October 10, 2008
Seaway Valley Capital Retains Hospitality Industry Expert
Seaway Valley Capital Corporation (OTC Bulletin Board: SWYV) ("Seaway Valley") (www.seawayvalleycapitalcorp.com) chairman and chief executive officer, Thomas W. Scozzafava, announced today that Seaway Valley has retained Brian Hill to advise the company on the operations of its restaurant, lodging, and brewing holdings. "We are pleased to have been able to bring Mr. Hill in to help execute the Company's hospitality growth strategy," Mr. Scozzafava stated. He continued, "The fact that he has previously been selected by his peers to serve as Chairman of the Board of the Florida Restaurant and Lodging Association is validation that Mr. Hill is highly regarded by his peers. We welcome him to Seaway."
Mr. Hill stated, "I am pleased to be able to work with Seaway Restaurant Group and Sackets Harbor Brewing Company, as I feel they have tremendous potential for success. The restaurant concepts and the retail brands already have earned a great regional following, and what makes this exciting is the national growth potential." Mr. Hill continued, "For example, 1812 Amber Ale received rave reviews at the National Restaurant Association Trade show in Chicago this past May. The NRA show is the largest hospitality show in the nation, and for 1812 Amber Ale to earn a top spot in that show indicates its great promise."
Seaway Restaurant Group ("SRG") is comprised of a dynamic and developing roster of upscale casual- and fine-dining restaurants, including Good Fello's Brick Oven Pizza and Wine Bar, the Sackets Harbor Brew Pub, and the 1812 Stationhouse. Each of the SRG restaurants is unique and memorable, which allows our guests to visit any among them multiple nights during the week to discover something new and exciting upon each visit. The common thread uniting all SRG restaurants is an emphasis on excellent food, superior service, and genuine value. SRG has been fortunate to receive acknowledgements for its restaurants from both customers and within the industry.
Sackets Harbor Brewing Company ("SHBC") 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 as 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.