GS Carbon To Change Name to Seaway Valley Capital Corporation
Effective Date for Name Change Shall Be August 16, 2007
NEW YORK--(BUSINESS WIRE)--GS Carbon Corporation (OTC Bulletin Board: GSCR) today announced that effective August 16, 2007, its name shall be changed to Seaway Valley Capital Corporation. Immediately thereafter, Seaway Valley Capital Corporation shall seek a ticker symbol change with the NASD.
“We are pleased to announce this name change, as it represents a complete departure from the past of this company as it relates to ownership or business activities,” stated Thomas Scozzafava, the founder of Seaway Capital, Inc. “We have already set forth a new path whereby I believe value shall be created and accrue to our shareholders,” Mr. Scozzafava added.
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.
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.