SLJB Sulja Bros. Building Supplies Negotiates Acquisition of Lumber Mill
Aug 17, 2006 11:03:00 AM
WINDSOR, ON -- (MARKET WIRE) -- 08/17/06 -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that it is acquiring a lumber mill with operations in both the Province of British Columbia and the State of Washington.
CEO Steve Sulja stated: "We have decided to remove the middle man in our supply chain. The acquisition of the lumber mill will decrease our finished lumber product costs by over 30%. The decrease in finished product price will make us more competitive in the North American bid process and will increase our market share of projects. More details will be released after the closing papers are completed. Sulja Bros. will strengthen and utilize the full potential of the lumber mill supply chain to create sustainable shareholder value."
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.
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