LoftWerks, Inc. (LFWK)/Sulja Bros. Announces Two Manufacturing Facilities Truss and Wall-Panel Robotics Facilities Will Increase Niche Production 300% Over Current Segment in Canada

NASHVILLE, TN, Apr 13, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that its new post-merger owner, Sulja Bros. Specialty Building Materials, Ltd., plans to construct and operate two automated, robotic-enhanced truss manufacturing facilities in the markets of Kitchner, Toronto, Ontario in Canada and in the Gulf Dale/Biloxi Mississippi area (both announced previously as target niche markets by a company spokesman).

These operations will primarily supply the revitalization efforts in Toronto and the commercial facilities rebuilding campaign in post-Katrina Mississippi. The facilities basically automate and exact the process of framing and skinned-wall fabrication off-site for an assembly process that is less demanding in terms of committed resources at any given project location. Sulja Bros. currently generates approximately $4-6M annually from an identical process in Windsor, Ontario. The adjunct of the new facilities is expected to increase these niche-specific revenues by three hundred (300) percent within 24-36 months.

SOURCE: LoftWerks, Inc.

I believe that Loftwerks needed a cash injection and got via Sulja Brothers/Consultech. Now with the stock and cash they are up and running and a target, or already a buy out by UAE company.

Wrong, Loftwerks is alive and well and expanding! The prodject in Nashville alone has a potential value of 50 million. Check out their site and google them.

http://www.loftwerks.com/

NASHVILLE, TN -- (MARKET WIRE) -- 03/03/06 -- LoftWerks, Inc. (OTC: LFWK) today announced that the first phase of its merger with Consultech Construction Management, Inc. has been initiated. Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations has begun merger protocols with LFWK. The move solidifies the certainty of Consultech's imminent migration into the LFWK public vehicle. Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.

LoftWerks CEO Dennis Ammerman stated that the primary reasons for selecting Sulja Bros. for this position were its lengthy tenure in the industry, and the company's ability to retain its large and loyal customer base at percentages practically unheard of in industries across the board -- particularly in the construction industry where builders and sub-contractors invariably target the lowest prices for materials.

A spokesperson for Consultech Construction Management fully condoned the Sulja migration. Consultech has owned the business for nearly ten years and stated that this particular appointment consolidates the three primary aspects of the industry: materials, design and management.

This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise Its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.

Published Mar. 3, 2006 — Reads 301

NASHVILLE, TN -- (MARKET WIRE) -- 12/02/05 -- LoftWerks, Inc. (OTC: LFWK) announces today that it has teamed with an interior design company to begin organizing the various furniture lines for its LoftWise furniture and fixtures catalogue. Thus far, over 30 unique, contemporary and modern lines are being considered. Many of the manufacturers are either new to the U.S. market or have only very limited products at select retail centers. These lines are from around the globe and will present the current and future trends in home furnishings. "Our criteria is to offer complete design selection to both the urban dweller and/or contemporary or modern home owner. The look and design of these pieces, from couches to tables to lighting, are unlike anything else on the market," said Dennis Ammerman, CEO of LoftWerks.

The introduction of the furniture line and the accompanying catalogue are part of LoftWerks' overall strategy of promoting and developing the complete new urban lifestyle. "As we have developed our urban revitalization projects over the last several years, we have noticed a real lack of any coherent and easily accessed source for the urban loft dweller who is seeking furniture and fixtures uniquely suited to the new urban lifestyle," said Ammerman. "We want to be the cutting-edge destination for those folks who are pioneering the revitalization of the new urban landscape."

The joint venture of Loftwerks and Sulja Bros. has to have an asset value of over 100million by now! Why is it that nobody wants to talk about Loftwerks and their value

http://www.loftwerks.com/


LoftWerks, Inc. Moves Forward: Additional Projects Underway in Nashville
Monday November 21, 2005 7:57 am ET
NASHVILLE, TN--(MARKET WIRE)--Nov 21, 2005 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) announced its plans to begin two additional renovation projects in Nashville. These projects are a reformation of two entities: (1) a single large office building restructured into approximately fifty condominium units, and (2) a multi-structured renovation of several adjoining buildings into both residential and commercial facilities. The combined value of the two projects is estimated at $50 million when lease options, revenue sharing, and the available and pursued tax credit benefits are considered.
Source: LoftWerks, Inc.



These projects coat-tail the Ambrose Building renovation in Nashville, which is nearing completion. "The impact of these three projects truly puts us in the forefront of the effort that is right now transforming downtown Nashville," said LoftWerks CEO Dennis Ammerman. "Our original idea is working as ever, and is creating a magnet for bringing life to the downtown area. We're creating a community where people truly desire to live, because of the lifestyle it offers."
This announcement comes on the heels of LoftWerks' successs in the private funding arena. A $20 million, private debt arrangement for project development was recently obtained through the efforts of Consultech Construction and its Director-General Petar Vucicevich. "These projects, and the use of private funding are indicative to the approach we intend to take from now on," said Ammerman. "We are confident that our funding approach will create shareholder value in the long run, and will allow us to develop the gamut of our overall vision as an organization."


LoftWerks adds to board of directors
Nashville Business Journal - August 25, 2005
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Residential developer LoftWerks has named urban renewal experts Charles Loveman and Merrick Malone to its board of directors.

Loveman is a former senior city planner for downtown Los Angeles. He now serves as Heritage Housing Partners. Merrick Malone is former deputy mayor for economic development and director of housing and community development for Washington, D.C.


LoftWerks (OTCBB: LFWK) relocated to Nashville a couple of months ago from Detroit and is converting the Ambrose Building downtown into 21 lofts. Led by founder and CEO Dennis Ammerman, LoftWerks has converted six buildings in Detroit into residential lofts.

This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise Its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.

I believe that Petar did a very good job of useing his legal and sales skills to negociate a great financial position for himself! However I believe the big boys are now in control and he can't back up the BS any more or he is a puppet creating a very good takeover for his financiers! Additionally, if you were going to be doing a major building project, wouldn't you keep the Sulja supply chain in your back/hip/office pocket? Again focus on Loftwerks and you will find all the answers!

Go check out the merger partner of Sulja Bros. and realize it's not really just about the supplier!

http://www.loftwerks.com/

I am working for the best interest of Fishforbreakfast right now. All the answers are right in front of everyone but everyones emotions, mostly fear has blinded them! Someone who has an interest in fires, yelled fire, and without any substantial smoke(some but not substantial) everyone stampeded out of the building! Just start at the beginning and fallow the trail from Loftwerks and you will see the incredible oppotunity here! This is just my opinion based on my DD and you should only make investments on your own DD!

No, and Yes

So when did Cosultech become the parent of Loftwerks/Sulja Bros.? Wessal is the parent of the Red Sea Group and fires Kore International after getting approval for basically a friendly take over by purchasing a minimum of 25% of the company on the open market? It appears to me that Petar has a little back door deal going on, and I can't imagine Wessal appreciates it to much! Although I did read that they gave Kore a regional development deal. So which ball is the cup under? Either way add Loftwerks assets and Sulja and Sams and you get a very nice and valuable stock. If Wessal has made their purchase or not, Loftwerks/Sulja have generated some serious money on their stock value to continue to grow their businesses! I'm in and going to continue to accumulte as I believe there is a little tug of war going on behind closed doors, and I believe the guys with the most money will win! I don't think there will be many outstanding shares left when all the little stock holders run for the doors and the float will create a heck of a short squeeze and at the very least a very strong stock value!!!!

Urban Infill
Loftwerks Goes Public To Fuel Expansion

By Angela C. Allen, Associate Editor

SEPTEMBER 01, 2005 -- Nashville—An ambitious developer who jumpstarted his career by renovating historic buildings in Detroit has decided the time is right to take his urban-infill company public— betting that Wall Street investors will share his belief that the future is bright for owners of multifamily locations in downtown settings.

Dennis Ammerman, founder and CEO of 10-year old Loftwerks Inc., said he's offering stock in his company to public investors to raise capital and to "get a broader base for expanding the company."

"It gives us more options," said Ammerman of the IPO, completed in June. "We're excited to enter the public arena as a means to raise awareness about our projects and increase Loftwerks' capitalization options. The ever-increasing market for urban lofts is so compelling, we simply couldn't refuse the benefits of a public-market vehicle—and the sometimes trying process now appears to be worth the effort."

The company recently relocated from Detroit to the capital of country music where work is already underway on its next project: The Ambrose Building, a century-old landmark on Fourth Ave. in the heart of downtown Nashville.

The proceeds from the IPO will help fuel Loftwerks further expansion plans: Ammerman said the company plans to explore opportunities in other Southern markets, namely Chattanooga, Tenn.; Charlotte, N. C.; Lexington and Louisville, Ky.; and Birmingham, Ala. among others.

He added that the company has future plans to expand its brand into a line of furniture and is exploring an urban-lifestyle TV show.

Andrew DeVries, company director and chief consultant for the IPO, said the future for the newly public Loftwerks looks solid as the company's track record and a trend toward regentrification in urban areas will draw investors.

"There's a ground swell in the whole country for urban renewal," said DeVries.

"Our strategy is very sound," added Ammerman.

As of mid-August, Loftwerks (OTC: LFWK) was trading at 23 cents a share (with a 20-cent 52-week low and a 40-cent high). Trading in the stock was small, with an average daily volume of 17,100 shares trading hands.

Loft-y Strategy

So what is the company's recipe for urban-infill success?

During the last decade, Loftwerks has made a name for itself in Detroit, acquiring undervalued and aging buildings in distressed urban markets and transforming them into elegant, high-end residences with lasting value.

Ammerman said he looks for pre-War buildings that are "structurally sound with historic character" constructed in the early 1900s to 1940s.

"We like to go in and buy those buildings before everybody wakes up so we're ahead of the curve," he said. "We might buy it at $4 or $5 a square foot and later [after his development draws others into the neighborhood,] nearby properties might command $40 to $50 a square foot."

Ammerman said part of his winning formula includes leaving in rich architectural details such as the exposed brick, steel and masonry that distinguish historic structures.


Nifty Nashville Project

Loftwerks acquired The Ambrose Building in Nashville for just over $2 million dollars and is spending approximately $3 million to convert the building to luxury loft-style condos.

Ammerman and Loftwerks board member Charles Loveman, a former Los Angeles city planner, will spearhead the project along with Nashville-based building owners, Ambrose Associates.

Architect Eric Powers of Innovations Group and architect Rob Cochran will jointly work on the project. Cochran and Powers plan to try and retain as much of the buildings' turn-of-the-century flavor as possible while adding modern conveniences and renovations.

"The challenge is taking a building over 100 years old and turning it into something appealing and functional to the level of efficiency demanded by 21st century usage, while simultaneously preserving the historic integrity and cultural influences of the building's origin," noted Cochran.

But Loftwerks with 10 million dollars to relieve debt has to be worth a lot of money based on all the realestate they hold?

LoftWerks Announces Details on $10M Acquisition Capital
NASHVILLE, TN -- (MARKET WIRE) -- February 16, 2006 -- LoftWerks, Inc. (OTC: LFWK) announced today further details regarding an imminent $10M Financing Facility.

Property acquisition capital totaling $10M has been arranged by Consultech Construction Management, Inc. (“Consultech”) as part of their proposed merger. Per the terms of the pending merger, the funding will be structured as a convertible debt instrument, which includes a provision to absolve the debt when the merger is closed.

“This is a big step in solidifying the merger with Consultech. Consultech believes in our business model enough to put up $10M to facilitate the acquisition of inner-city properties. An essential for LoftWerks to, simultaneously, handle multiple markets. The agreement calls for funding in 2-4 weeks and we have identified up to seven properties that meet LoftWerks’ criteria for desirable, second-tier regional urban centers that are best suited for our vision of urban renewal. We will be laying out our plans as they unfold,” Dennis Ammerman, CEO of LoftWerks, said.

Consultech Director-General, Petar Vucicevich, said, “The merger process, to this point, has been very smooth. The $10M funding was pending LoftWerks' completion of its financial disclosures as a service to its shareholders, per our agreement. As many shareholders have seen, LoftWerks just filed its quarterly reports and we believe it is in both parties’ best interest to complete the financing ahead of the merger completion. We look forward to joining our efforts and resources with LoftWerks.”

LoftWerks, founded in 1994, specializes in urban real estate redevelopment, by acquiring underutilized, strategically located, buildings with profit potential. LoftWerks’ target market is the home buyer who prefers suburban living alternatives, in revitalized metropolitan centers, to suburbia.

Consultech Construction Management, Inc. is one of only seven, designated "Master Builders" on the North American Continent and in Europe.

This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward

LoftWerks, Inc. (OTC: LFWK) today announced that the first phase of its merger with Consultech Construction Management, Inc. has been initiated. Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations has begun merger protocols with LFWK. The move solidifies the certainty of Consultech's imminent migration into the LFWK public vehicle. Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.

LoftWerks CEO Dennis Ammerman stated that the primary reasons for selecting Sulja Bros. for this position were its lengthy tenure in the industry, and the company's ability to retain its large and loyal customer base at percentages practically unheard of in industries across the board -- particularly in the construction industry where builders and sub-contractors invariably target the lowest prices for materials.

A spokesperson for Consultech Construction Management fully condoned the Sulja migration. Consultech has owned the business for nearly ten years and stated that this particular appointment consolidates the three primary aspects of the industry: materials, design and management.

A LoftWerks/Sulja (PINKSHEETS: LFWK) company spokesperson announced today that Kore International has reached a mutual agreement with Red Sea Group to strengthen Investor Relations. All Investor Relations functions will be performed by Red Sea Group in the near future.

Red Sea Group is located in Abu Dhabi, United Arab Emirates. Red Sea Group will introduce current LoftWerks/Sulja Abu Dhabi and Saudi Arabian projects to Middle Eastern investors in conjunction with the Investor Relations function.

CEO Steve Sulja stated: "Consultech's initial business reach into the Middle Eastern market is rapidly expanding. LoftWerks/Sulja is gearing up to supply these large projects."

This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.


--------------------------------------------------------------------------------

Copyright © 2006, MarketWire

LoftWerks/Sulja (PINKSHEETS: LFWK) today announces that Wessal International, parent company of Red Sea Group which has been handling all investor relations and promotion of LoftWerks/Sulja in the Middle East, has full intention to move forward with a joint venture.

Wessal International is an internationally renowned company whose portfolios include everything from oil allocations to construction. Wessal International President Ahmed Khalil Al-Muslmani states: "The potential of Sulja Bros. in the Middle East is phenomenal. We believe that the parent company would be better suited to manage the investor relations and promotion of this entity in our region. Therefore, we are happy to announce this new venture." He also stated: "We will move quickly and efficiently to ensure that we claim our portion of the revenues from all the construction that is happening in this region. We are certain that this will enhance confidence for everyone involved with Sulja as well as Wessal International." Documents necessary for this new venture are expected to be signed and finalized within a few weeks.

This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.


--------------------------------------------------------------------------------

Copyright © 2006, MarketWire

LFWK and Sulja Brothers Building Supplies, Ltd. Announce Pre-Merger Financial Reports: Accelerated Timeline

NASHVILLE, TN, Mar 13, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. today announced that its merger with Sulja Bros. Building Supplies, Ltd., the primary distribution arm of Consultech Construction Management, Inc.'s Midwest operations, has accelerated its proposed timeline. Merger completion is expected to occur before March 24th, 2006.

Sulja Bros. will serve as the centralized and primary distributor of materials for all future projects. They recently posted earnings of $26M+ for fiscal year 2005 netting $2.4M. They currently have assets totaling more than $25M. This information will be available in detail as is practical according to an LFWK spokesperson, who also relayed that the financial reports' disclosure was forthcoming prior to finalizing the merger at Consultech's request.

It is projected that once Sulja Bros. settles into its new role, revenues should reach $200M annually within a twenty-four month period. The full report of Sulja Bros.' financials will be posted at www.suljabros.com by March 17th, 2006.

LFWK's Ammerman stated, "The merger is coming into place, and we remain dedicated to increasing shareholder value through sound business decisions." Shortly after the merger completion with Consultech's Sulja Bros., LFWK will complete its merger with Consultech Construction Management. Inc.'s Midwest office.

There is some huge money behind the Consultech inc/Loftwerks/Sulja merger! No wonder Petar is acting the way he is!

http://www.consultech.co.in/


http://www.stockcloud.net/stock/LFWK


http://www.loftwerks.com/


http://newsblaze.com/story/2006030310492200001.mwir/topstory.html

LoftWerks Announces Details on $10M Acquisition Capital
NASHVILLE, TN -- (MARKET WIRE) -- February 16, 2006 -- LoftWerks, Inc. (OTC: LFWK) announced today further details regarding an imminent $10M Financing Facility.
Property acquisition capital totaling $10M has been arranged by Consultech Construction Management, Inc. (“Consultech”) as part of their proposed merger. Per the terms of the pending merger, the funding will be structured as a convertible debt instrument, which includes a provision to absolve the debt when the merger is closed.
“This is a big step in solidifying the merger with Consultech. Consultech believes in our business model enough to put up $10M to facilitate the acquisition of inner-city properties. An essential for LoftWerks to, simultaneously, handle multiple markets. The agreement calls for funding in 2-4 weeks and we have identified up to seven properties that meet LoftWerks’ criteria for desirable, second-tier regional urban centers that are best suited for our vision of urban renewal. We will be laying out our plans as they unfold,” Dennis Ammerman, CEO of LoftWerks, said.
Consultech Director-General, Petar Vucicevich, said, “The merger process, to this point, has been very smooth. The $10M funding was pending LoftWerks' completion of its financial disclosures as a service to its shareholders, per our agreement. As many shareholders have seen, LoftWerks just filed its quarterly reports and we believe it is in both parties’ best interest to complete the financing ahead of the merger completion. We look forward to joining our efforts and resources with LoftWerks.”
LoftWerks, founded in 1994, specializes in urban real estate redevelopment, by acquiring underutilized, strategically located, buildings with profit potential. LoftWerks’ target market is the home buyer who prefers suburban living alternatives, in revitalized metropolitan centers, to suburbia.
Consultech Construction Management, Inc. is one of only seven, designated "Master Builders" on the North American Continent and in Europe.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
LoftWerks Announces Merger Initiation With Consultech: Sulja Bros. Building Supplies, LTD. to Be Primary Distributor for Post-Merger Projects

LoftWerks, Inc. (OTC: LFWK) today announced that the first phase of its merger with Consultech Construction Management, Inc. has been initiated. Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations has begun merger protocols with LFWK. The move solidifies the certainty of Consultech's imminent migration into the LFWK public vehicle. Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.
LoftWerks CEO Dennis Ammerman stated that the primary reasons for selecting Sulja Bros. for this position were its lengthy tenure in the industry, and the company's ability to retain its large and loyal customer base at percentages practically unheard of in industries across the board -- particularly in the construction industry where builders and sub-contractors invariably target the lowest prices for materials expressed or implied) will not be realized..
A spokesperson for Consultech Construction Management fully condoned the Sulja migration. Consultech has owned the business for nearly ten years and stated that this particular appointment consolidates the three primary aspects of the industry: materials, design and management.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise Its forward-looking statements even if experience or future changes make it clear that any projected results

Yes it is read it!

Who now is the owner of Consul-tech inc.? Whoever it is they are pulling all the strings now including Petars.

http://www.consultech.co.in/


http://www.stockcloud.net/stock/LFWK


http://www.loftwerks.com/


http://newsblaze.com/story/2006030310492200001.mwir/topstory.html

LoftWerks Announces Details on $10M Acquisition Capital
NASHVILLE, TN -- (MARKET WIRE) -- February 16, 2006 -- LoftWerks, Inc. (OTC: LFWK) announced today further details regarding an imminent $10M Financing Facility.
Property acquisition capital totaling $10M has been arranged by Consultech Construction Management, Inc. (“Consultech”) as part of their proposed merger. Per the terms of the pending merger, the funding will be structured as a convertible debt instrument, which includes a provision to absolve the debt when the merger is closed.
“This is a big step in solidifying the merger with Consultech. Consultech believes in our business model enough to put up $10M to facilitate the acquisition of inner-city properties. An essential for LoftWerks to, simultaneously, handle multiple markets. The agreement calls for funding in 2-4 weeks and we have identified up to seven properties that meet LoftWerks’ criteria for desirable, second-tier regional urban centers that are best suited for our vision of urban renewal. We will be laying out our plans as they unfold,” Dennis Ammerman, CEO of LoftWerks, said.
Consultech Director-General, Petar Vucicevich, said, “The merger process, to this point, has been very smooth. The $10M funding was pending LoftWerks' completion of its financial disclosures as a service to its shareholders, per our agreement. As many shareholders have seen, LoftWerks just filed its quarterly reports and we believe it is in both parties’ best interest to complete the financing ahead of the merger completion. We look forward to joining our efforts and resources with LoftWerks.”
LoftWerks, founded in 1994, specializes in urban real estate redevelopment, by acquiring underutilized, strategically located, buildings with profit potential. LoftWerks’ target market is the home buyer who prefers suburban living alternatives, in revitalized metropolitan centers, to suburbia.
Consultech Construction Management, Inc. is one of only seven, designated "Master Builders" on the North American Continent and in Europe.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
LoftWerks Announces Merger Initiation With Consultech: Sulja Bros. Building Supplies, LTD. to Be Primary Distributor for Post-Merger Projects

LoftWerks, Inc. (OTC: LFWK) today announced that the first phase of its merger with Consultech Construction Management, Inc. has been initiated. Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations has begun merger protocols with LFWK. The move solidifies the certainty of Consultech's imminent migration into the LFWK public vehicle. Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.
LoftWerks CEO Dennis Ammerman stated that the primary reasons for selecting Sulja Bros. for this position were its lengthy tenure in the industry, and the company's ability to retain its large and loyal customer base at percentages practically unheard of in industries across the board -- particularly in the construction industry where builders and sub-contractors invariably target the lowest prices for materials.
A spokesperson for Consultech Construction Management fully condoned the Sulja migration. Consultech has owned the business for nearly ten years and stated that this particular appointment consolidates the three primary aspects of the industry: materials, design and management.

I have a friend that has agreed to fly his corporate jet for me to visit Petar if I don't see something today that holds to the truth! I will leave in the am and will stay as long as necessary. So I am holding untill he and I have a coffee or the statement tonight, which ever comes first! I will keep everyone posted!

True. Also remember Petar is in a legal battle with the lumber mill that SLJG was supose to buy, and then the mill backed out due to the tariff repayments. Along with agressively developing his back yard, he must be in some serious legal/political battles. RCMP visits, mergers, running Consultech, Kore, AF's, News paper articles and working with his lawyer associate from the UAE to satify his client (who ever it might be), I think he might have bit of a little more then he can chew!!! You Think?

I have been here for four months and have belonged to the million share club nearly as long. Be careful with your comments.

You've got the wrong person. Check the name again!

Also, he has his own company and major investment involved in the same town the news artical came out in, so clearing that up is financially more of an issue then SLJB smaller stock holders. I'm sure he responds to the bigger players involved in this asset/money/merger or what ever is going on behind the doors!

No I don't think so. They usually all in one room and well paid! They have no emotional attachment. They play on others emotions for a living. Thats why people need some experiance in pinks if they are going to invest alot and while sharring DD in this environment be prepared to stand on facts. In Pinky Land we revert back to the wild wild west! I find it both interesting and profitable. But people who spend money they can't afford to loose most often loose to their own fears! Again this is a bussiness/game of personalities, smoke and mirrors, facts and most of all, a whole lot of money! I don't invest unless the characters envolved have something to lose. In this case Petar has a lot more then his reputation on the line. Like his law degree!

Wow, with all the people here telling everyone what a scam this was, I have to keep buying! There is no way this many people would spend all their time and wisdom for free, just to tell everyone of their short commings!? I was watching and waiting for the board to dry up and only a few people stuck with loses to be left. Now there are more bashers then I have seen in several months!?

Thanks for your thoughts Fish. Plus Jantinna is still here which leads me to believe the shorts still need a few more this morning! Over the past few months this potential sonario was discussed by several people, I just didn't think it would be so difficult to hold through it!

In the news article, which company are they talking about in the first couple of paragraphs? In the last paragraph the mention him as part of SLJB. I think the company with no secretary or officers is Kore not SLJB.

I think alot of people in the area that Petar and his company are trying to develop, are not happy with the future changes! A newspaper article in a small town like that, is norm for the course in Canada! As far as Wessal goes, who really knows? There are limits to how much they can purchase daily and depending on what is going on behind closed doors, things could change with mergers. Just a simple qustion though, if Petar has a chance to substantially increase his wealth with a merger/joint venture between consultech and SLJB, why would he destroy current value? Since Loft Works, everyone knows there has been a pay back attitude floating around, so many things are up for questioning!

I know and can appreciate that. However I have been envolved with hundreds of small companies, that have almost always mist there deadlines! The issue today that I see is based on personal character. What I'm saying is, if the man was a liar and a scam, he would not have been honest about bad news, like the lost deals! There is way to much going on behind the scenes to be absolute about the big picture. However, with my experiance in judging characters, I have to believe that Petar in my opinion, just has to many irons in the fire! Only time will tell and I have lost in scams before, but I feel ok about this deal at this point.

Petar admitted to loosing the 300mil cement deal, but humbly talked of a new 90mil deal. He also said the lumber mill deal was not still on as originally drafted but was being reevaluated. Does that sound like a pump to you?

I did my DD and that is why I doubled down today! I have no fear about this company or the potential! Call me crazy, but I always make money when I do what my head says, without emotions!

I'm still buying and by all respects today was very good for me, as I cut my average price per share in half! Sometimes you just have to do the opposite of the crowd. Getting rich can't be easy!

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Phantom Entertainment, Inc. (PHEI) SqueezeTrigger Price Is $0.105


Approximately 159.1 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report

SEATTLE, Oct 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Phantom Entertainment, Inc. (OTC Bulletin Board: PHEI) announced today that BUYINS.NET, http://www.buyins.net, is reiterating coverage of Phantom Entertainment, Inc. after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 2.1 billion total aggregate shares of PHEI have traded for a total dollar value of nearly $216.3 million. The total aggregate number of shares shorted in this time period is approximately 159.1 million shares. The PHEI SqueezeTrigger price of $0.105 is the volume weighted average short price of all short selling in PHEI. The first of several short squeezes is expected to begin when shares of PHEI close above $0.007, where approximately 5 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.


Month Total Vol. Short Vol. Avg. Price Short $ Value

January '05 98,589,760 7,591,412 $0.881 $6,690,311
February 53,424,064 4,113,653 $0.413 $1,696,882
March 30,475,040 2,346,578 $0.341 $800,887
April 41,007,272 3,157,560 $0.207 $652,036
May 46,319,192 3,566,578 $0.152 $543,190
June 65,672,296 5,056,767 $0.115 $583,045
July 44,218,168 3,404,799 $0.095 $323,115
August 82,349,600 6,340,919 $0.074 $471,764
September 35,324,700 2,720,002 $0.050 $135,728
October 113,862,992 8,767,450 $0.031 $273,544
November 96,426,256 7,424,822 $0.015 $112,857
December 105,201,928 8,100,548 $0.017 $136,089
January '06 143,335,072 11,036,801 $0.019 $210,803
February 286,032,832 22,024,528 $0.132 $2,916,048
March 164,791,248 12,688,926 $0.026 $324,837
April 132,410,760 10,195,629 $0.021 $209,010
May 115,663,400 8,906,082 $0.016 $140,716
June 133,521,448 10,281,151 $0.018 $189,173
July 51,323,336 3,951,897 $0.015 $57,303
August 96,496,368 7,430,220 $0.014 $100,308
September 63,850,664 4,916,501 $0.011 $51,623
October 66,501,944 5,120,650 $0.007 $37,381

Total: 2,066,798,340 159,143,472 $0.105 $16,656,651

* short volume is approximated using a proprietary algorithm.
** average short price is calculated using a volume weighted average
short price.
*** short volume is the total short trade volume and does not account for
covers.


PHEI On OTCBB Naked Short Threshold List

On List Off List # Days

January 21, 2005 September 6, 2005 158
December 14, 2005 December 29, 2005 5
January 23, 2006 January 31, 2006 7
March 27, 2006 April 11, 2006 12
June 9, 2006 June 26, 2006 12


Phantom Entertainment, Inc. has been on the OTCBB Naked Short Threshold list 5 times under the symbols IFLB and IFLBE. Brokerage firms have been out of compliance with Regulation SHO once. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Phantom Entertainment, Inc. (PHEI) SqueezeTrigger Price Is $0.105


Approximately 159.1 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report

SEATTLE, Oct 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Phantom Entertainment, Inc. (OTC Bulletin Board: PHEI) announced today that BUYINS.NET, http://www.buyins.net, is reiterating coverage of Phantom Entertainment, Inc. after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 2.1 billion total aggregate shares of PHEI have traded for a total dollar value of nearly $216.3 million. The total aggregate number of shares shorted in this time period is approximately 159.1 million shares. The PHEI SqueezeTrigger price of $0.105 is the volume weighted average short price of all short selling in PHEI. The first of several short squeezes is expected to begin when shares of PHEI close above $0.007, where approximately 5 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.


Month Total Vol. Short Vol. Avg. Price Short $ Value

January '05 98,589,760 7,591,412 $0.881 $6,690,311
February 53,424,064 4,113,653 $0.413 $1,696,882
March 30,475,040 2,346,578 $0.341 $800,887
April 41,007,272 3,157,560 $0.207 $652,036
May 46,319,192 3,566,578 $0.152 $543,190
June 65,672,296 5,056,767 $0.115 $583,045
July 44,218,168 3,404,799 $0.095 $323,115
August 82,349,600 6,340,919 $0.074 $471,764
September 35,324,700 2,720,002 $0.050 $135,728
October 113,862,992 8,767,450 $0.031 $273,544
November 96,426,256 7,424,822 $0.015 $112,857
December 105,201,928 8,100,548 $0.017 $136,089
January '06 143,335,072 11,036,801 $0.019 $210,803
February 286,032,832 22,024,528 $0.132 $2,916,048
March 164,791,248 12,688,926 $0.026 $324,837
April 132,410,760 10,195,629 $0.021 $209,010
May 115,663,400 8,906,082 $0.016 $140,716
June 133,521,448 10,281,151 $0.018 $189,173
July 51,323,336 3,951,897 $0.015 $57,303
August 96,496,368 7,430,220 $0.014 $100,308
September 63,850,664 4,916,501 $0.011 $51,623
October 66,501,944 5,120,650 $0.007 $37,381

Total: 2,066,798,340 159,143,472 $0.105 $16,656,651

* short volume is approximated using a proprietary algorithm.
** average short price is calculated using a volume weighted average
short price.
*** short volume is the total short trade volume and does not account for
covers.


PHEI On OTCBB Naked Short Threshold List

On List Off List # Days

January 21, 2005 September 6, 2005 158
December 14, 2005 December 29, 2005 5
January 23, 2006 January 31, 2006 7
March 27, 2006 April 11, 2006 12
June 9, 2006 June 26, 2006 12


Phantom Entertainment, Inc. has been on the OTCBB Naked Short Threshold list 5 times under the symbols IFLB and IFLBE. Brokerage firms have been out of compliance with Regulation SHO once. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About BUYINS.NET

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Phantom Entertainment, Inc. (PHEI) SqueezeTrigger Price Is $0.105


Approximately 159.1 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report

SEATTLE, Oct 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Phantom Entertainment, Inc. (OTC Bulletin Board: PHEI) announced today that BUYINS.NET, http://www.buyins.net, is reiterating coverage of Phantom Entertainment, Inc. after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 2.1 billion total aggregate shares of PHEI have traded for a total dollar value of nearly $216.3 million. The total aggregate number of shares shorted in this time period is approximately 159.1 million shares. The PHEI SqueezeTrigger price of $0.105 is the volume weighted average short price of all short selling in PHEI. The first of several short squeezes is expected to begin when shares of PHEI close above $0.007, where approximately 5 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.


Month Total Vol. Short Vol. Avg. Price Short $ Value

January '05 98,589,760 7,591,412 $0.881 $6,690,311
February 53,424,064 4,113,653 $0.413 $1,696,882
March 30,475,040 2,346,578 $0.341 $800,887
April 41,007,272 3,157,560 $0.207 $652,036
May 46,319,192 3,566,578 $0.152 $543,190
June 65,672,296 5,056,767 $0.115 $583,045
July 44,218,168 3,404,799 $0.095 $323,115
August 82,349,600 6,340,919 $0.074 $471,764
September 35,324,700 2,720,002 $0.050 $135,728
October 113,862,992 8,767,450 $0.031 $273,544
November 96,426,256 7,424,822 $0.015 $112,857
December 105,201,928 8,100,548 $0.017 $136,089
January '06 143,335,072 11,036,801 $0.019 $210,803
February 286,032,832 22,024,528 $0.132 $2,916,048
March 164,791,248 12,688,926 $0.026 $324,837
April 132,410,760 10,195,629 $0.021 $209,010
May 115,663,400 8,906,082 $0.016 $140,716
June 133,521,448 10,281,151 $0.018 $189,173
July 51,323,336 3,951,897 $0.015 $57,303
August 96,496,368 7,430,220 $0.014 $100,308
September 63,850,664 4,916,501 $0.011 $51,623
October 66,501,944 5,120,650 $0.007 $37,381

Total: 2,066,798,340 159,143,472 $0.105 $16,656,651

* short volume is approximated using a proprietary algorithm.
** average short price is calculated using a volume weighted average
short price.
*** short volume is the total short trade volume and does not account for
covers.


PHEI On OTCBB Naked Short Threshold List

On List Off List # Days

January 21, 2005 September 6, 2005 158
December 14, 2005 December 29, 2005 5
January 23, 2006 January 31, 2006 7
March 27, 2006 April 11, 2006 12
June 9, 2006 June 26, 2006 12


Phantom Entertainment, Inc. has been on the OTCBB Naked Short Threshold list 5 times under the symbols IFLB and IFLBE. Brokerage firms have been out of compliance with Regulation SHO once. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Phantom Entertainment, Inc. (PHEI) SqueezeTrigger Price Is $0.105


Approximately 159.1 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report

SEATTLE, Oct 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Phantom Entertainment, Inc. (OTC Bulletin Board: PHEI) announced today that BUYINS.NET, http://www.buyins.net, is reiterating coverage of Phantom Entertainment, Inc. after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 2.1 billion total aggregate shares of PHEI have traded for a total dollar value of nearly $216.3 million. The total aggregate number of shares shorted in this time period is approximately 159.1 million shares. The PHEI SqueezeTrigger price of $0.105 is the volume weighted average short price of all short selling in PHEI. The first of several short squeezes is expected to begin when shares of PHEI close above $0.007, where approximately 5 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.


Month Total Vol. Short Vol. Avg. Price Short $ Value

January '05 98,589,760 7,591,412 $0.881 $6,690,311
February 53,424,064 4,113,653 $0.413 $1,696,882
March 30,475,040 2,346,578 $0.341 $800,887
April 41,007,272 3,157,560 $0.207 $652,036
May 46,319,192 3,566,578 $0.152 $543,190
June 65,672,296 5,056,767 $0.115 $583,045
July 44,218,168 3,404,799 $0.095 $323,115
August 82,349,600 6,340,919 $0.074 $471,764
September 35,324,700 2,720,002 $0.050 $135,728
October 113,862,992 8,767,450 $0.031 $273,544
November 96,426,256 7,424,822 $0.015 $112,857
December 105,201,928 8,100,548 $0.017 $136,089
January '06 143,335,072 11,036,801 $0.019 $210,803
February 286,032,832 22,024,528 $0.132 $2,916,048
March 164,791,248 12,688,926 $0.026 $324,837
April 132,410,760 10,195,629 $0.021 $209,010
May 115,663,400 8,906,082 $0.016 $140,716
June 133,521,448 10,281,151 $0.018 $189,173
July 51,323,336 3,951,897 $0.015 $57,303
August 96,496,368 7,430,220 $0.014 $100,308
September 63,850,664 4,916,501 $0.011 $51,623
October 66,501,944 5,120,650 $0.007 $37,381

Total: 2,066,798,340 159,143,472 $0.105 $16,656,651

* short volume is approximated using a proprietary algorithm.
** average short price is calculated using a volume weighted average
short price.
*** short volume is the total short trade volume and does not account for
covers.


PHEI On OTCBB Naked Short Threshold List

On List Off List # Days

January 21, 2005 September 6, 2005 158
December 14, 2005 December 29, 2005 5
January 23, 2006 January 31, 2006 7
March 27, 2006 April 11, 2006 12
June 9, 2006 June 26, 2006 12


Phantom Entertainment, Inc. has been on the OTCBB Naked Short Threshold list 5 times under the symbols IFLB and IFLBE. Brokerage firms have been out of compliance with Regulation SHO once. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Phantom Entertainment, Inc. (PHEI) SqueezeTrigger Price Is $0.105


Approximately 159.1 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report

SEATTLE, Oct 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- Phantom Entertainment, Inc. (OTC Bulletin Board: PHEI) announced today that BUYINS.NET, http://www.buyins.net, is reiterating coverage of Phantom Entertainment, Inc. after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 2.1 billion total aggregate shares of PHEI have traded for a total dollar value of nearly $216.3 million. The total aggregate number of shares shorted in this time period is approximately 159.1 million shares. The PHEI SqueezeTrigger price of $0.105 is the volume weighted average short price of all short selling in PHEI. The first of several short squeezes is expected to begin when shares of PHEI close above $0.007, where approximately 5 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.


Month Total Vol. Short Vol. Avg. Price Short $ Value

January '05 98,589,760 7,591,412 $0.881 $6,690,311
February 53,424,064 4,113,653 $0.413 $1,696,882
March 30,475,040 2,346,578 $0.341 $800,887
April 41,007,272 3,157,560 $0.207 $652,036
May 46,319,192 3,566,578 $0.152 $543,190
June 65,672,296 5,056,767 $0.115 $583,045
July 44,218,168 3,404,799 $0.095 $323,115
August 82,349,600 6,340,919 $0.074 $471,764
September 35,324,700 2,720,002 $0.050 $135,728
October 113,862,992 8,767,450 $0.031 $273,544
November 96,426,256 7,424,822 $0.015 $112,857
December 105,201,928 8,100,548 $0.017 $136,089
January '06 143,335,072 11,036,801 $0.019 $210,803
February 286,032,832 22,024,528 $0.132 $2,916,048
March 164,791,248 12,688,926 $0.026 $324,837
April 132,410,760 10,195,629 $0.021 $209,010
May 115,663,400 8,906,082 $0.016 $140,716
June 133,521,448 10,281,151 $0.018 $189,173
July 51,323,336 3,951,897 $0.015 $57,303
August 96,496,368 7,430,220 $0.014 $100,308
September 63,850,664 4,916,501 $0.011 $51,623
October 66,501,944 5,120,650 $0.007 $37,381

Total: 2,066,798,340 159,143,472 $0.105 $16,656,651

* short volume is approximated using a proprietary algorithm.
** average short price is calculated using a volume weighted average
short price.
*** short volume is the total short trade volume and does not account for
covers.


PHEI On OTCBB Naked Short Threshold List

On List Off List # Days

January 21, 2005 September 6, 2005 158
December 14, 2005 December 29, 2005 5
January 23, 2006 January 31, 2006 7
March 27, 2006 April 11, 2006 12
June 9, 2006 June 26, 2006 12


Phantom Entertainment, Inc. has been on the OTCBB Naked Short Threshold list 5 times under the symbols IFLB and IFLBE. Brokerage firms have been out of compliance with Regulation SHO once. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.