Seaway WKN: A0PHP3 Nach dem split

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)

All of the securities delivered at closing were placed in escrow. The Escrow Agreement provides that if ALRN satisfies its obligations under the notes issued to its majority shareholders, then the escrow agent will deliver the securities as described above. If, however, there is a default under the promissory notes, then all of the assets described above will be returned to their owners prior to the closing, except that none of the funds contributed by SVCC will be reimbursed to it.





Item 9.01 Financial Statements and Exhibits
Exhibits
10-a Agreement for the Exchange of Securities By and Among The Americas Learning Centers, Inc. and Majority Shareholders of Americas Learning Centers, Inc. and Seaway Valley Capital Corporation and Patrick Hackett Hardware Company dated December 17, 2008.

10-b Form of Promissory Note issued to the Majority Shareholders of The Americas Learning Centers, Inc. by The Americas Learning Centers, Inc. and guaranteed by Seaway Valley Capital Corp. on December 18, 2008.

Alle der Wertpapiere, die bei Abschluss wurden in Escrow. Die Escrow-Abkommen sieht vor, dass, wenn ALRN erfüllt ihre Verpflichtungen aus den Noten, die auf seine Mehrheit Aktionäre, dann den Treuhänder wird die Wertpapiere wie oben beschrieben. Wenn jedoch, es ist ein Standard im Rahmen der Solawechsel, dann werden alle der oben beschriebenen Vermögenswerte werden wieder von ihren Besitzern vor der Schließung, es sei denn, dass keines der Mittel von den SVCC werden erstattet werden.





Posten 9/01 Jahresabschluss und Exponate
Exponate
10-a Vereinbarung über den Austausch von Wertpapieren durch und zwischen den Nord-und Südamerika Learning Center, Inc. und Mehrheit der Aktionäre von Amerika Learning Center, Inc. und Seaway Valley Capital Corporation und Patrick Hackett Hardware-Firma vom 17. Dezember 2008.

10-b Form von Schuldscheindarlehen Hinweis an die Mehrheit der Aktionäre der Nord-und Südamerika Learning Center, Inc. von The Americas Learning Center, Inc. und garantiert durch Seaway Valley Capital Corp am 18. Dezember 2008.