Tuesday, May 16, 2006 9:48:51 PM
COMPANY INFO DIRECTLY FROM PR’S
ADDITIONAL COMMENTS BY GRPIII AND THE GROUP
http://biz.yahoo.com/iw/060309/0112699.html
$$$$$MUST VIEW THE SHARE STRUCTURE$$$$$$$
500,000,000 authorized
-- 100,000,000 control block held by Ammerman
-- 200,000,000 in Treasury earmarked for Consultech ownership during andafter takeover
-- 50,000,000 in certificate form, owned by enumerated insiders and NOT TRADING.
-- An additional 78,000,000 owned in various certificate and electronic form that is also held by LFWK insiders and accounted for as not currently trading.
-- Leaving approximately 72,000,000 free-trading shares in the public
float (50M of which can be accounted for by LFWK management as issued to non-insiders).
HERE IS THE LINK. CHECK THE FLOAT YOURSELF.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=583863
OK IF THAT IS TO HARD. THINK THIS. THE ENTIRE FLOAT OF LFWK IS CURRENTLY 17 MILLION SHARES. 17 MILLION SHARE FLOAT.
40MILLION IN EARNINGS (LOW ESTIMATE) / 500MILLION SHARES = .09 CENTS A SHARE. AN EASY 325% GAIN FROM THE CLOSE ON 5/5/06
WITH THE MAJORITY OF THE SHARES LISTED ABOVE BEING IN THE HANDS
OF THE COMPANY AND INSIDERS AND/OR RESTRICTED IT IS EASY
TO ASSUME THAT THE PRICE WILL SKYROCKET FROM THESE LOW LEVELS
BASED ON THE 17MILLION SHARE FLOAT.
LoftWerks/Sulja Bros.: Render Filings to Complete Merger
Thursday May 11, 1:52 pm ET
WINDSOR, ON--(MARKET WIRE)--May 11, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced that Sulja Brothers Building Materials, Ltd. has posted the necessary filings to finalize the merger agreement it has in place with the Loftwerks, Inc. (LFWK) public, and that the entire process should be completed in only a few days.
Counsel, the Gottbetter Firm in NYC, has submitted the required SEC documentation, namely the form 15C(211). A Sulja spokesperson stated that the transition to a public market should not occur later than 5-7 days from now. "Our merger into the LFWK public vehicle allows us the opportunity to advance our presence into broader exchanges," said Steven Sulja, CEO of Sulja Bros. "Our ultimate goal is just that...to put The Company in front of a larger audience and prove our ability as a producer of long-term shareholder value."
All financial reports and filings will be available for public viewing on The Company's web site at www.sulja.com.
We are all familiar with the damage done in the Gulf Coast area especially in Mississippi and Louisiana areas when hurricane Katrina rolled through the area last year. We are not the only ones aware so are many building, constructions companies and so is LoftWerks/Sulja. Opportunities present themselves to companies that are fast to establish themselves to assist in rebuilding cities/areas such as Gulf ports Biloxi and New Orleans.
In addition we are watching LoftWerks expand into the Middle East "completing negotiations for the land and construction of a 280 room exclusive luxury hotel on the Al Reem Island, in Abu Dhabi, UAE, cost of acquiring the land on Al Reem Island is $29M, cost of construction of the luxury hotel is estimated at $645M, both the land and financing for this project have been secured as of yesterday."
Project Financing & Legal Services
I believe Adam S. Gottbetter's firm Gottbetter Capital will be used for all financing needs for the ventures the combined companies LoftWerks, Sulija Bros. & Consultech. "Mr. Gottbetter has created a one-stop shop approach to legal and finance services for micro cap public companies."
Adam S. Gottbetter is the CEO of Gottbetter Capital, a hedge fund which provides structured investments to public companies and to private companies as part of a committed going public transaction. The Fund relies on a variety of structures including convertible securities, self-liquidating debentures, equity line financings, and at-the-market offerings for opportunistic, distressed and development stage public companies to meet their working capital and acquisition financing needs.
For additional information visit: http://www.gottbettercapital.com
Adam S. Gottbetter is the Managing Partner of Gottbetter & Partners, LLP, a law firm which offers corporate, securities and M&A legal services to support the corporate finance services of public companies seeking access to the capital markets as well as private companies as part of a committed going public transaction. Mr. Gottbetter specializes in reverse merger transactions and an alternative structure for taking companies public called a "GPO", or Gottbetter public offering, in which a company takes itself public without an underwriter. Since 1993 Mr. Gottbetter has created a one-
stop shop approach to legal and finance services for micro cap public companies.
For more information visit the company's website at:
http://www.gottbetter.com/
“About "The Gulf Coast: Road To Renewal"
More than seven months after Hurricane Katrina struck New Orleans and the Gulf Coast, the region is hardly back to normal. Fewer than half of New Orleans residents have returned since the storm, and 9.9% of Mississippi residents remain unemployed -- more than double the national average. But there are some hopeful signs. Rebuilding plans are starting to take shape, and Federal funds are beginning to flow to affected areas.
So what is the status of rebuilding efforts? As individuals struggle to piece their lives back together, are they getting the help that they need? And how will the Gulf Coast that emerges from the damage compare with the one that existed before Katrina?” Source Nightly Business Report
LoftWerks/Sulja / Consultech Construction Management, Inc.'s Midwest office
“After merging with Sulja Bros. Building Supplies, Ltd., LFWK will finalize the full reverse transaction with Consultech Construction Management, Inc.'s Midwest office.” Source press release, 03/13/06.
The merged companies LoftWerks, Inc and Sulja Brothers Building Materials, Ltd along with the parent company of Sulja Bro. Consultech Construction Management, Inc., have plans to make their presence known in the MidWest andGulf Coast Regions. Once LoftWerks/Sulja merge “LFWK will finalize the reverse transaction with Consultech Construction Management, Inc.'s Midwest office” is complete the combined companies will have a large presence in the Gulf CoastSource press release, 03/13/06.
Recent press releases indicate the presence LoftWerks/Sulja has planned for the Gulf Coast regions that we ravaged by Hurricane Katrina. Also LoftWerks/Sulja is focusing on the Midwestern region of the United States. LoftWerks/Sulja is building “two state of the art lumber distribution” centers one in Detroit and an “identical facility in Louisiana, just outside of the New Orleans metropolitan area.” “Petar Vucicevich, Director-General of Consultech Construction Management, Inc., the parent company of both LoftWerks and Sulja Brothers, identified the end of June 2006 as the projected completion date for the Detroit facility. "Sulja Brothers should realize revenues in excess of $22 Million by the end of its fiscal year with the addition of this completed facility," he said. "We expect similar revenue generation when the Louisiana facility comes on-line." Source 04/11/06 press release.
Sulja Bros. Valuation Hard Assets .05 per share
In the March 7th Press Release there is a paragraph about hard assets and current average annual revenue.
"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."
Source Link: http://biz.yahoo.com/iw/060307/0112383.html
With 500,000,000 shares issued divided into $25,000,000 this is hard per share value of .05 cents per share with no multiple.
LoftWerks/Sulja New CEO Steve Sulji & Other Interim Board of Directors
CEO: Steve Sulja
“Spokesmen for both of these companies confirm that revenues have increased by a minimum of 150% during Mr. Sulja's tenure in these positions.”
Who better for the merger combination of LoftWerks/Sulja to name as CEO to head up these expanding operations then the dynamic Steve Sulji, 38, who has held the position of “Director of Sales and Marketing for both Consultech Construction Management, Inc., a position he has held for five years at Sulja Brothers Building Materials, Ltd., where he has been for the last ten years.” The dynamic Mr. Sulji was excited in his response about capturing these additional markets commenting, “"I am ready to hit the ground running in the implementation of some new ideas concerning expansion and the capturing of additional market share, and I am grateful that the Board of Directors has shown its confidence in my leadership."” Source 04/11/06 press release. This young dynamic CEO is just what shareholders need as LoftWerks/Sulja enter into the Detroit and the Gulf Coast markets that were ravaged by Hurricane Katrina.
President:: Leo Joseph Meloche
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.
Secretary: Leslie A. Budway
Ms. Budway is currently in-house credit analyst for Sulja Brothers, a position she has held for six years.
Toronto, Ontario & Hurricane Katrina Loft Projects
Readers if you don’t understand what Loft apartments are do a Google search for the area you live in then read what has been taking place throughout the United States metropolitan areas for the last 15 years. Loft apartments are rented and sold for major money. For many years in the Portland, Oregon area older historical buildings have been converted to loft style living. Many inter-city workers like the downtown atmosphere and living close to work and inexpensive transportation such as bus and trolley. These lofts are not cheap renting for $1,000 plus per month and are sold for hundreds of thousands http://www.portlandlofts.com/ . Rental and sale costs are closely related no matter where lofts are built this should especially be true in the New Orleans and Ontario areas. The historical buildings located in these areas can be converted supplying housing for many.
Katrina loft projects have a sexy appeal to investors. As an investor this allows me an avenue to participate in an investment vehicle that I would have never dreamed possible. I can imagine the amount of Loft conversions in this historical building rich gulf coast area that exists for LoftWerks/Sulja as they establish their presence.. Add the outlying areas and Mississippi regions to the loft projects this is a HUGE REVENUE stream for the merged LoftWerks/Sulja Bros. combination. LoftWerks/Sulja “second project will commence in the Gulfport/Biloxi region of Mississippi, and will focus on new construction in areas hard hit by Hurricane Katrina. A spokesperson for Consultech Construction Management, which will be over-seeing the project, stated that input from local experts would be sought to determine areas of greatest need for housing and commercial construction.” Source press release, 04/12/06. Louisiana New Orleans area itself could keep a loft project company busy for many years. The possibilities are huge for the company and to participate as an investor is also huge for nice percentage returns on our investment money.
Robotic-enhanced Truss Manufacturing Facilities
LoftWerks/Sulja announced their plans to build and operate “two automated, robotic-enhanced truss manufacturing facilities in the markets of Kitchner, Toronto, Ontario Canada and in the Gulf Dale/Biloxi Mississippi area (both announced previously as target niche markets by a company spokesman).”
LoftWerks/Sulja will have an enormous cash cow once these two facilities are finished. “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 Press Release, 04/13/06. These sites don’t need fine tuning because Sulja has a running facility so constructing and operating two more projects should be completed with ease.
LoftWerks Expands to New Projects in the Middle East
Recently, CEO Steve Sulja, announced "Consultech Construction Management Inc.'s Director General Petar Vucicevich has been in the Middle East for the past 4 days completing negotiations for the land and construction of a 280 room exclusive luxury hotel on the Al Reem Island, in Abu Dhabi, UAE."
Tracey Banumas, Director of Operations for CCMI stated that the cost of acquiring the land on Al Reem Island is $29M, cost of construction of the luxury hotel is estimated at $645M, both the land and financing for this project have been secured as of yesterday. The anticipated start date on the hotel construction will be mid 2007,
LoftWerks Share Structure & Short Seller Captured Capital
As insiders buy shares of LFWK they state they control more shares then the actual float. They have actually made their own phrase to define what they have done it’s called "Short Seller Captured Capital".
“CEO Dennis Ammerman stated; "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.' Insiders have expressed interest in selling blocks of shares back to the company at a later date. The shares can be introduce back into the market after LoftWerks' plans are executed, and the short sellers can complete their buy-in at a much higher price. Short Seller Captured Capital will prevent dilution of the current shareholders' value while providing insulation to the current shareholder from the effects of high-volume sell-offs."” Source Press Release 03/13/06.
Dividends
Add in dividends mentioned in the 03/13/06 press release and anyone or any market maker short LFWK has trouble coming for them. "CEO Dennis Ammerman and a Consultech company representative are currently reviewing a plan to issue regular dividends to stockholders."
"The plan calls for a regular quarterly dividend of $0.0025. The 300 million shares represented by Consultech and LFWK CEO Dennis Ammerman will return the dividend to the company's Operations Accounts. Two Insiders that represent 86 million shares have agreed to return the dividend to the company as well.
CEO Dennis Ammerman announced today, "The dividend is being designed to minimize effects to company profits yet incur maximum damage to the short position in our stock."
Projected Gross Revenue, Net Revenue & Related Costs
The projected Revenue and costs of projects in recent press releases indicate the completed merger is huge. "It is projected that once Sulja Bros. settles into its new role, revenues should reach $200M annually within a twenty-four month period."
Biloxi, Mississippi: Construction of 300 permanent residential units and several commercial properties will begin May 1st 2006 300 units will range in price from $ 80,000 to $ 185,000 The cost of construction is estimated to be $ 29 M. Net profit margin is estimated to exceed 28% sales. equals $ $8.1 Million plus net profit margin
-New buildings in Louisville, KY. The collective purchase price is $3.98M. The estimated net profit upon project completion is $1.8M.
-Savannah, Georgia, and New Orleans, Louisiana $8M (USD) will be allocated as the initial budget for property acquisition.
-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 LFWK News Releases: http://finance.yahoo.com/q/h?s=LFWK.PK
Al Reem Island is The Real Deal
"CEO Steve Sulja in Windsor, Ontario announces today that Consultech Construction Management Inc.'s Director General Petar Vucicevich has been in the Middle East for the past 4 days completing negotiations for the land and construction of a 280 room exclusive luxury hotel on the Al Reem Island, in Abu Dhabi, UAE....the cost of acquiring the land on Al Reem Island is $29M, cost of construction of the luxury hotel is estimated at $645M, both the land and financing for this project have been secured as of yesterday."
Source Link: http://biz.yahoo.com/iw/060421/0124378.html
LFWK WEBSITES: COMPLETE LIST!
http://www.suljabros.com
http://www.loftwerks.com
http://www.loftwise.com
http://consultechconstruction.com
http://www.ibp-usa.com
http://koreintl.com
http://www.vgic.biz
LoftWerks/Sulja Releases Exchange Move Progress
Friday May 5, 1:30 pm ET
WINDSOR, ON--(MARKET WIRE)--May 5, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) announces that it will file its Form 10 registration for the NASD OTC bulletin board with the Securities and Exchange Commission within the next 14 business days. With the announcement of the completed merger and audited financials, Loftwerks has positioned itself for the Form 10 filing.
loftWerks/Sulja Bros. Complete Audit
Friday May 5, 12:37 pm ET
WINDSOR, ON--(MARKET WIRE)--May 5, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced that Sulja Brothers Building Materials, Ltd. has completed their audit process for upcoming financial reports, and that the information will soon be posted on the company's web site.
The auditing firm, with locations in Canada, The U.S., and Europe finalized the process yesterday. A Sulja spokesperson stated that the transition to a public market could not occur at a better time. "Our merger into the LFWK public vehicle and the full slate of viable and on-going projects will allow us the opportunity to advance our presence into broader exchanges," said Steven Sulja, CEO of Sulja Bros. "Our ultimate goal is just that...to put The Company in front of a larger audience and prove our ability as a producer of long-term shareholder value."
LoftWerks/Sulja Completes Audited Company Financials
Friday May 5, 12:34 pm ET
WINDSOR, ON--(MARKET WIRE)--May 5, 2006 -- LoftWerks Inc. (Other OTC:LFWK.PK - News) announces its first exchange move milestone has been achieved. On May 4th, 2006, the merged company of LoftWerks Inc. and Sulja Brothers Building Supplies completed audited financials. The audits were conducted by a premier international accounting firm. The financials were submitted to the Company Directors and Gottbetter & Partners, LLP on the same day.
-PARTIAL CLIENT LIST- LOFTWERKS,CONSULTECH AND KORE
Seltzer Management Group, Panama City Beach, Florida
First Housing, Tampa, Florida
SouthTrust Bank, Orlando, Tampa, Florida
City National Bank, Miami, Florida
Key Bank, Tampa, FL, Cincinnati, Ohio, Indianapolis, IN
SunTrust Bank, Tampa & St. Petersburg, FL, Atlanta, Georgia
Bank of America, Tampa, Winter Park & Miami, Florida,
Walnut Creek, California; Houston, Texas
Republic Bank, Port Richey, St. Petersburg & Orlando, Florida
SouthTrust Corporation, Birmingham, AL
AmeriNational , Tampa, FL, Downey, CA
First Union Bank, Jacksonville, Florida
GMAC, Philadelphia, PA
L.A.M. Management, Inc. Venice, Florida
LELY Development Corporation., Ft. Myers, Florida
Bay Cities Bank, Tampa, Florida
Continental Wingate Associates, Inc. Needham, MA
The PNC Financial Services Group, Pittsburgh, PA
Landmar Enterprises, Inc. Philadelphia, PA
The Wilson Company, Tampa, Florida
CitiBank, New York, New York
CED Capital Holdings, Maitland, Florida
J. P. Morgan Chase & Co., New York, New York
Related Capital Company, New York, New York
Royal Castle Development Corporation, North Miami, Florida
The Carlisle Group, Coconut Grove, Florida
The Cornerstone Group, Coral Gables, Florida
Pinnacle Housing Group, Miami, Florida
Consultech: Sulja Bros. Building Supplies, LTD. to Be Primary Distributor for Post-Merger Projects
Friday March 3, 1:49 pm ET
NASHVILLE, TN--(MARKET WIRE)--Mar 3, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) 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.
LFWK: Sulja Brothers Announce Agreement With Consultech for Building Materials in Middle East Monday May 1, 1:40 pm ET
WINDSOR, ONTARIO--(MARKET WIRE)--May 1, 2006 -- LoftWerks,Inc. (Other OTC:LFWK.PK - News) today announced that Sulja Brothers Building Materials, Ltd. will be involved in supplying building materials to Consultech Construction Management for a resort development on Al Reem Island in Abu Dhabi, UAE. Sulja will be involved in this project as a result of negotiations conducted in Abu Dhabi by Consultech Director-General Petar Vucicevich. "There is a real need for this relationship because of the lack of primary building materials on the Island, specifically, and in the Middle Eastern region generally," said Vucicevich. "As the parent company of both Consultech and Sulja Brothers, we have the unique ability to bring all the necessary parties together to undertake this project," he concluded.We expect ancillary products to spin off additional revenues that could reach the $300M mark within three years," he said.A company spokesperson stated that the project is expected to generate $130M in revenues over the next two years.
130MILLION IN TWO YEARS. SAY 30 MILLION GOES TO THE BOTTOM LINE
30MILLION EARNINGS/ 500MILLION SHARES = .06 SHARE EPS.
.06 EPS WILL BE IN ADDITION TO OUR OTHER REVENUES & EARNINGS
LoftWerks (LFWK) Announces New Projects in the Middle East Region
Friday April 21, 12:36 pm ET
WINDSOR, ON--(MARKET WIRE)--Apr 21, 2006 -- New LoftWerks (Other OTC:LFWK.PK - News) CEO Steve Sulja in Windsor, Ontario announces today that Consultech Construction Management Inc.'s Director General Petar Vucicevich has been in the Middle East for the past 4 days completing negotiations for the land and construction of a 280 room exclusive luxury hotel on the Al Reem Island, in Abu Dhabi, UAE. tracey Banumas, Director of Operations for CCMI stated that the cost of acquiring the land on Al Reem Island is $29M, cost of construction of the luxury hotel is estimated at $645M, both the land and financing for this project have been secured as of yesterday. The anticipated start date on the hotel construction will be mid 2007, and to be completed by mid 2009. Abu Dhabi, United Arab Emirates is one of the busiest and fastest growing areas in the world. Average hotel occupancy rates in Abu Dhabi are over 92%, and increasing steadily with the onset of businesses moving into the new hub of the Eurasian market.
ONE OF THE STRONGEST HOTEL MARKETS ON THE PLANET. DD IT YOURSELF. FINANCING ALREADY IN PLACE. NO CD ‘S-8’S
LFWK /Sulja Bros. Merger Leads to Lumber Supply Agreement With Liberian Government
Wednesday April 19, 2:06 pm ET
Margin on Staple Could Increase From 12% to 31%
WINDSOR, ON--(MARKET WIRE)--Apr 19, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) 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 sanction
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.
ALL THOUGH LIBERIA TIMBER IS NOW SANCTIONED. WITH THIS AGREEMENT IN PLACE WITH THE NEW PRESIDENT. SULJA WILL
HAVE PRIORITY ON ACCESSING THEIR TIMBER WHICH IS THEIR
3 MOST IMPORTANT EXPORT DECREASING THEIR LUMBER COSTS
BY 25%.
Sulja Bros. Set to Inherit LFWK Vehicle: CEO in Windsor Vows Broader Exchanges for New Company
Tuesday April 18, 3:44 pm ET
NASHVILLE, TN--(MARKET WIRE)--Apr 18, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced that its new ownership, Sulja Bros. Specialized Building Materials, Ltd., will immediately set a course toward a broader exchange board such as the OTCBB or even NASDAQ. Newly Appointed CEO, Steven Sulja, in Windsor, Ontario stated earlier today that "the LFWK trading vehicle is just that...a 'vehicle' to move us into a broader more substantial audience."
LoftWerks, Inc. (LFWK)/Sulja Bros. Announces Two Manufacturing Facilities
Thursday April 13, 1:03 pm ET
Truss and Wall-Panel Robotics Facilities Will Increase Niche Production 300% Over Current Segment in Canada
NASHVILLE, TN--(MARKET WIRE)--Apr 13, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) 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).
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.
4 MILLION X 300% = 12MILLION DOLLARS \ 1 YEAR = 6 MILLION BY DECEMBER 2007
LoftWerks/Sulja Team to Begin Two New Projects
Wednesday April 12, 2:33 pm ET
Ontario and Mississippi Ventures Should Generate $100M
NASHVILLE, TN--(MARKET WIRE)--Apr 12, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced that two post-merger projects with Sulja Brothers Building Materials, Ltd. have been slated for late-2006 starts. The first project, located in the Kitchner area of Toronto, Ontario, will feature conversions of older buildings into loft apartments and retail space. A company spokesperson explained that construction should commence within 120 days and be completed in approximately 18 months. The company expects to put $9-12M into the project, with pre-sale and final revenues exceeding $50M. This will be the first "non in-house" post-merger project, with LFWK providing consulting advice and design. "We think this is the ideal location, based on proximity to our various contributing components such as Kore International Construction Management and Consultech, and will allow us to smoothly integrate our efforts," said the Spokesperson.
LFWK/Sulja First Plans for Expansion
Tuesday April 11, 1:00 pm ET
Projected at $22M Within One Year
NASHVILLE, TN--(MARKET WIRE)--Apr 11, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced its first post-merger project with new partner, Sulja Brothers Building Materials, Ltd. This project involves the development and construction of a state of the art lumber distribution center in the Detroit area. LoftWerks Chairman of the Board Dennis Ammerman will consult on the construction of the facility, and will utilize materials from this location for all urban revitalization projects in the Midwestern region of the United States. "This facility will greatly enhance our productivity and efficiency through coordinated material acquisition," he said. "It will help us control costs, and streamline our distribution process."
Petar Vucicevich, Director-General of Consultech Construction Management, Inc., the parent company of both LoftWerks and Sulja Brothers, identified the end of June 2006 as the projected completion date for the Detroit facility. "Sulja Brothers should realize revenues in excess of $22 Million by the end of its fiscal year with the addition of this completed facility," he said. "We expect similar revenue generation when the Louisiana facility comes on-line."
LFWK related websites. There seems to be periodic confusion on this board regarding the websites involved with the merger. So, please bookmark these for future reference. Sorry, forgot Consultech in my first website post.
http://www.suljabros.com
http://www.loftwerks.com
http://consultechconstruction.com/
http://koreintl.com
http://www.vgic.biz
http://www.gottbetter.com
SULJA BROS SHOULD REALIZE REVENUES OF 22MILLION BY EOY 2006
READ IT AGAIN 22 MILLION. SAY THEY RETAIN 18 MILLION IN EARNINGS
UPDATED OFFICERS FOR UPDATED 5/9/06
LOFTWERKS INC.
Business Entity Information
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=583863
Status: Active on 5/9/2006 File Date: 4/19/2005 9:13:58 AM
Type: Domestic Corporation Corp Number: E0226382005-5
Qualifying State: NV List of Officers Due: 4/30/2007
Managed By: Expiration Date:
Resident Agent Information
Name: CRA OF AMERICA, INC. Address 1: 3638 N. RANCHO DRIVE
Address 2: SUITE 6 City: LAS VEGAS
State: NV Zip Code: 89130
Phone: Fax:
Email: Mailing Address 1:
Mailing Address 2: Mailing City:
Mailing State: Mailing Zip Code:
View all business entities under this resident agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 500,000.00
Par Share Count: 500,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers
Secretary - LESLIE A BUDWAY
Address 1: 3638 N RANCHO Address 2:
City: LAS VEGAS State: NV
Zip Code: 89130 Country:
Status: Active Email:
Treasurer - LESLIE A BUDWAY
Address 1: 3638 N RANCHO Address 2:
City: LAS VEGAS State: NV
Zip Code: 89130 Country:
Status: Active Email:
President - LEO JOSEPH MELOCHE
Address 1: 3638 N RANCHO Address 2:
City: LAS VEGAS State: NV
Zip Code: 89130 Country:
Status: Active Email:
Director - STEVE SULJA
Address 1: 3638 N RANCHO Address 2:
City: LAS VEGAS State: NV
Zip Code: 89130 Country:
Status: Active Email:
THIS SAYS IT ALL KABOOM !!!!!!!!!!!!
http://www.prweb.com/releases/2006/3/prweb355943.htm
MORE INFORMATION TO COLLECTED SHORTLY. IF YOU HAVE FINANCIAL DATA, PLEASE EMAIL IT OR IM ME WITH IT AS THIS WILL BE OUR NEXT
FORAY INTO CORRECT COMPANY PRICING.
Cheers,
GRPIII
gprioleau@priinvestmentgroup.com
IM ME ON YAHOO AS GPIMPORTS
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