Seaway Valley Capital Corporation Shareholder Update
January 11 2018 - 9:00AM
InvestorsHub NewsWire
Seaway Valley Capital Corporation Shareholder
Update
Watertown, NY
-- January 11, 2018 -- Seaway Valley Capital Corporation. (OTC
PINKSHEETS:
SEVA):
Management at
Seaway Valley Capital Corporation has been developing and
strengthening the Company's current holdings' respective positions
in the food and beverages and industry. The brands acquired have
been preserved, freed from vast legacy liabilities and have now
begun a trajectory of growth once again.
The original
Sackets Harbor Brewing Company beers, such as Thousand
Islands Pale Ale and War of 1812
Amber Ale,
have been strengthened and are growing once again. Additional beers
such as Third Rail Baltic Porter, Malicious Intent
Double IPA and Railroad
Red are
being positioned for scale production and bottling for broader
release. And finally, the company is actively pursuing the
acquisition of an existing large-scale production brewery. Back-up
consideration will also be made to construction of a "green field"
facility adjacent to its 13,000 square-foot Watertown, NY-based
baking facility.
Alteri Bakery
is also in the process of developing a new line of healthy dessert
and snack products that will be announced in the late Spring or
early Summer. Test runs on initial product lines are slated to
begin in February.
"We know we
have been quiet for some time," says SEVA CEO Tom Scozzafava. "But
we want to assure our shareholders that in addition to rolling out
new product lines, we are working hard to build out our product
lines in both the beer and food industries, and that we intend to
update you with information on some of these exciting new products
and plans, once our test runs have completed."
About Seaway
Valley Capital Corporation:
Seaway Valley
Capital Corporation is a venture capital and investment company.
Seaway Valley focuses on equity and equity-related investments in
companies that require expansion capital and in companies pursuing
acquisition strategies. Returns are intended to be in the form of
the eventual share appreciation and dispossession of those equity
stakes and income from loans made to businesses.
Safe Harbor:
This release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 27E of the
Securities Act of 1934. Statements contained in this release that
are not historical facts may be deemed to be forward-looking
statements. Investors are cautioned that forward-looking statements
are inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein
due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approval for
anticipated actions.
Contact:
contact@seawaycapital.com