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Hackett's Opens Tenth Location in Sackets Harbor

Mon. August 04, 2008; Posted: 10:25 AM
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OGDENSBURG, N.Y., Aug 04, 2008 (BUSINESS WIRE) -- SWVC | Quote | Chart | News | PowerRating -- Seaway Valley Capital Corporation (OTCBB: SWVC | Quote | Chart | News | PowerRating) today is pleased to report that on Saturday, August 2nd Hackett's opened its newest store in Sackets Harbor, NY. The official Grand Opening, which includes door prizes and other special promotions, is scheduled for Wednesday, August 6th and will continue through the weekend.

Norm Garrelts, President of Hackett's (www.hackettsonline.com), stated, "We were very pleased with the opening of the new location, and we received positive feedback from the customers that visited the store." Mr. Garrelts added, "We would like to thank the Village Planning Board and the people of Sackets Harbor for such a warm reception, and we look forward to the Grand Opening this week!"

About Patrick Hackett Hardware Company

Hackett's, one of the nation's oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hackett's, now with ten locations, features brand name clothing for men, women, and children, and a large selection of brand name athletic, casual, and work footwear. Hackett's also carries domestics, home decor, gifts, seasonal merchandise and sporting goods. Hackett's full service True Value hardware department features traditional hardware, tools, plumbing, paint and electrical departments. Hackett's also owns and operates four RadioShack stores and at certain stores leases space to Payless ShoeSource.

About Seaway Valley Capital Corporation

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.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

SOURCE: Seaway Valley Capital Corporation

Seaway Valley Capital Corporation Email: contact@seawaycapital.com Web: www.seawaycapital.com or Investor Relations: CEOcast, Inc. Gary Nash, 212-732-4300

For full details for SWVC click here.

    


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