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Well here's the way I see things today,
All longs:
If we want new investors to come in to this stock and those riding the fence trying to decide to stay or not, then today would be a good day for longs to post a piece of DD for those that haven't been through all the messages.
I'll start with this little piece of verifiable evidence for any newbies:
BBB Reliability Report
The Better Business Bureau
Serving Windsor & Southwestern Ontario
880 Ouellette Avenue, Suite 302
Windsor, ON N9A 1C7
Sulja Brothers Ltd.
Erie Road, R.R. #3
Harrow, ON. N0R 1G0
The BBB reports on members and non-members
Original Business Start Date:
File Open Date:
Principal:
TOB Classification: NOT YET CLASSIFIED.
BBB Membership: This company is not a member
The Bureau maintains a report on a firm based on inquiry or complaint activity. The BBB has not received a sufficient volume of requests for information, nor has the Bureau received complaints on this firm to warrant the maintenance of a report. The information provided, however limited, is presented to assist you in your purchasing decisions or for any other purpose you deam relevant. The BBB suggests you read and understand company promotional materials and contracts and check company references and licensing, where applicable.
Customer Experience
The Bureau has processed no customer complaints on this company in the last three years
Based on BBB files, this company has a satisfactory record with the Bureau. To have a Satisfactory Record with the Bureau, a company must be in business for at least 12 months, properly and promptly address matters referred to it by the Bureau, and be free from an unusual volume or pattern of complaints and law enforcement action involving its marketplace conduct. In addition, the Bureau must have a clear understanding of the company's business and no concerns about it's industry.
As a matter of policy, the Better Business Bureau does not endorse any product, service or company. BBB reports generally cover a three-year reporting period, and are provided solely to assist you in exercising your own best judgement. Information contained in this report is believed reliable but not guaranteed as to accuracy. Reports are subject to change at any time.
True fuff and will not need one. See, back in feb They didn't know about deals on the table now. Thats why I see a legit organization here.
They are steering the boat where it needs to go IMO.
Three developers are involved in the Reem Island development. They are Tamouh Investments which owns 60 per cent of the Reem Island development project, Sorouh Real Estate PJSC which is developing 20 per cent of the island project and Al Reem Investments which is also developing 20 per cent of the island.
- Both nationals and foreigners can own property on the island. There are no special conditions for ownership.
- There will be bank arrangements to provide mortgages for UAE nationals, foreign expatriates and international investors.
- Investors will get the official stamp of the Abu Dhabi government on the purchase contract.
- The island is expected to accommodate some 280,000 residents upon completion.
- The property can be owned on a 99 year leasehold, which is extendable.
(http://www.uaepropertytrends.com)
$5.5bn investment planned on Abu Dhabi island
Abu Dhabi
Reem Investments has announced plans to develop 25 per cent or 1.8 million sq m of Abu Dhabi's Reem Island involving an investment of around Dh20 billion ( $5.5 billion).
This island will encompass low and high-rise buildings, villas, retail and commercial offices apart from community services like schools, hospitals and mosques, backed by a highly sophisticated infrastructure of support systems.
Once complete, the island development project undertaken by Reem Investments is expected to house approximately 80,000 people. It will have the longest waterfront view, overlooking the city of Abu Dhabi with the closest proximity to the capital.
New initiatives and investments in the financial, industrial and real estate sectors are also expected to be announced by Reem Investments shortly, which has more than 30 prominent UAE-based institutions and private investors among its shareholders.
Intresting comments from back in feb of LFWK merger.
Ammerman further explained that this authorization has been done in anticipation of a future reverse stock split, which will be announced well in advance and according to the best interests of all shareholders. Consultech Director-General Petar Vucicevich expressed his excitement regarding the upcoming merger. "We see a true opportunity to create something really special for all of our shareholders," he said.
Hey Penny, read this and then go find your own answer to your question!!!!
BASHERS WILL TRY TO CREATE DOUBT AND GET YOU TO RESEARCH
ITEMS THAT THEY KNOW WILL LEAD TO THE CREATION OF DOUBT IN YOU AND IN
OTHER STOCKHOLDERS. A typical trick of an advanced basher is to
propose that there is a potential "problem" because "we" don't have
the facts on a particular subject. The basher dares someone in the
group to find out the answer to the question. The basher already knows
the answer; the basher already knows what will be found. The power of
this tactic is that the basher is now in control of the actions of the
stockholders; the basher has you, the stockholder doing HIS/HER due
diligence and when you, the stockholder come back to the group with a
questionable finding then the basher gains credibility.
Nice post Fish, That's what makes it so difficult for me to decide when to sell a small portion on the way.
A typical trick of an advanced basher is to
propose that there is a potential "problem" because "we" don't have
the facts on a particular subject. The basher dares someone in the
group to find out the answer to the question. The basher already knows
the answer; the basher already knows what will be found. The power of
this tactic is that the basher is now in control of the actions of the
stockholders; the basher has you, the stockholder doing HIS/HER due
diligence and when you, the stockholder come back to the group with a
questionable finding then the basher gains credibility. What to do???
Solution??? Well, I think it's important to find answers but on your
own terms. I actually pick up the phone and call the company and talk
to the investor relations person or the CEO until I get a satisfactory
answer. The problem here is that the advanced basher has you doing his
bidding and his work; you have essentially joined his ranks. So,
develop your own little Due Diligence package and answer questions by
placing the information into the package and referring all new
investors to read the answers to questions raised in the Investor
Information package but DON'T GET INTO A CONVERSATION WITH THE BASHER
REGARDING THE TOPIC. THAT IS WHERE YOU LOSE. DON'T CONVERSE WITH THE
BASHER; ANSWER INDIRECTLY; DON'T USE THE BASHERS NAME; DON'T GET INTO
A PERSONALITY CONTEST.
According to the financial statements that have been released to the public, Sulja Bros. Building Supplies Ltd. (SLJB.PK) expects to increase it revenues by an astonishing $241,519,772 (368.8%) over the next 12 months (August 1, 2006 - July 31, 2007). This is based on expected results of current negotiations, already signed contracts, and growth projections for much of their new business in the middle east.
2006 numbers were impressive as well, as the company had a net profit of $26,023,991. Using a revised estimate of 500,000,000 outstanding shares with an estimated net income (after 40% in taxes), Sulja Bros. would have an earnings-per-share of $0.0312.
Furthermore, 2007 pro forma numbers demonstrate the company's expectations of rapid growth and expansion. The earning-per-share projected for 2007 (August, 1 2006 - July 31, 2007) stands at $0.1127.
Financial results from June and July 2006 are still yet to be released.
Now, to estimate what the share price could be for SLJB.PK based on the 2007 pro forma financials, lets take into consideration the PE ratios on the stocks of different building supply companies.
Note: The company (Sulja Bros.) have repeatedly claimed that there will be no need to reverse split their stock in order to be eligible for an uplisting to a higher exchange such as the OTCBB, AMEX, or NASDAQ. A NASDAQ listing requires, among other things, a share price of $4 and AMEX is $2. OTCBB doesn't have a share price requirement, but it does require quarterly financial reporting.
SLJB.PK Closing Share Price (August 24, 2006): $.081
This analysis is congruent with the companies own assertion that there will be no need for a reverse split and if these numbers are anywhere near accurate, SLJB.PK appears to be worthy of a $5 share price or more!
As published in a recent press release on August 11, 2006, CEO Steve Sulja stated: "The process of moving the overseas assets was time consuming but has finally been completed. We can now have the audited financials completed shortly. The State of Nevada will receive the assets by next Friday. We are very pleased to inform our shareholders of the current transfer of assets. We are actively negotiating with KPMG International and Price Waterhouse Coopers to handle all future Security and Exchange Commission filings and reporting. Our shareholders will soon see why Sulja Bros. did not need to reverse split the stock to meet our up listing goals."
Too good to be true? No, not in our opinion! Rare opportunity....Yes, extremely rare!
Quite possibly a "Once-In-A-Lifetime Opportunity" for some.
Spin, the facts will be in the audited financial's. That's all I need. You got no one because all I'm doing is passing opinion's along. It's called information to digest. However I would love to see this board stick only to facts.
So, let me ask you Spin, Where are your facts you would like everyone to see??????
Spin, It's a re-post someone else posted. I agree with it.
It's a re-post someone else posted. I agree with it.
[CEO Steve Sulja stated: "We received some early coverage from Knobias. The article detailed the undervalued condition of our stock by accepted standards of price and market capitalization. The company believes the condition is temporary and due to being listed on the Pink Sheets. Our takeover of LoftWerks to protect our joint venture interests is the reason we are temporarily on the Pink Sheets. We are clearly not a start-up company, but we are careful about protecting our money invested in a joint venture. The company financial audits will be completed in a couple of weeks. Then a Form 10 will get our company to the OTCBB. Clearly, this is not our final goal. We will seek a NASDAQ listing. The company is making enough net profits to easily justify the NASDAQ move. Our long term investors know we are worth more and within a year, we will give them one of the greatest short term returns in the stock market."]
- Sulja came public under its new ticker.
- Consultech owns Sulja. Consultech is owned by Vista International.
- Vista International and Consultech have been building structures in Dubai, Germany and Europe for a number of years.
- The construction growth in Dubai caught both Vista and Consultech by surprise. They want the work.
- Wessal, via it's subsidiary "The Red Sea Group" has been supplying material for many projects in Dubai for a number of years. Probably one of their main customers is EMAAR.
- In the past 6 months, they have been having a difficult time obtaining materials of high quality (based on numerous press reports of the area).
- Vista International also needs these materials. Especially, good quality soft wood.
- Wessal teamed up with Vista International to help Sulja bring those supplies and materials to Dubai and the surrouding area being impacted by the construction boom. Hence the 25 million dollar loan and offer to purchase 25% of Sulja's stock.
- Sulja is now putting the pieces of the supply chain in effect to maximize profits, maximize delivery time, and maximize materials needed.
- In the meantime, Sulja still has a thriving business in Canada and the U.S.
Well I'm happy as can be, got more this morning. I don't want to be chasing when Fin. come out.
I think many will be surprised to see the assets listed or it would not have been such a big concern to the company to get them transfered.
Also, Petar will IMO bring the PPS up whatever it takes. There too much money behind him.
Remember, Emaar just bought the largest home builder in the US. If we're in a JV with them in Germany, then why wouldn't we be right here in our own home country. Much closer and less cost associated with moving materials.
Hint, Remember in the PR, they said they are going to protect their joint venture intrests. I think this is what was refered to.
The joint venture with Emaar Properties opens up possibilities for more projects in the near future and increases Sulja Bros. market share in the Middle East."
On August 02, 2006 Sulja Brothers Building Supplies, Ltd. met with Consultech Construction Management and Emaar Properties, in Germany, to finalize a major construction and supply agreement. A Red Sea spokesperson commented: "The joint venture includes the supply of lumber and other building materials for 3 new developments in Dubai and Abu Dhabi. CEO Steve Sulja stated: "This is exactly why we expanded in the Middle East and obtained a contract with the Liberian Government for lumber. Sulja Brothers' growth rate in the Middle East is astounding. The joint venture with Emaar Properties opens up possibilities for more projects in the near future and increases Sulja Bros. market share in the Middle East."
.40+ good est. two weeks out. could even be higher because this stock is wound tight. I think when Petar puts out a PR, it will probably be pretty solid.
Old news can be good news too>
As we all know it costs money to grow a business. If everyone will look closely, I think there are a lot of answers in the numbers. (at least for me).
Here’s a few percentage differences, where I compared Last yrs. %’s to next yrs. Expected %’s.
Gross Margin .56% better than last yr at 45%.
Payroll & Benefits 4.35% more.
Advertising & promotion .44% more.
Total Operating Cost 5.35% more over last yr.
Total Expenses 9.69% more over last yr.
Pretax Profit—9.14% less than last yr. but with a very nice number—$93,951,965.18.
I can live with that on a .08 PPS stock.
Now for the better news, what everyone better look at is the middle east sales.
You will notice August and Sept. months roughly increase by 1 million give or take. This sounds legit as they are just getting rolling.
However look what happens beginning in October, 2 mill increase, nov-3 mill increase month over month and it just keeps growing larger every month.
I think this gives us some insight as to Company announcing PR’s as well, probably beginning heavy by the end of this month. IMO these are contracts already signed and not announced yet.
All in all, this shows me they are spending more to grow the business, and in the right places.
All this JMO. Oh ,one I forgot to mention that I found interesting was Travel expenses, these were last yr, $24,268.00 and this coming yr. $1,250,000.00.
What a big difference in travel expenses, Sounds like these guys plan on spending a lot of time somewhere.
PR’s
Recap:
Closed & finalized cement contract:
announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.
CEO Steve Sulja stated: "The cement contract has been finalized, and the contract is officially closed. The contract is for seven million metric tons of cement per year. The cement will be transported to Abu Dhabi, UAE."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000.
acquiring a lumber mill with operations in both the Province of British Columbia and the State of Washington.
CEO Steve Sulja stated: "We have decided to remove the middle man in our supply chain. The acquisition of the lumber mill will decrease our finished lumber product costs by over 30%.
move the Sulja Bros. assets to the State of Nevada. Sulja Bros. attorneys have paid all creditors and liens on the assets being moved. The attorneys, working with the auditors, have produced the balance sheet, which was the last piece of information needed to complete the audit.
The pro forma estimated revenue is $307,007,451.50 and estimated net profits are $93,951,965.18. The pro forma for the current fiscal year is available for our shareholders to view. The pro forma numbers will grow as we obtain our market share of the Middle East construction boom."
Wessal International is purchasing 25% of Sulja Brothers in the open market. Wessal International is the parent company of Red Sea Group. Red Sea Group was recently selected to strengthen Investor Relations in the Middle East.
We are now working with one of the largest investment banking firms to complete the listing of Sulja Bros. Building Supplies, Ltd. on the Dubai International Financial Exchange."
Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.
LoftWerks, Inc. (PINKSHEETS: LFWK) today announced that it has finalized the process of changing the name of its post-merger entity. The name of the Company has been changed from LoftWerks to SULJA BROS. BUILDING SUPPLY, LTD. The new trading symbol for the company's common stock will be "SLJB."
BBB Reliability Report
The Better Business Bureau
Serving Windsor & Southwestern Ontario
880 Ouellette Avenue, Suite 302
Windsor, ON N9A 1C7
Sulja Brothers Ltd.
Erie Road, R.R. #3
Harrow, ON. N0R 1G0
The BBB reports on members and non-members
Original Business Start Date:
File Open Date:
Principal:
TOB Classification: NOT YET CLASSIFIED.
BBB Membership: This company is not a member
The Bureau maintains a report on a firm based on inquiry or complaint activity. The BBB has not received a sufficient volume of requests for information, nor has the Bureau received complaints on this firm to warrant the maintenance of a report. The information provided, however limited, is presented to assist you in your purchasing decisions or for any other purpose you deam relevant. The BBB suggests you read and understand company promotional materials and contracts and check company references and licensing, where applicable.
Customer Experience
The Bureau has processed no customer complaints on this company in the last three years
Based on BBB files, this company has a satisfactory record with the Bureau. To have a Satisfactory Record with the Bureau, a company must be in business for at least 12 months, properly and promptly address matters referred to it by the Bureau, and be free from an unusual volume or pattern of complaints and law enforcement action involving its marketplace conduct. In addition, the Bureau must have a clear understanding of the company's business and no concerns about it's industry.
As a matter of policy, the Better Business Bureau does not endorse any product, service or company. BBB reports generally cover a three-year reporting period, and are provided solely to assist you in exercising your own best judgement. Information contained in this report is believed reliable but not guaranteed as to accuracy. Reports are subject to change at any time.
The United Arab Emirates (UAE) Is A Longstanding Friend And Ally Of The United States. The United States and UAE have a longstanding alliance. The UAE is a key partner of the United States in the War on Terror, helping to advance Middle East peace efforts. The UAE is also a vibrant trading partner and has provided critical support in the wake of Hurricane Katrina.
The UAE Is A Key Partner In The War On Terror. The UAE provides U.S. and Coalition forces unprecedented access to its ports and territory, overflight clearances, and other critical and important logistical assistance. Today, the UAE is providing assistance to the missions in Afghanistan and Iraq, combating terrorists by cutting off their financing, and enhancing America's homeland security by actively participating in initiatives to screen shipments and containers.
UAE Ports Host More U.S. Navy Ships Than Any Port Outside The United States. The UAE provides outstanding support for the U.S. Navy at the ports of Jebel Ali - which is managed by DP World - and Fujairah and for the U.S. Air Force at al Dhafra Air Base (tankers and surveillance and reconnaissance aircraft). The UAE also hosts the UAE Air Warfare Center, the leading fighter training center in the Middle East.
The UAE Is A Partner In Shutting Down Terror Finance Networks. The UAE has worked with us to stop terrorist financing and money laundering, including by freezing accounts, enacting aggressive anti-money-laundering and counter-terrorist financing laws and regulations, and exchanging information on people and entities suspected of being involved in these activities.
The UAE Is An Established Partner In Protecting America's Ports. Dubai was the first Middle Eastern entity to join the Container Security Initiative (CSI) - a multinational program to protect global trade from terrorism. Under CSI, a team of U.S. Customs and Border Protection officers is permanently stationed inside Dubai's ports, where they work closely with Dubai Customs to screen containers destined for the United States. Cooperation with Dubai officials has been outstanding and a model for other operations. Dubai was also the first Middle Eastern entity to join the Department of Energy's Megaports Initiative, a program aimed at stopping illicit shipments of nuclear and other radioactive material.
The UAE Is A Critical Partner In Afghanistan. The UAE extends vital military and political support to Operation Enduring Freedom in Afghanistan and substantial financial and humanitarian support to Afghanistan and its people.
The UAE Is Supporting The New Iraqi Government. The UAE has provided significant monetary and materiel support to the Iraqi government, including a pledge of $215 million in economic and reconstruction assistance.
The UAE Is Supporting Middle East Peace Efforts. The UAE is a moderate Arab state and a long-time supporter of all aspects of Middle East peace efforts. The U.S. and the UAE are also working together to create a stable economic, political and security environment in the Middle East.
The UAE Provided $100 Million To Help The Victims Of Hurricane Katrina. The UAE was one of the first nations to offer financial aid to the U.S. after Hurricane Katrina struck the Gulf Coast. UAE's $100 million donation was one of the largest by any nation.
I like this as a long on SLJB.
BBB Reliability Report
The Better Business Bureau
Serving Windsor & Southwestern Ontario
880 Ouellette Avenue, Suite 302
Windsor, ON N9A 1C7
Sulja Brothers Ltd.
Erie Road, R.R. #3
Harrow, ON. N0R 1G0
The BBB reports on members and non-members
Original Business Start Date:
File Open Date:
Principal:
TOB Classification: NOT YET CLASSIFIED.
BBB Membership: This company is not a member
The Bureau maintains a report on a firm based on inquiry or complaint activity. The BBB has not received a sufficient volume of requests for information, nor has the Bureau received complaints on this firm to warrant the maintenance of a report. The information provided, however limited, is presented to assist you in your purchasing decisions or for any other purpose you deam relevant. The BBB suggests you read and understand company promotional materials and contracts and check company references and licensing, where applicable.
Customer Experience
The Bureau has processed no customer complaints on this company in the last three years
Based on BBB files, this company has a satisfactory record with the Bureau. To have a Satisfactory Record with the Bureau, a company must be in business for at least 12 months, properly and promptly address matters referred to it by the Bureau, and be free from an unusual volume or pattern of complaints and law enforcement action involving its marketplace conduct. In addition, the Bureau must have a clear understanding of the company's business and no concerns about it's industry.
As a matter of policy, the Better Business Bureau does not endorse any product, service or company. BBB reports generally cover a three-year reporting period, and are provided solely to assist you in exercising your own best judgement. Information contained in this report is believed reliable but not guaranteed as to accuracy. Reports are subject to change at any time.
Our shareholders will soon see why Sulja Bros. did not need to reverse split the stock to meet our up listing goals."
MrBankRoll, I gave you my info straight from the SEC, very reliable source, Show me your source and we'll compare them via e-mail or something.
I'm not getting into a debate on this board nor side tracked in my DD, because of what you say could happen. The world could end tommorrow too, but I see no proof it will.
qaswaseas, Your 100% Wrong. Read my post again. Hope your not interpreting too many posts wrong, when giving your opinion on matters.
Notice my post said could go to jail. Here ya go--Straight from the SEC.
Yes! Your company's securities offering may qualify for one of several exemptions from the registration requirements. You must remember, however, that all securities transactions, even exempt transactions, are subject to the antifraud provisions of the federal securities laws. This means that you and your company will be responsible for false or misleading statements, whether oral or written. The government enforces the federal securities laws through criminal, civil and administrative proceedings. Some enforcement proceedings are brought through private law suits. Also, if all conditions of the exemptions are not met, purchasers may be able to obtain refunds of their purchase price. In addition, offerings that are exempt from provisions of the federal securities laws may still be subject to the notice and filing obligations of various state laws.
I’ll say this again, I’ve been reviewing #’s from last years financials and comparing them to the Proforma. Actually, my goal was to shoot holes in the numbers, but I couldn’t.
As we all know it costs money to grow a business. If everyone will look closely, I think there are a lot of answers in the numbers. (at least for me).
Here’s a few percentage differences, where I compared Last yrs. %’s to next yrs. Expected %’s.
Gross Margin .56% better than last yr at 45%.
Payroll & Benefits 4.35% more.
Advertising & promotion .44% more.
Total Operating Cost 5.35% more over last yr.
Total Expenses 9.69% more over last yr.
Pretax Profit—9.14% less than last yr. but with a very nice number—$93,951,965.18.
I can live with that on a .08 PPS stock.
Now for the better news, what everyone better look at is the middle east sales.
You will notice August and Sept. months roughly increase by 1 million give or take. This sounds legit as they are just getting rolling.
However look what happens beginning in October, 2 mill increase, nov-3 mill increase month over month and it just keeps growing larger every month.
I think this gives us some insight as to Company announcing PR’s as well, probably beginning heavy by the end of this month. IMO these are contracts already signed and not announced yet.
All in all, this shows me they are spending more to grow the business, and in the right places.
All this JMO. Oh ,one I forgot to mention that I found interesting was Travel expenses, these were last yr, $24,268.00 and this coming yr. $1,250,000.00.
What a big difference in travel expenses, Sounds like these guys plan on spending a lot of time somewhere.
Well, Get ready All,
Starting Today you will be seeing all types of individuals posting. Some for longs, and some for shorts.
Remember this when reading any post:
If the Company Officials are fibbing--they could go to Jail. If the Shorts or Pumpers are fibbing--probably nothing will happen to them.
So, decide whom you want to believe. I prefer the ones with facts behind thier posts. We'll, at least a little common sense reasoning anyway.
This should be an exciting week.
Wave, I think your right-on. Don't want to be chasing myself.
I may even get in a little more tommorrow.
I think there would have been an announcement already if there was a delay of the financials!
My opinion only!
That's why I think we see them early in the week.
All three officers will also serve as Interim appointees on the company's Board of Directors. "We will serve in this capacity until all of the merger details have been completed," said Sulja.
Sulja Brothers Names Officers and Interim Board of Directors to Complete LFWK Merger
LoftWerks, Inc. (OTC: LFWK) today announced that its post-merger partner, Sulja Brothers Specialty Building Materials, Ltd., has appointed new officers and directors in anticipation of combined operations. Heading the company as its new Chief Executive Officer will be Steve Sulja. Mr. Sulja is currently Director of Sales and Marketing for both Sulja Brothers and Consultech Construction Management, Inc., positions he has held for the past ten years. The company also has named Leo Joseph Meloche to serve as President. Mr. Meloche is currently Comptroller of Sulja Brothers, a position he has held for the last eight years, and brings a wealth of financial and management experience to the position. The final announced appointment is the naming of Leslie A. Budway to serve as Secretary. Ms. Budway is currently in-house credit analyst for Sulja Brothers, a position she has held for six years.
All three officers will also serve as Interim appointees on the company's Board of Directors. "We will serve in this capacity until all of the merger details have been completed," said Sulja. "When input has been received from all of the post-merger entities -- LoftWerks, KORE International Management, Inc., Consultech, and Sulja Brothers -- we will be naming a permanent Board of Directors that can successfully and efficiently guide our combined efforts."
How deep of a pile they are standing in!!!!
Wander what these nay sayers here today will find null & void about these two companies when they show as part of us? (Today or next week).
KPMG International
www.kpmg.com
According to a press release on August 11, 2006 CEO Steve Sulja stated: "The process of moving the overseas assets was time consuming but has finally been completed. We can now have the audited financials completed shortly. The State of Nevada will receive the assets by next Friday (August 18, 2006). We are very pleased to inform our shareholders of the current transfer of assets. We are actively negotiating with KPMG International and Price Waterhouse Coopers to handle all future Security and Exchange Commission filings and reporting. Our shareholders will soon see why Sulja Bros. did not need to reverse split the stock to meet our up listing goals."
Per company website: "KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 144 countries and have over 6,700 partners, 76,000 client service professionals, and 21,000 administration and support staff working in member firms around the world. Our purpose is to turn knowledge into value for the benefit of our clients, our people, and the capital markets. Our member firms aim to provide clients with a globally consistent set of multidisciplinary financial and accounting services, based on deep industry knowledge. Our values determine how we behave, with clients and each other. They define what we stand for and how we do things, helping us to work together in the most effective and fulfilling way. This enables us to create a strong organizational culture—consistently—throughout the network. We play an important role in the capital markets, and are highly active in supporting positive reform within our industry to strengthen credibility and confidence. We believe corporate social responsibility is at the heart of all great organizations, and are committed to making a real difference to the communities in which we operate.
Price Waterhouse Coopers
www.pwc.com
Per company website: "At PricewaterhouseCoopers, we measure our success by yours. Every day our more than 130,000 people in 148 countries go to work to help our clients succeed. From Dublin to Durban, from Minneapolis to Manila, our job is channeling knowledge and value through our lines of service and 22 industry-specialized practices. Our Global Annual Review details how our industry-focused services in the fields of assurance, tax, human resources, transactions, performance improvement and crisis management have helped address client and stakeholder issues. Our success in meeting today's business challenges rests on the way we approach our work. We call that approach Connected Thinking. Sound governance and transparency form the bedrock of leadership. At PwC, we are committed to serving as a force for integrity, good sense and wise solutions to the problems facing businesses and the capital markets today. Transparency and good standards of corporate governance — both in our clients' businesses and in our own — are central to our ability to achieve those objectives. And we aim to continue to achieve them from a position of strength as the undisputed leader of our profession.
Red Sea Group Hones in on Data Centers
By Brian K. Miller
SANTA CLARA, CA-Intent on scooping up as many as possible, the international real estate development firm acquires its third data center here in the past 18 months. The building is fully leased by the soon-to-be-sold telecom company Electric Lightwave.
Red Sea Group Buys Back Class A Data Center
By Connie Gore
RICHARDSON, TX-In a niche play, the investment group cuts a near $8-million, off-market deal for a Cingular-leased asset that it sold in 2000.
Red Sea Group, Provident Pocket 42 Prized Acres in North Dallas
By Connie Gore
DALLAS-With a foreclosure clock ticking, the new JV closes an off-market buy of the last large tract available for mixed-use redevelopment in its submarket, paying far less than the $52-million previous ask for the 857 apartments and 50,000-sf shopping center.
RED SEA DEVELOPMENT ENTERPRISE L.L.C.
Oil Field, Construction & Trade
w w w . r e d s e a - g r o u p . c o m
UNDER CONSTRUCTION
Please Visit Us Soon
Address in UAE
P.O.Box 36428
Remember Green, he said couple weeks. That was two days ago officialy. So, could be posssible since they were already done from loftworks merger and only needed the assets transfered for the balance sheet.
No concern's here, just smiling & waiting.
That's right -- Profits and assets also become the same..
They are doing exactly what they have been saying they were going to do all along folks, many just don't want anyone to realize this until they get covered and buy your shares IMO!!
Consultech Construction Management
www.consultechconstruction.com
Per company website: "Consultech was established in 197 with one goal in mind, to change the way construction was done to benefit both client and end users. The Consultech team have been helping develop communities throughout North America and the world. Our projects range from small to large scale industrial, commercial, residential, and technological development." Consultech is one of seven "Master Builders" in the USA and Europe. According to historical company press releases and managements comments, The merger process of Consultech's Midwestern offices with Sulja Building Supplies Ltd. are currently underway and expected to be completed in the very near future.
Vista Group International Corporation / Vista Real Estate Ltd.
www.vgic.biz / www.findaproperty.com
Parent company of Consultech Construction, Incorporated in Dubai, is an integrated customer-centric sales, marketing and service organization dedicated to the real estate industry in the Middle East with a particular focus on Dubai, Abu-Dhabi and Sharjah (UAE). Vista provides a complete real estate solution under one roof through a transparent, efficient and convenient process that combines a "bricks and clicks" business model which fully integrates with propmart.net's powerful web-enabled real estate management software. Vista leverages propmart.net's web-presence with a hi-quality 'on-the-ground service' for customers who seek to Locate, Buy, Sell, Lease, Finance, Improve or Maintain their properties in the Middle East. Whether one is an investor, landlord, broker, developer, Vista's informed and well-trained professionals are on standby to serve customized real estate solutions for you.
When input has been received from all of the post-merger entities -- LoftWerks, KORE International Management, Inc., Consultech, and Sulja Brothers -- we will be naming a permanent Board of Directors that can successfully and efficiently guide our combined efforts."
Based on BBB files, this company has a satisfactory record with the Bureau. To have a Satisfactory Record with the Bureau, a company must be in business for at least 12 months, properly and promptly address matters referred to it by the Bureau, and be free from an unusual volume or pattern of complaints and law enforcement action involving its marketplace conduct. In addition, the Bureau must have a clear understanding of the company's business and no concerns about it's industry.
Legit, Hows Better Business Bureau
BBB Reliability Report
The Better Business Bureau
Serving Windsor & Southwestern Ontario
880 Ouellette Avenue, Suite 302
Windsor, ON N9A 1C7
Sulja Brothers Ltd.
Erie Road, R.R. #3
Harrow, ON. N0R 1G0
The BBB reports on members and non-members
Original Business Start Date:
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TOB Classification: NOT YET CLASSIFIED.
BBB Membership: This company is not a member
The Bureau maintains a report on a firm based on inquiry or complaint activity. The BBB has not received a sufficient volume of requests for information, nor has the Bureau received complaints on this firm to warrant the maintenance of a report. The information provided, however limited, is presented to assist you in your purchasing decisions or for any other purpose you deam relevant. The BBB suggests you read and understand company promotional materials and contracts and check company references and licensing, where applicable.
Customer Experience
The Bureau has processed no customer complaints on this company in the last three years
Based on BBB files, this company has a satisfactory record with the Bureau. To have a Satisfactory Record with the Bureau, a company must be in business for at least 12 months, properly and promptly address matters referred to it by the Bureau, and be free from an unusual volume or pattern of complaints and law enforcement action involving its marketplace conduct. In addition, the Bureau must have a clear understanding of the company's business and no concerns about it's industry.
As a matter of policy, the Better Business Bureau does not endorse any product, service or company. BBB reports generally cover a three-year reporting period, and are provided solely to assist you in exercising your own best judgement. Information contained in this report is believed reliable but not guaranteed as to accuracy. Reports are subject to change at any time.