GSCR.OB

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GSCR...up 775%

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Well I watched this one from .0035...run up almost 2000%

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 UP 165%

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Press Release Source: GS Carbon Corporation


GS Carbon Releases Shareholder Letter
Monday July 2, 8:00 am ET


NEW YORK--(BUSINESS WIRE)--GS Carbon Corporation (OTC Bulletin Board: GSCR - News) chairman and chief executive officer, Tom Scozzafava, issued the following letter to its shareholders today:
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Dear Shareholders:

I am pleased to report today that the previously-announced transaction between Seaway Capital and GreenShift Corporation became effective June 30, 2007. As reported, the terms of the agreement called for Seaway Capital's acquisition of GreenShift's controlling stake in the form of common and preferred stock in return for the assumption certain legacy liabilities of GS Carbon.

The first order of business shall be the official name change of GS Carbon Corporation to Seaway Capital Corporation and the eventual ticker symbol change to reflect this name change. Neither of these events will impact the company's shareholders' number of shares held or the overall capital structure of the company.

Seaway Capital Partners, LLC (the predecessor to Seaway Capital Corporation and collectively, "Seaway Capital") was formed in 2002 as a money management and private equity and leveraged buyout company. Seaway Capital's (www.seawaycapital.com) business plan is to invest in majority and minority equity stakes and to enter into mezzanine-type debt agreements with various operating companies. Returns to Seaway Capital are intended to be in the form of the eventual share appreciation and dispossession of those equity stakes and income from loans made to businesses.

To this end, I anticipate Seaway Capital will shortly obtain a controlling equity interest in WiseBuys Stores, Inc., ("WiseBuys") a big box retail chain it founded in 2003 with former Ames Chairman and CEO, Joe Ettore, and former BJ Wholesale executive, Joe LaChausse.

WiseBuys (www.wisebuysstores.com) currently has five (5) locations representing approximately 230,000 square feet, and it has partnered with other retailers such as Payless ShoeSource, Inc. and KB Toys to expand rapidly in rural markets in primarily former Ames locations. WiseBuys and its in-store partners have generated store revenues of over $35 million since November 2003, and, after a brief pause, WiseBuys is now aggressively seeking growth through acquisitions and new store development. I am currently the Treasurer and CFO of WiseBuys Stores, Inc. The Seaway acquisition of WiseBuys will be subject to completion of audits of WiseBuys and is expected to close in July or early August 2007.

In addition, as reported in the news media WiseBuys has been in lengthy discussions with Hackett's (http://www.wisebuysstores.com/news/Adirondack_Daily_06-22-07.pdf) regarding a possible merger or acquisition. If such transaction were to be finalized, the combined company would have ten (10) locations and pro forma annual revenues of over $30 million. Hackett's is one of New York and the nation's oldest retail establishments with its roots dating back to 1830. Hackett's currently has five locations in northern New York.

Additionally, Seaway Capital is seeking equity and debt investments in other retail, restaurants, media, business services, manufacturing, and select technology companies.

About Seaway Capital

Seaway Capital was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies. Seaway Capital also seeks investments in leveraged buyouts and restructurings. Seaway Capital 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.



Contact:
Seaway Capital Corporation
[email protected]
www.seawaycapital.com
or
CEOcast, Inc.
Investor Relations:
Andrew Hellman, 212-732-4300

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Source: GS Carbon Corporation

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HUGE 8K FILLING


Form 8-K for GS CARBON CORP


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9-Jul-2007

Other Events



ITEM 8.01 OTHER EVENTS
Effective July 1, 2007, the Company's majority shareholder, Seaway Capital, Inc., converted 308,234,884 shares of Company common stock into 21,750 shares of Company Series B preferred stock. Taking this conversion into account, Seaway now beneficially owns 100,000 shares of the Company's Series B preferred stock. A full description of the rights and privileges accorded to the Company's Series B preferred stock is provided in the Company's Form 10KSB for its fiscal year ended December 31, 2006.

After this conversion is effected, the Company will have approximately 186,099,879 shares of common stock outstanding and 100,000 shares of Series B preferred stock.