WATERTOWN, N.Y., Jan. 11, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Seaway Valley Capital Corporation. (OTC PINKSHEETS:SEVA):
Management at Seaway Valley Capital Corporation has been developing and strengthening the Company's current holdings' respective positions in the food and beverages and industry. The brands acquired have been preserved, freed from vast legacy liabilities and have now begun a trajectory of growth once again.
The original Sackets Harbor Brewing Company beers, such as Thousand Islands Pale Ale and War of 1812 Amber Ale, have been strengthened and are growing once again. Additional beers such as Third Rail Baltic Porter, Malicious Intent Double IPA and Railroad Red are being positioned for scale production and bottling for broader release. And finally, the company is actively pursuing the acquisition of an existing large-scale production brewery. Back-up consideration will also be made to construction of a "green field" facility adjacent to its 13,000 square-foot Watertown, NY-based baking facility.
Alteri Bakery is also in the process of developing a new line of healthy dessert and snack products that will be announced in the late Spring or early Summer. Test runs on initial product lines are slated to begin in February.
"We know we have been quiet for some time," says SEVA CEO Tom Scozzafava. "But we want to assure our shareholders that in addition to rolling out new product lines, we are working hard to build out our product lines in both the beer and food industries, and that we intend to update you with information on some of these exciting new products and plans, once our test runs have completed."
About Seaway Valley Capital Corporation:
Seaway Valley Capital Corporation is a venture capital and investment company. Seaway Valley focuses on equity and equity-related investments in companies that require expansion capital and in companies pursuing acquisition strategies. Returns are intended to be in the form of the eventual share appreciation and dispossession of those equity stakes and income from loans made to businesses.