ~ T
3: Equity ............$3,100,000 ~ +
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Shareholder Value: 1

Management is concerned with and focused on increasing shareholder value. The first and requisite step to achieve increased shareholder value at Seaway Valley is to first acquire or internally develop assets that have or that can create value faster than and beyond the costs associated with their acquisition, development, and growth. Management believes Seaway Valley's first two platform acquisitions have provided just that. As the holdings generate a history of performance, Seaway Valley can utilize lower cost sources of capital versus those used by Seaway Valley (and its predecessors) to date. The successful closing of the Wells Fargo line of credit is one example of that. And as these core holdings mature and the capital generated is in excess of what is needed to sustain growth, that excess capital can be used for such activities as convertible debenture repayments, preferred stock repayments, and/or common stock re-purchases. Once the underlying business conditions permit that, management is committed to such a plan.
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