SACKETS HARBOR, NY--(Marketwire - 08/11/10) - Harbor Brewing Company, Inc. (Pinksheets:HBWO - News), a holding of Seaway Valley Capital Corporation (Pinksheets:SEVA - News), announced it has begun the process and is taking the necessary steps to apply for listing as an over-the-counter bulletin board ("OTCBB") listing. The company expects to file an S1 Registration Statement with the Securities and Exchange Commission that will include audited financials for the years 2008, 2009 and the first quarter of 2010 ended March 31st. Harbor Brewing Company is the parent company of Sackets Harbor Brewing Company, Alteri's Bakery, Inc. and Seaway Realty Holdings.
Thomas Scozzafava, Chairman and President of Harbor Brewing Company stated, "We expect the company to become audited and fully reporting in the coming months, and we hope this level of disclosure and transparency improves the efficiency of the market for our publicly traded securities."
Mr. Scozzafava added, "Further, we hope that these efficiencies translate into more opportunities to attract growth capital for both our prospective brewery and our bakery expansion."
About Harbor Brewing Company, Inc.
Harbor Brewing Company, Inc. develops and acquires craft brewing companies and select craft beer labels. The company acquired Sackets Harbor Brewing Company ("SHBC") (www.1812ale.com) in August 2009. SHBC develops, produces, and markets micro brewed beers such as the award winning "War of 1812 Amber Ale" and "Thousand Island Pale Ale" as well as "Railroad Red Ale," "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 World Beer Championship. The company has also developed complementary products such as Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer.
About 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 includes Hackett's Stores, Inc. (Pinksheets:HCKI - News) and Harbor Brewing Company, Inc.
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Harbor Brewing Company, Inc.