Seaway Valley Capital Corporation CEO Thomas Scozzafava Outlines Expansion Strategies Date : 06/01/2009 @ 5:00AM Source : PR Newswire Stock : (SWVL) Quote : 0.03 0.0 (0.00%) @ 7:16AM
GOUVERNEUR, N.Y., June 1 /PRNewswire-FirstCall/ -- Seaway Valley Capital Corporation (OTC:SWVL) (BULLETIN BOARD: SWVL) , a diversified holding company, today said that Founder and CEO Thomas Scozzafava, in an interview with analyst Francis Gaskins, stressed that the Company is looking to expand its portfolio of companies beyond northern New York.
"We are looking for a diversified portfolio of investments. The traditional capital markets ignore smaller communities where, we are confident, there is much positive entrepreneurial activity. We are working to grow Seaway Valley into a brand with a series of success stories. We are also looking to grow our portfolio, with perhaps energy and technology companies in the near term, to improve our return to shareholders," Mr. Scozzafava said.
The complete interview is available at : http://www.stoxrox.com/swvl-b.mp3 The interview includes an explanation of how Mr. Scozzafava is developing a publicly traded incubator for the benefit of shareholders. It also details his strong merchant banking background.
Patrick Hackett Hardware Company (http://www.hackettsonline.com/), one of nation's oldest retailers, wholly owned by Seaway Valley, is looking to expand outside northern New York, the Company's CEO said. Its wholly owned brewing company, Sackets Harbor Brewing Company (http://www.1812ale.com/), is also looking to expand its 3,000 retail accounts within and beyond Florida and New York, Mr. Scozzafava said. Additionally, Seaway Valley is also working to expand the operations of Alteri Bakery, Inc. (http://www.alteribakery.com/), also wholly owned, with additional capital expenditures to serve a broader region and do so more profitably.
Seaway Valley Capital Corporation (http://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. |