wildbillcudasbottom fisherclub

[wildbill]

SVNR NewBridge Capital Inc. Announces Completion of Merger, Name Ch
nge and New Trading Symbol; NewBridge Capital Inc. Co
B: NewBridge Capital Inc. Announces Completion of Merger, Name Change and New Tr
ding Symbol; NewBridge Capital Inc. Completes acquisition of the Assets and Oper
tions Of SeaHAVN(DE), Ltd. and Operating Assets of SeaHAVN, Ltd. (BVI)

BELLEVUE, Wash., Jun 30, 2005 (BUSINESS WIRE) -- NewBridge Capital Inc., (NBGC)
announced that it received approval from the NASD of its requested name change
to SeaHAVN Corporation and its new trading symbol (Pink Sheets:SVNR), which both
became effective June 10th 2005.

The company said that it is moving its headquarters to Washington State to be
closer to its primary market representatives and to be more geographically
central and accessible to its new Board. In May the company announced the
appointment of additional members to its Board; Mr. James Wexler, Chairman and
CEO of SeaHAVN (DE), Ltd. and Chairman and CEO of SeaHAVN, Ltd. (BVI), Mr. Byron
Nutley, currently a senior executive with Microsoft Corporation, and Mr. Scott
Baker, Financial Manager for Carl Bro AS. Mr. Lake, the company's former
President stepped down and was replaced by Mr. Wexler, but Mr. Lake will remain
on the SeaHAVN Corporation Board.

SeaHAVN Corporation presently operates as a holding company with one wholly
owned subsidiary - SeaHAVN Group Ltd. (Bahamas). Through SeaHAVN Group, Ltd.
(Bahamas) the company owns and operates the recently acquired assets and
operations of SeaHAVN (DE), Ltd. and operating assets of SeaHAVN, Ltd. (BVI),
including 8 x 62 meter chartered operating Factory Fishing Freezer Trawlers, and
10 commercial fishing licenses within 200 mile North Atlantic Coastal Nation
Exclusive Fishing Zone with proven fishing grounds.

The company said that it has plans to form up to eight additional wholly owned
subsidiaries for the purpose of completing the acquisition of up to eight
additional 105 meter Factory Freezer Fishing Trawlers to add to its fleet.

The company's fishing license arrangements permit each vessel to harvest to the
vessel capacities throughout the year. Conservatively, this is approximately
25,000 or more metric tons per year per vessel of various fish species . "If
harvested to this conservative level of harvest, valued at today's market at an
approximate $500 per metric ton, ten fishing vessels utilizing the ten licenses
could generate approximately US$125,000,000 in annual gross revenues," said Mr.
Wexler. "In addition the company's licenses can be sub-leased until it completes
its 2005-2006 expansion plans."

Forward looking Statements in this document that are not historical fact and are
"forward-looking statements" as that term is defined in the Private Securities
Litigation Reform of 1995. Forward-looking statements are not guarantees of
future performance. Our forward-looking statements are based on trends that we
anticipate in our industry and our good faith estimate of the effect on these
trends of such factors as industry capacity, product demand, and product
pricing. These statements are also subject to risks and uncertainties beyond our
reasonable control that could cause our actual business and results of
operations to differ materially from those reflected in our forward-looking
statements. These risks are described in the Company's recent Form 8-K/A
together with its recent Annual Report and Quarterly Report on Form 10-K and
10-QSB.

SOURCE: SeaHAVN Corporation



CONTACT: SeaHAVN Corporation
James A. Wexler, 425-990-4001
[e-mail]
www.seahavn.net


Copyright Business Wire 2005

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KEYWORD: United States
Bahamas
North America
Caribbean
Washington
INDUSTRY KEYWORD: Transport
Maritime
Natural Resources
Agriculture
Retail
Food/Beverage
SUBJECT CODE: Merger/Acquisition

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