SOURCE: Harbor Brewing Company

February 26, 2010 11:16 ET

Harbor Brewing Company, Inc. Meets With Architects to Review Potential Sites for Proposed New Brewery

Company Interviews Vermont-Based Bread Loaf for Design and Construction of New Brewery

SACKETS HARBOR, NY--(Marketwire - February 26, 2010) -  Harbor Brewing Company, Inc. (PINKSHEETS: HBWO), a holding of Seaway Valley Capital Corporation (PINKSHEETS: SEVA), announced that it has begun discussions with potential architects and construction management firms for the planning and design-build phases of its proposed new brewery. Specifically, company executives met with engineers from Vermont-based Bread Loaf (www.breadloaf.com), which provides planning, design, preconstruction and construction services to clients throughout Vermont, Northern New England and Northeastern New York.  

President and CEO, Thomas Scozzafava, stated, "The meeting with Bread Loaf went well, and early indications are that the proposed sites that we had in mind for our brewery could, indeed, work well for us and the community." Mr. Scozzafava continued, "Given that these engineers and architects at Bread Loaf designed and built two similar-sized breweries, that was positive news." Bread Loaf designed and built a 15,000 square foot brewery for Otter Creek Brewery in Middlebury, VT and a 25,000 square foot brewery for Catamount Brewery in Windsor, Vermont.

With its own brewery, Harbor Brewing Company would look to commence commercial production and bottling of a number of labels in its portfolio including Railroad Red, Harbor Wheat and Saint Stephen's Stout, along with seasonal beers such as Ontario Oktober Fest and Pumpkin Spice.

About Harbor Brewing Company, Inc.
Harbor Brewing Company, Inc. develops and acquires craft brewing companies and select craft beer labels. The company acquired Sackets Harbor Brewing Company ("SHBC") (www.1812ale.com) in August 2009. SHBC develops, produces, and markets micro brewed beers such as the award winning "War of 1812 Amber Ale" and "Thousand Island Pale Ale" as well as "Railroad Red Ale," "1812 Amber Ale Light" and "Harbor Wheat" specialty beers. Its "1812 Amber Ale" is the company's flagship brand and was the winner of a Silver Award at the World Beer Championship. The company has also developed complementary products such as Sackets Harbor Coffee and Sackets Harbor Brewing Co. Root Beer.

About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation (www.seawayvalleycapitalcorp.com) makes equity, equity-related, and debt investments in companies that require expansion capital. Seaway also seeks investments in leveraged buyouts and restructurings. Seaway will consider investment opportunities in a number of different industries, including retail, restaurants, consumer products, media, business services, manufacturing, and select technologies. Seaway Valley's current portfolio includes Hackett's Stores, Inc. (PINKSHEETS: HCKI), Alteri Bakery, Inc., Harbor Brewing Company, Inc. (PINKSHEETS: HBWO) and Seaway Realty Holdings, LLC.

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