Seaway WKN: A0PHP3 Nach dem split

  [ ] Transition Report on Form 11-K




  [ ] Transition Report on Form 10-Q and Form 10-QSB




  [ ] Transition Report on Form N-SAR




      For the transition period ended:    

                                         -------------




Nothing in this form shall be construed to imply that the Commission has

verified any information contained herein.





If the notification relates to a portion of the filing checked above, identify

the item(s) to which the notification relates:




                                 PART I




                         REGISTRANT INFORMATION







Full name of Registrant         SEAWAY VALLEY CAPITAL CORPORATION

                               -------------------------------------

                                 

Former name, if applicable    

                               -------------------------------------




              10-18 Park Street, 2 nd Floor, Gouverneur, NY   13642

              --------------------------------------------------

                     Address of principal executive office




                                 PART II




If the subject report could not be filed without unreasonable effort or

expense and the registrant seeks relief pursuant to Rule 12b-25(b), the





following should be completed. (Check box if appropriate)  [X]




 

 (a) The reasons described in reasonable detail in Part III of this form

could not be eliminated without unreasonable effort or expense;

 (b) The subject annual report, semi-annual report, transition report on

Form 10-K 10-KSB, 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof will

be filed on or before the 15th calendar day following the prescribed due date;

or the subject quarterly report or transition report on Form 10-Q, 10-QSB, or

portion thereof will be filed on or before the fifth calendar day following the

prescribed due date; and

 (c) The accountant's statement or other exhibit required by Rule 12b-25(c)

has been attached if applicable.





                                 PART III

                                NARRATIVE

 

Seaway Valley Capital is unable to file its Quarterly Report on Form 10-Q within the required time because there was a delay in completing the adjustments necessary to close its books for the quarter.





                                 PART IV

                            OTHER INFORMATION




(1) Name and telephone number of person to contact in regard to this notification:




                      Tom Scozzafava (315) 287-1122




(2) Have all other periodic reports required under Section 13 or 15(d) or the

Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of

1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed.  Yes [X]   No [ ]

                                                           

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion

thereof.                                                    Yes [ ]   No [X]

                                                             

If so, attach an explanation of the anticipated change, both narratively and

quantitatively, and, if appropriate, state the reasons why a reasonable

estimate of the results cannot be made.





SEAWAY VALLEY CAPITAL CORPORATION

              ----------------------------------------------

              Name of Registrant as Specified in its Charter




Has caused this notification to be signed on its behalf by the undersigned

thereunto duly authorized.





Date:  November 14, 2008             By: /s/ Tom Scozzafava

                                    Tom Scozzafava

                                    Chief Executive Officer            

www.finanznachrichten.de/...orporation-releases-update-004.htm

18.11.2008 16:07
Seaway Valley Capital Corporation Releases Update

Seaway Valley Capital Corporation (News) (OTC Bulletin Board: SWYV) (”Seaway Valley“) (www.seawayvalleycapitalcorp.com) chairman and chief executive officer, Thomas W. Scozzafava, issued the following update to its shareholders today:

Dear Shareholders:

Regardless of the recent turmoil in the broader financial markets, management of Seaway Valley simply does not feel that the current market capitalization and share price of the Company reflect either its underlying asset value or its current businesses and their respective prospects. With gross assets of approximately $35 million and shareholder equity of approximately $8 million, Seaway Valley's current market capitalization of $165,000 is not acceptable by management and, we are quite sure, by current shareholders.

To this end, management has begun intensive efforts to address this issue and has recently retained advisors to help it explore strategic alternatives to lift the Company's long term prospects. These alternatives could include seeking a long term institutional investor that could possibly provide the Company with significant fresh capital while also acquiring a large portion of the current convertible securities - some of which contain more dilution risk than others. If successful, this could provide enough capital to properly fund our core holdings for continued and strong organic growth. Additionally, such a financing could serve to ”clean up“ Seaway Valley's balance sheet and ultimately lessen dilution by bringing in an investor whose time horizon is perhaps measured in years.

In addition, management is working closely with many of the Company's preferred shareholders to explore ways of restructuring or, at the very least, limiting their dilutive impact. Most of the preferred shareholders are long term investors, and this is reflected by the fact that the vast majority of preferred shares remain currently outstanding. And although the dilution potential of the preferred stock actually decreases as Seaway's share price increases, the simple existence of the shares may be counterproductive to such a result.

Another and not necessarily mutually exclusive alternative may be to unlock the value of Seaway's holdings by positioning them into stand-alone public investment platforms. Management feels that Seaway's current market capitalization is certainly less than the sum of its parts. In fact, Hackett's, Sackets Harbor Brewing Company, Alteri Bakery and Seaway Restaurant Group would perhaps each individually be worth more than the entire current public market value of Seaway Valley.

Although management cannot be sure that any of the above strategies will be successfully transacted or, if done, done so at terms perceived as more favorable to the Company, we have currently begun down an exploratory path with swift and material value creation as our goal.

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.

November 18, 2008 10:00 AM Eastern Time  
Seaway Valley Capital Corporation Releases Update
GOUVERNEUR, N.Y.--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTC Bulletin Board: SWYV) (“Seaway Valley”) (www.seawayvalleycapitalcorp.com) chairman and chief executive officer, Thomas W. Scozzafava, issued the following update to its shareholders today:

Dear Shareholders:

Regardless of the recent turmoil in the broader financial markets, management of Seaway Valley simply does not feel that the current market capitalization and share price of the Company reflect either its underlying asset value or its current businesses and their respective prospects. With gross assets of approximately $35 million and shareholder equity of approximately $8 million, Seaway Valley’s current market capitalization of $165,000 is not acceptable by management and, we are quite sure, by current shareholders.

To this end, management has begun intensive efforts to address this issue and has recently retained advisors to help it explore strategic alternatives to lift the Company’s long term prospects. These alternatives could include seeking a long term institutional investor that could possibly provide the Company with significant fresh capital while also acquiring a large portion of the current convertible securities – some of which contain more dilution risk than others. If successful, this could provide enough capital to properly fund our core holdings for continued and strong organic growth. Additionally, such a financing could serve to “clean up” Seaway Valley’s balance sheet and ultimately lessen dilution by bringing in an investor whose time horizon is perhaps measured in years.

In addition, management is working closely with many of the Company’s preferred shareholders to explore ways of restructuring or, at the very least, limiting their dilutive impact. Most of the preferred shareholders are long term investors, and this is reflected by the fact that the vast majority of preferred shares remain currently outstanding. And although the dilution potential of the preferred stock actually decreases as Seaway’s share price increases, the simple existence of the shares may be counterproductive to such a result.

Another and not necessarily mutually exclusive alternative may be to unlock the value of Seaway’s holdings by positioning them into stand-alone public investment platforms. Management feels that Seaway’s current market capitalization is certainly less than the sum of its parts. In fact, Hackett’s, Sackets Harbor Brewing Company, Alteri Bakery and Seaway Restaurant Group would perhaps each individually be worth more than the entire current public market value of Seaway Valley.

Although management cannot be sure that any of the above strategies will be successfully transacted or, if done, done so at terms perceived as more favorable to the Company, we have currently begun down an exploratory path with swift and material value creation as our goal.

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.


Contacts
Seaway Valley Capital Corporation
contact@seawaycapital.com
www.seawayvalleycapitalcorp.com
or
Investor Relations:
CEOcast, Inc.
Gary Nash, 212-732-4300

Darüber hinaus ist eine enge Zusammenarbeit mit vielen der Gesellschaft der Vorzugsaktionäre, Möglichkeiten der Umstrukturierung oder zumindest, die Begrenzung ihrer Auswirkungen Verwässerungseffekt. Die meisten der Vorzugsaktionäre sind langfristige Investoren, und dies spiegelt sich durch die Tatsache, dass die überwiegende Mehrheit der Vorzugsaktien bleiben derzeit noch aus. Und obwohl die potenzielle Verwässerung der Vorzugsaktien tatsächlich verringert als Seaway-Aktie erhöht, die einfache Existenz der Anteile Mai kontraproduktiv sein, um ein solches Ergebnis.

Ein weiteres und nicht unbedingt gegenseitig ausschließen Alternative Mai werden zum Entsperren der Wert von Seaway die Betriebe, indem sie in Stand-alone-Plattformen öffentlichen Investitionen. Management der Ansicht, dass Seaway der aktuellen Börsenkapitalisierung ist sicherlich weniger als die Summe seiner Teile. In der Tat, Hackett's, Sackets Harbor Brewing Company, Alteri Bäckerei und Seaway Restaurant-Fraktion würde vielleicht jeder einzeln zu mehr wert als die gesamte öffentliche aktuellen Marktwert von Seaway Valley.

Zwar kann nicht sicher sein, dass jede der oben genannten Strategien werden erfolgreich abgewickelt oder, falls dies geschieht, geschieht dies auf Begriffe als günstiger für das Unternehmen, haben wir begonnen, die derzeit eine Sondierungsstellungnahme Pfad mit SWIFT und materiellen Wertschöpfung als unser Ziel.