Friday, August 11, 2006 7:14:02 PM
Since Consultech owns Sulja, perhaps they are folding Consultech properties into the Sulja umbrella, before the merger with their Midwest Office happens?
Then they tie all the assets together and file necessary SEC paperwork.
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LFWK: Sulja Brothers Announce Agreement With Consultech for Building Materials in Middle East
LoftWerks,Inc. (OTC: LFWK) 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.
A company spokesperson stated that the project is expected to generate $130M in revenues over the next two years. "The initial agreement calls for us to provide primary building materials such as lumber and masonry," he explained. "We expect ancillary products to spin off additional revenues that could reach the $300M mark within three years," he said.
Then they tie all the assets together and file necessary SEC paperwork.
____________________________________________________________
LFWK: Sulja Brothers Announce Agreement With Consultech for Building Materials in Middle East
LoftWerks,Inc. (OTC: LFWK) 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.
A company spokesperson stated that the project is expected to generate $130M in revenues over the next two years. "The initial agreement calls for us to provide primary building materials such as lumber and masonry," he explained. "We expect ancillary products to spin off additional revenues that could reach the $300M mark within three years," he said.
