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Seaway Valley Capital Corporation Inc. (SWVC)

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FORMERLY GSCR (GS CARBON CORP) NOW A SHELL COMPANY FOR WISEBUYS AND HACKETTS HUGE EASTER RETAILERS. BRAND NEW COMPANY.

1 Company Analysis
2 News Feed
3 Leadership
4 Risks
5 Message Boards
6 Research Links
7 Notes

Today

Max

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Company Analysis

DO NOT LOOK AT PAST FILLINGS BECAUSE THEY ARENT FOR THE SAME COMPANY!!

The edit window has shortcut and help links if you need them.^[1] About Hackett's:

Hackett's is one of the oldest retail establishments in New York State and the Nation. Its origins date back to 1830 when it was a ships chandlery, wholesale supplier and a traditional hardware store. During its evolution, it would also become a supplier of railroad equipment, builders and contractors' supplies, plumbing supplies, steam fitting, tinsmithing, and a large foundry manufacturing many lines of metal plumbing items that you still find in existence today. Over the years, the company has adapted to changing market conditions and evolved into a full line department store focused on premium clothing, footwear, and gift items and today consists of five (5) locations: (i) Ogdensburg, NY (55,000 sq. ft.) - full line department store

     also featuring a coffee shop serving breakfast and lunch gourmet
     specialties called North Water Street Coffee Company;

(ii) Potsdam, NY (41,000 sq. ft.) - a recently-opened (2004) full

     line department store;

(iii) Watertown, NY (56,000 sq. ft.) - newly-opened (4th Qtr '06) full

     line department store;

(iv) Massena, NY (12,700 sq. ft) - Hackett's only mall location

     opened in late 1999 with a focused selection of premium
     clothing, footwear, and gifts;

(v) Canton, NY - a full line footwear department, apparel for men

     and women, and a sporting goods department; (this would be
     closed and the building sold or leased and operations moved to
     WiseBuys.)

About WiseBuys:

WiseBuys Stores, Inc. ("WiseBuys") was formed and began operations in 2003 as a direct result of the closing of small-town retail staple, Ames Department Stores. Founded primarily by lifelong "north country" residents, WiseBuys initially focused its efforts on serving the "discount" retail needs of mostly rural communities throughout northern and central New York.

WiseBuys' strategy included an innovative approach whereby it partnered with established and successful specialty discounters to create a "mall without the walls" concept. This innovative approach made easier to expand rapidly (five stores in thirteen months) because less capital was required for inventory, and partnering with niche players made immediately competitive across certain product lines. That is, although WiseBuys has only five stores, its pricing reflected the established purchasing power of Payless, KB Toys, etc. And from the customers' perspective, WiseBuys had created a full line department store virtually over night. The concept was embraced by large, well-established retailers and was heralded in the industry. The following in-store retail partnerships with both national and regional chains were established: Payless ShoeSource, Inc. - "store-within-a-store" deal across chain KB Toys Inc. - exclusive license agreement "KB Toys at WiseBuys" branded department RadioShack - franchise acquisitions Card$mart, Inc. - franchise acquisitions Home Fashion Distributor, Inc. - consignment inventory deal for domestics Masters, Inc. - leased department deal for apparel (consignment inventory) Massey's Furniture Barn, Inc. - consignment inventory deal for furniture & mattresses

In addition, WiseBuys won such awards as the "New York State Small Business Development Center Excellence Award" (April '04) and the "Oswego County Job Creation Award" (June '04). WiseBuys current stores include the following: (i) Canton, NY (40,000 sq. ft.) - full line department store; (ii) Gouverneur, NY (53,000 sq. ft.) - full line department store; (iii) Hamilton, NY (43,000 sq. ft.) - full line department store; (iv) Pulaski, NY (59,000 sq. ft) - full line department store; and (v) Tupper Lake, NY (34,000 sq. ft.) - full line department store.

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News Feed

09/23/08 7:09 am	Seaway Valley Capital Corporation Announces New Stock Symbol, SWYV (Business Wire)
09/11/08 9:09 am	SEAWAY VALLEY CAPITAL CORP Financials (EDGAR Online Financials)

More News...

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