Hackett’s to Open New Store in Sackets Harbor
Mid-June date targeted for opening of Hackett’s tenth location
OGDENSBURG, N.Y.--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) today announced that its wholly owned subsidiary, Patrick Hackett Hardware Company (“Hackett’s”), will be opening a new location in Sackets Harbor, NY with a targeted opening date scheduled for mid-June 2008. The company’s tenth store will be located at the site of the former Harbormaster and Smokehouse restaurants on West Main Street and will carry an assortment of clothing, footwear, gift, and select specialty food and beverages.
“After the merger with North Country Hospitality we began exploring the possibility of a smaller, boutique Hackett’s for the village of Sackets Harbor,” stated Norm Garrelts, President of Hackett’s. Mr. Garrelts added, “Although we certainly anticipate some seasonality that is commonly associated with Sackets Harbor, we also felt that there was perhaps more year-round retail potential there than people may appreciate. Sackets has become a regional destination spot based on its charm and fine restaurants, and Hackett’s hopes to offer a pleasant retail addition to complement all of what the village already has to offer.” Hackett’s carries brand name clothing such as The North Face, Columbia, Royal Robbins, Patagonia, Horny Toad, Woolrich, Fresh Produce, and Life is Good, as well as footwear with brands such as Teva, Merrill, Reef, Born, Dansko, Crocs, Keene, Columbia, Skechers, and Doc Martens.. Hackett’s also carries a variety gift lines from companies such as Vera Bradley, Yankee Candle, Beanpod, Crabtree & Evelyn, Tag, and Demdaco, The specialty food lines will include Stonewall Kitchens, Southwest Specialty Foods, Republic of Tea and many other North Country favorites.
Sackets Harbor, NY (www.sacketsharborny.com) is sheltered on the Black River Bay and overlooks Lake Ontario. The village is one of New York State’s Heritage Areas with exceptional historic attractions and beautifully tree-lined streets, and the town provides an opportunity to discover a unique history, charming architecture, and a variety of activities. Sackets Harbor is a year-round, full service community that includes an award winning school system, libraries, police and emergency services, churches, and a growing list of fine restaurants and shops.
About Patrick Hackett Hardware Company
Hackett’s (www.hackettsonline.com), one of the nation’s oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hackett’s, now with ten locations, features brand name clothing for men, women, and children, and a large selection of brand name athletic, casual, and work footwear. Hackett’s also carries domestics, home décor, gifts, seasonal merchandise and sporting goods. Hackett’s full service True Value hardware department features traditional hardware, tool, plumbing, paint and electrical departments. Hackett’s also owns and operates four RadioShack stores and at certain stores leases space to Payless ShoeSource.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation 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, media, business services, manufacturing, and select technologies.
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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