North Country Hospitality, Inc. (NHSP.PK) Mergers With Seaway Valley Capital Corp.
North Country Hospitality, Inc. announced this morning that it has merged its businesses with Seaway Valley Capital Corporation (OTCBB:SWVC). The new company will have combined assets of over $31 million. The company expects to have annual revenues of greater than $40 million per year. The merger agreement was finalized late last week. "This agreement will open opportunities for both companies to expand their core businesses and strengthen their ability to attract capital," explained Christopher Swartz, NHSP CEO. "The shareholders of North Country can now point to a company which has increased its value by over 40% through partnering with an…