LoftWerks, Inc. (OTC: LFWK) today announced
that a Liberian supplier of mid- and high-grade lumber cut to traditional
North American building lengths and standards will finalize a Preferred
Vendor Status Contract with Sulja Bros. as soon as is practical considering
the sanctions soon to be lifted from the Liberian timber industry.
A Liberian official earlier said that the country is embarking on a
vigorous post-conflict Economic Recovery Program with the intent of placing
the country on a viable economic path.
The supply-side contract could increase margins by as much as 19% (12-31%)
per annum. The dialogue has also opened venues for further transactions
that include Sulja actively seeking out North American suppliers of
traditional staples and infrastructure materials like asphalt, low-cost,
modular housing structures, and even rice.
Petar Vucicevich, Director General of Consultech Construction Management,
Inc., also re-iterated (from an earlier release) that revenue projections
for Sulja should exceed $50 million for the twelve-month period following
the completion of the merger and the broader market opportunities that
await the post-merger Sulja Bros. The financial reports for Sulja Bros.
are available for viewing at www.suljabros.com.
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.
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