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Re: None

Thursday, 05/01/2008 12:39:58 AM

Thursday, May 01, 2008 12:39:58 AM

Post# of 247057
Swvc Business Activity #c2

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: 5

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: 3

1: Quantified Purchasing Resources
2: True Value Company
3: Infinite Media
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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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