Sunday, August 06, 2006 9:06:18 PM
1. The company anticipates NET profits greater than $3M from the supply-side agreements it has attained with the Red Sea Group, an investment banking and asset management group with interests primarily in the Middle East.
2. Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.
A Wessal International spokesperson commented, "We have acquired private financing to secure the vast supplies and materials needed in the rapidly growing operations in the Middle Eastern market. This will necessitate and alleviate the capital required for such an extensive demand for building materials. The capital attained will ensure that Sulja Bros. will not use company shares to raise capital in the near or distant future, and will continue to not only maintain the upward climb towards a high price per share, but to also steadily rise towards a higher market exchange."
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