1812 Brewing Company Inc (KEGS)

[WallStreetFamily]

redsoxnumba1........$15.2 million in revenues and income before taxes of over $500,000 in calendar 2007, Proven operator with track record of success. There is no room to spin this deal, I will be honest, I dont even feel like I am out on a limb when saying that this may be the "Best News" we have recieved to date. An Enormous amount of revenue(15+ million) and a positive cash flow business right off the bat. This is exactly what we want and will continue to seek.


Press Release Source: Seaway Valley Capital Corporation


Seaway Valley in Talks with Area Retailer
Monday June 23, 9:57 am ET
Company would closely complement current retail and consumer product holdings


GOUVERNEUR, N.Y.--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC - News) today reported that it is currently in discussions with an area retailer for possible acquisition. The company, which has and has had locations in various northern and central New York markets, generated approximately $15.2 million in revenues and income before taxes of over $500,000 in calendar 2007.


Thomas Scozzafava, CEO of Seaway Valley, stated, “If this company is, indeed, acquired, Seaway would be getting with it a proven operator with track record of success.” Mr. Scozzafava added, “Additionally, this particular business type would very much complement both Hackett’s and certain business lines recently acquired in the North Country Hospitality deal. And although there is a desire to keep the details confidential at this juncture, hopefully we can release more definitive information shortly.”