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Friday, October 26, 2007
Friday, October 26 2007 9:14 AM, EST
WiseBuys Looks towards Hacketts Acquisition
Business Wire “US Press Releases “
NEW YORK--(BUSINESS WIRE)--
Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC) ("Seaway Valley") chairman and chief executive officer, Thomas W. Scozzafava, issued the following update to its shareholders today:
Dear Shareholders:
Now that Seaway Valley has successfully merged with WiseBuys Stores, Inc. ("WiseBuys"), WiseBuys management can now focus on the completion of its acquisition of Patrick Hackett Hardware Company ("Hacketts"), which is crucial to the immediate growth prospects of the company.
To this end, we are pleased to announce that WiseBuys has generated cash flows internally from the sale of non-core assets that would be sufficient to acquire Hacketts. Although there are other contingencies in the acquisition agreement, the September 18, 2007 Amendment between WiseBuys and Hacketts called for minimum payments of approximately $2.0 million to both repay certain debts and be remitted to selling shareholders at closing. WiseBuys has these funds secured, and we will work to address the other contingencies set forth in the Amendment. We hope to close the transaction by November or early December 2007.
I am pleased to be able to update you on these events, and I shall continue to update you with further developments.
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. 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, and manufacturing, and Seaway will also consider select technology investments.
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.
Source: WiseBuys
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Tuesday, October 16, 2007
NEW YORK, NY—(MARKET WIRE)—10/16/07—Simulated Environment Concepts Inc. (PINKSHEETS: FAVE) announced today that it will be joining its International Consultant, Kauderer International Partners , at the ValueRich Small-Cap Financial Expo in New York City on October 18, 2007 . The event will take place at the exclusive W New York Hotel at 541 Lexington Ave., with the Expo floor open from 9:00 AM to 5:00 PM .
Simulated Environment Concepts will be on hand with its consultants to meet one-on-one and network with the expected audience of hundreds of investment bankers, fund managers, institutional and accredited investors, research analysts, accountants and attorneys, as well as deliver a 20-minute presentation on the Company’s strategic goals. A Webcast of the presentation, hosted by Onstream Media, will be available for 180 days after the show at http://www.ivaluerich.com/expo.
“ Simulated Environment Concepts, Inc. has recently taken steps into the over-the-counter marketplace, and ValueRich will help us to continue this expansion,” said Managing Director Allen Licht. “We’re confident that SpaCapsule® will make a big impression on the professionals in attendance, and open new possibilities for our company and its investors.”
Unlike many small-cap conferences, the ValueRich Small-Cap Financial Expo is the only one of its kind to offer qualified buy-side Wall Street professionals free admission and unlimited access throughout the day to all company leadership. The agenda includes a full schedule of financial presentations, a three-course seated luncheon sponsored by The Kauderer Group with keynote speaker David N. Feldman, and an open bar cocktail reception with live entertainment, hors d’oeuvres and door prizes such as an Apple iPhone and premium label Toraño cigars.
To register or find out more about the Expo:
http://www.ivaluerich.com/expo
About Simulated Environment Concepts, Inc.
Simulated Environment Concepts Inc. strives to create innovative, high-quality simulated environment products for our customers. We are constantly conducting research to improve the experience of the SpaCapsule® product. SpaCapsule® can be found in many environments such as Corporate Lounges, Relaxation Centers, Gyms and Health Clubs, Doctor’s Offices, Hotels, Tanning and Beauty Salons/Spas, Luxury Accommodations, Gulf Clubs, Ski Lounges, Homes, and many other venues. SpaCapsule® was created to provide an amazing relaxation experience. SpaCapsule® was designed and tested by Doctors. It is in the forefront of mainstream healthcare alternatives. Our engineering, design, and customer service departments work in collaboration to seamlessly integrate cutting edge technology and relaxing elements into the best “SpaCapsule®” product ever designed. SpaCapsule® is the official sponsor of Worldwide Massage and Health Awareness Evolution(TM).
About Kauderer International Partners
Kauderer International Partners is a full-service international consulting firm that works in partnership with small-and-med-cap companies to ensure global distribution of product, creation of a sound business strategy, creation of long-term structured financial plans and assistance in implementing the Company business plan for long-term success. Its expertise goes across multiple industries and business segments. Kauderer International Partners is an Accredited Investor and not an NASD Member firm, nor an Investment Bank . If it assists clients in funding from its own source of capital, it will never integrate its Consultancy services nor recommend Marketing or awareness.
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
Contact:
Simulated Environment Concepts, Inc.
success@spacapsule.com
http://www.spacapsule.com
Press Contact
IR Complete, Inc.
919-468-4511
Monday, October 15, 2007
Simulated Environment Concepts Announces Shell Purchase
Monday October 15, 5:59 pm ET
MIAMI, FL--(MARKET WIRE)--Oct 15, 2007—Simulated Environment Concepts, Inc. today announced that the company has purchased a new public shell, 5th Avenue Channel Corp. (Other OTC:FAVE.PK - News). The shell’s acquisition was completed on October 3, 2007.
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A reorganization of the shell has been submitted to the NASD. The FAVE symbol will be used in references to Simulated Environment Concepts, Inc. until the reorganization is complete and a new symbol has been requested.
Simulated Environment Concepts, Inc. President and CEO Dr. Ella Frenkel said, “This new public shell represents part of the Company’s continuing expansion. This period of organization will ultimately prove beneficial for Simulated Environment Concepts and its shareholders.”
Managing Director Allen Licht added, “We anticipate that the purchase of this shell will assist Simulated Environment Concepts in reaching its corporate goals of increasing both shareholder value and visibility in the investor community.”
About Simulated Environment Concepts, Inc.
SEC Inc. strives to create innovative, high-quality simulated environment products for our customers. We are constantly conducting research to improve the experience of the SpaCapsule® product. SpaCapsule® can be found in many environments such as Corporate Lounges, Relaxation Centers, Gyms and Health Clubs, Doctor’s Offices, Hotels, Tanning and Beauty Salons/Spas, Luxury Accommodations, Gulf Clubs, Ski Lounges, Homes, and many other venues. SpaCapsule® was created to provide an amazing relaxation experience. SpaCapsule® was designed and tested by Doctors. It is in the forefront of mainstream healthcare alternatives. Our engineering, design, and customer service departments work in collaboration to seamlessly integrate cutting edge technology and relaxing elements into the best “SpaCapsule®” product ever designed. SpaCapsule® is the official sponsor of Worldwide Massage and Health Awareness Evolution(TM).
Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
Contact:
Contact:
Simulated Environment Concepts, Inc.
success@spacapsule.com
http://www.spacapsule.com
Press Contact
IR Complete, Inc.
919-468-4511
Source: 5th Avenue Channel Corp.
