Stocks Reporter Sep Pick *SWVC* P-2

WiseBuys Stores, Inc. Executes Agreement to Acquire Hacketts
Friday July 20, 9:38 am ET
WiseBuys agrees to acquire one of nation’s oldest retailers; the combined company will operate stores as “Hacketts”

NEW YORK--(BUSINESS WIRE)--WiseBuys Stores, Inc. ("WiseBuys") announced today that it has executed an agreement with its owners to acquire 100% of the stock of Patrick Hackett Hardware Company ("Hacketts"). Hacketts, which is one of the nation’s oldest retailers, currently has stores in New York State in the villages of Canton, Ogdensburg, Massena, Potsdam, and Watertown. WiseBuys current locations include Canton, Gouverneur, Hamilton, Pulaski, and Tupper Lake - all also in New York State.

“We are pleased to announce this agreement to acquire Hacketts,” stated Thomas Scozzafava, a co-founder of WiseBuys and current CFO. “WiseBuys and Hacketts combining into one entity is strategic for a number of reasons, including the sharing of managerial resources, increasing purchasing power, leveraging current advertising spending, and diversifying the combined company’s merchandise mix. We anticipate taking the best from both companies and combining those qualities under one roof under the store brand ‘Hacketts’,” Mr. Scozzafava added.

The acquisition, which calls for a $1.5 million payment at closing and additional payments of $4.5 million over eight years, includes management agreements for the retention of the founding family members as well as Hacketts current CEO.

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.)

Hackett’s has an outstanding reputation within the industry as a customer service-focused organization selling premium products at a fair price - both of which differentiate it from “discount” big box retailers.

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.

The acquisition of Hacketts by WiseBuys is subject to financing arrangements by WiseBuys. Recently, GS Carbon announced an agreement to acquire about 60% of the voting stock of WiseBuys Stores, Inc., and is seeking to acquire additional shares of WiseBuys. Both WiseBuys and Hacketts will be subject to completed audited financials. WiseBuys recently engaged Syracuse-based accounting firm Dannible & McKee, LLP (http://www.dmcpas.com) to complete these audits.

GS Carbon (OTCBB: GSCR - News), which was acquired by Seaway Capital, is seeking additional debt and equity investments in retail, restaurants, media, business services, manufacturing, and technology companies.

Stocks Reporter.com has received no compensation in the form of cash or securities for coverage and has no position of SWVC shares.

Report Page 2

SWVC Forum

Stocks Reporter September Pick *SWVC*

About Seaway Capital, Inc.
Seaway Capital, Inc., which was formed in 2002 as “Seaway Capital Partners, LLC”, makes equity and equity-related investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway Capital also seeks investments in leveraged buyouts and restructurings and will consider investment opportunities in a number of different industries, including retail, restaurants, media, business services, and manufacturing. Seaway Capital will also consider select technology investments.

Locations:

WiseBuys of Gouverneur
471 E Main St.
Gouverneur, NY 13642
315.287.0711
WiseBuys of Canton
WiseBuys Plaza
5533 US Highway 11
Canton, NY 13617
315.379.0456

WiseBuys of Tupper Lake
94 Demars Blvd.
Tupper Lake, NY 12986
518.359.9712

WiseBuys of Pulaski
3779 State Route 13
Pulaski, NY 13142
315.298.3935

WiseBuys of Hamilton
108 Utica St.
State Route 12B
Hamilton, NY 13346
315.824.2404

Partners:

Payless ShoeSource, Inc., together with its subsidiaries, operates as a specialty family footwear retailer in the western Hemisphere. Its stores offer athletic, casual, and dress shoes; sandals; work and fashion boots; slippers; and accessories, such as handbags and hosiery for women, men, and children. The company also wholesale footwear. In addition, it operates a shoe dyeing facility. Payless ShoeSource operates its stores in various real estate formats, including shopping malls, central business districts, free-standing buildings, strip centers, and leased departments within other retailers.

K·B Toys (previously known as Kay Bee Toys) is a chain of mall-based retail toy stores in the United States. It was founded in 1922 by the Kaufman brothers. It currently operates 605 stores in 44 U.S. states, Puerto Rico as well as Guam. K·B Toys operates three distinct store formats: K·B Toys, K·B Toy Works, and K·B Toy Outlets (aka Toy Liquidators). It is privately held in Pittsfield, Massachusetts.

RadioShack Corporation is a leading retailer of consumer electronic goods and services, through its RadioShack store chain and non-RadioShack branded kiosk operations in the United States. Its products include wireless telephones and communication devices, such as scanners and two-way radios; flat panel televisions, residential telephones, DVD players, computers, and direct-to-home (DTH) satellite systems; home entertainment, wireless, imaging, and computer accessories; general and special purpose batteries; wire, cable, and connectivity products; and digital cameras, radio-controlled cars and other toys, satellite radios, and memory players. The company also provides consumers access to third-party services, such as wireless telephone and DTH satellite activation, satellite radio service, prepaid wireless airtime, and extended service plans. It also manufactures various products, including telephony, antennas, wire, and cable products, as well as hard-to-find parts and accessories for consumer electronics products. As of December 31, 2006, the company operated 4,467 RadioShack company-operated stores located in the United States, as well as in Puerto Rico and the U.S. Virgin Islands; 772 kiosks located in the United States; 7 RadioShack service centers in the United States and 1 in Puerto Rico; and a network of 1,587 RadioShack dealer outlets. RadioShack was founded in 1899 and is headquartered in Fort Worth, Texas.

http://www.seawaycapital.com/

Seaway Capital, Inc. ("SCI") was formed in 2002 and makes equity and equity-related investments in companies that require expansion capital and in companies pursuing acquisition strategies. SCI also seeks investments in leveraged buyouts and restructurings. To date, SCI’s management has invested in over thirty (30) growth and acquisition transactions.

* mid- to late-stage growth capital opportunities
management / leverage buyout financing opportunities
*an established product or service
*a strong management team
*an independent Board
*a competitive advantage in a defined or developing market
*a majority of operations in North America
*a realistic business and financial plan that provides for investor liquidity within two to five years.

Seaway’s plans for the remaining GS Carbon public shell include the acquisition of Seaway’s majority stake in a retail big box chain and the financing and acquisition of other targeted retail chains with an aggregate of more than $30 million in sales. Notably, Seaway has already received term sheets for the financing necessary to support its acquisition plans.

Stocks Reporter.com has received no compensation in the form of cash or securities for coverage and has no position of SWVC shares.

Report Page 2

SWVC Forum

Biomerica Announces Record Year

Thursday August 30, 8:19 am ET

Diagnostic Sales up Over 34%; Diagnostic Income up Over 133%

NEWPORT BEACH, CA--(MARKET WIRE)--Aug 30, 2007—Biomerica, Inc. (OTC BB:BMRA.OB - News), a global provider of advanced diagnostic products for the early detection of medical conditions, today reported stand-alone results of diagnostic net sales of $5,748,319 for the fiscal year 2007 ended May 31, 2007, compared to stand-alone results of diagnostic net sales of $4,259,954 in fiscal 2006, an increase of $1,488,365 or 34.9%.
ADVERTISEMENT

Biomerica announced consolidated net income (including stock option expenses) for the fiscal year 2007 ended May 31, 2007, of $536,879, versus consolidated net income of $230,273 in fiscal 2006, an increase of 133.1%. Consolidated basic earnings per common share were $.09 for fiscal 2007 as compared to $.04 for fiscal 2006. Consolidated basic earnings per common share for continuing operations were $.09 for fiscal 2007 as compared to $.03 for fiscal 2006. Prior to recording the expense of $100,000 for employee bonuses according to the Biomerica Incentive Plan, consolidated net income was $636,879. Prior to recording employee stock option expenses of $123,584 and the above incentive plan, consolidated net income was $760,463.

Stand-alone income from diagnostic operations before interest in net loss or income of consolidated subsidiaries and income taxes was $525,779 in fiscal 2007 as compared to $222,041 in fiscal 2006. This represents an increase of $303,738, or 136.8%.

“We are pleased with the continuing progress in our financial performance in both sales and especially income,” stated Zackary Irani, Biomerica CEO. “This was the first year that the Company adopted the expensing of employee stock options (SFAS #123R) yet we were still able to achieve financial results above our plan. As we expand our marketing efforts to increase distribution and move forward with planned new product introductions, we expect that fiscal 2008 will continue to show improvements in our performance.”

About Biomerica (OTC BB:BMRA.OB - News)

Biomerica, Inc. (http://www.biomerica.com) is a global medical technology company, based in Newport Beach, CA. The Company manufactures and markets advanced diagnostic products used at home, in hospitals, and in physicians’ offices for the early detection of medical conditions and diseases.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Biomerica) contains statements that are forward-looking; such as statements relating to intended launch dates, expected improvements in performance, planned product introductions, sales potential, market size, growth of business, favorable positions, expansion, expected orders, leading market positions, anticipated future revenues or production volume of the Company, success of product and new product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Biomerica. The potential risks and uncertainties include, among others, fluctuations in the Company’s operating results due to its business model and expansion plans, downturns in international and or national economies, the Company’s ability to raise additional capital, the competitive environment in which the Company will be competing, and the Company’s dependence on strategic relationships. The Company is under no obligation to update any forward-looking statements after the date of this release.

The following financial statements reflect the operating results of Biomerica as reported in the Company’s Form 10-KSB filed on August 29, 2007. The full financial statements and management’s discussion and analysis are available in the above mentioned Form 10-KSB.

The deconsolidation of Lancer Orthodontics from Biomerica occurred December 1, 2005. Therefore, the year ended May 31, 2007 includes ONLY the results of operations for Biomerica. The year ended May 31, 2006 includes operations of Biomerica for the full year and only six months of Lancer Orthodontics.

BIOMERICA, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

YEARS ENDED MAY 31,
-------------------------------
2007 2006
-------------- --------------
Net Sales $ 5,748,319 $ 7,184,992
Cost of sales 3,502,607 4,779,615
-------------- --------------

GROSS PROFIT 2,245,712 2,405,377
-------------- --------------

OPERATING EXPENSES
Selling, general and administrative 1,468,821 2,263,463
Research and development 256,101 239,004
-------------- --------------

Total operating expenses 1,724,922 2,502,467
-------------- --------------

OPERATING INCOME (LOSS) FROM
CONTINUING OPERATIONS 520,790 (97,090)

OTHER INCOME (EXPENSE)
Interest expense, net of interest income (35,051) (44,790)
Other income, net 40,040 45,575
-------------- --------------

INCOME (LOSS) FROM CONTINUING OPERATIONS,
before minority interest in net loss of
consolidated subsidiary and income taxes 525,779 (96,305)

MINORITY INTEREST IN NET LOSS OF
CONSOLIDATED SUBSIDIARY — 251,670
-------------- --------------

INCOME FROM CONTINUING OPERATIONS, before
income taxes 525,779 155,365

INCOME TAX EXPENSE 16,769 1,600
-------------- --------------

INCOME FROM CONTINUING OPERATIONS 509,010 153,765

DISCONTINUED OPERATIONS
Income from discontinued operations, net 27,869 76,508
-------------- --------------

NET INCOME 536,879 230,273

OTHER COMPREHENSIVE LOSS, net of tax
Unrealized loss on available-for-sale
securities (2,746) (227,497)
-------------- --------------

COMPREHENSIVE INCOME $ 534,133 $ 2,776
============== ==============

BASIC NET INCOME PER COMMON SHARE:
Income from continuing operations $ .09 $ .03
Income from discontinued operations .00 .01
-------------- --------------

Basic net income per common share $ .09 $ .04
-------------- --------------

DILUTED NET INCOME PER COMMON SHARE:
Income from continuing operations $ .08 $ .02
Income from discontinued operations .00 .01
-------------- --------------

Diluted net income per common share $ .08 $ .03
============== ==============

WEIGHTED AVERAGE NUMBER OF COMMON AND
COMMON EQUIVALENT SHARES
Basic 5,929,445 5,759,082
============== ==============

Diluted 6,513,477 6,220,335
============== ==============

Pro Forma Statement of Operations by Company for the year ended
May 31, 2006

Intercompany Pro-forma Biomerica
Actual Eliminations adjustments Stand-alone
------------ ------------ ------------ ------------

Net sales $ 7,184,992 $(2,925,038) $ 4,259,954
Cost of sales 4,779,615 $ 15,780(1) (2,190,495) 2,604,900
------------ ------------ ------------ ------------

Gross profit 2,405,377 $ (15,780) (734,543) 1,655,054
------------ ------------ ------------ ------------

Operating expenses:
Selling, general
and admin 2,263,463 (1,029,059) 1,234,404
Research and
development 239,004 (42,470) 196,534
------------ ------------ ------------ ------------

Total operating
expenses 2,502,467 (1,071,529) 1,430,938
------------ ------------ ------------ ------------

Operating income
(loss) (97,090) (15,780) 336,986 224,116

Other (income) expense
Interest expense 44,790 (14,456) 30,334
Other expense (income) (45,575) (15,780)(2) 33,096 (28,259)
------------ ------------ ------------ ------------
(785) (15,780)(2) 18,640 2,075

Income (loss) from
operations before
interest in net
income (loss) of
consolidated
subsidiary and
income taxes (96,305) 318,346 222,041

Minority interest in
net loss (income)
of Lancer 251,670 (319,146)(3) — --
67,476 (4)
------------ ------------ ------------ ------------

Income (loss) from
operations before
income taxes 155,365 (251,670) 318,346 222,041

Income tax expense 1,600 (800) 800
------------ ------------ ------------ ------------

Discontinued operation (76,508) (76,508)
------------ ------------ ------------ ------------

Net income (loss) $ 230,273 $ (251,670) $ 319,146 $ 297,749
============ ============ ============ ============

(1) To record the charge for rent by Lancer at the manufacturing facility
in Mexico, which was eliminated in consolidation.
(2) To record the income from Biomerica received by Lancer for rent at
the Mexico facility, which was eliminated in consolidation.
(3) To de-consolidate Lancer’s loss.
(4) Elimination of Biomerica’s portion of Lancer’s operations as if the
termination of the voting agreement occurred May 31, 2005.

Contact:
Contact:
Zackary Irani
949-645-2111

--------------------------------------------------------------------------------
Source: Biomerica

MBRA Forum