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Sackets Harbor Brewing Company Participates in “Endless Summer” Benefit

September 29, 2008

Seaway Valley Capital Corporation (OTC Bulletin Board: SWYV) is pleased to announce that its wholly owned subsidiary, Sackets Harbor Brewing Company (www.1812ale.com/beer.html), was a participating sponsor in Endless Summer, a fundraising benefit for the Cystic Fibrosis Foundation of Tampa, FL (http://tampa.cff.org) held on September 26, 2008 at the Tampa Yacht and Country Club. The event, which was hosted by Rick and Gabrielle Patterson, annually raises thousand of dollars for cystic fibrosis research, care and education. Other participating sponsors included the Chipper Jones Family Foundation, Greenberg Traurig, Solvay Pharmaceuticals, Wine Warehouse, Lindell Properties, Neiman Marcus, Palm Restaurant, and the Tampa Bay Buccaneers among others.

Brian Hill of Sackets Harbor Brewing Company, stated, “Sackets Harbor Brewing Company was pleased to have participated in such a worthy fundraising event, and hopefully the addition of 1812 Amber Ale made the event enjoyable for craft beer participants. We look forward to continued support of the organization and, hopefully, helping advance the efforts for an eventual cure to this disease.”

About Seaway Valley Capital Corporation

Seaway Valley Capital Corporation (www.seawayvalleycapitalcorp.com) 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, consumer products, media, business services, manufacturing, and select technologies. Seaway Valley’s current portfolio consists of the following platform companies:

About Sackets Harbor Brewing Company

Sackets Harbor Brewing Company (“SHBC”) (www.1812ale.com/beer.html) develops, produces, and markets premium craft beers such as its award winning “War of 1812 Amber Ale” and “Railroad Red Ale” as well as “Thousand Island Pale Ale”, “War of 1812 Amber Ale Light” and “Harbor Wheat” specialty beers. Its “1812 Amber Ale” is the company’s flagship brand and was the winner of a Silver Award at the 1998 World Beer Championship and has been aggressively marketed to command a significant retail presence in the regional market place. The company has also developed complementary products such Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer.

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.




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