Sulja Initiatives Status Report - Updated 8/22/06 12:30 p.m. EST
**************************************************
SCORECARD:
Potential Upcoming PRs = 11
Initiatives Complete = 5
Initiatives Still a Work in Progress = 11
**************************************************
1) Balance Sheet: Balance sheet now complete, which was needed to complete the audit.
Status: Complete
Press Release Status: Released
***************************
2) Audit of Financials: Sulja, lawyers, and auditors working to complete an audit of the 2006, possibly 2005 financials.
Status: Work in Progress
Press Release Status: Upcoming
***************************
3) Asset Move Clearance from Dubai Gov't: The company has received the official clearance to move the assets from Dubai to NV.
Status: Complete
Press Release Status: Released
***************************
4) Asset Move Pay creditors and liens: Lawyers have paid all creditors and liens on the assets.
Status: Complete
Press Release Status: Released
***************************
5) Asset Move to State of NV: Provide the State of NV the assets, along with the valuation of the assets.
Status: Work in Progress
Press Release Status: Upcoming
***************************
6) Investor Relations New Office: The company will open another investor relations office. Working with a firm in NYC.
Status: Complete
Press Release Status: Released
***************************
7) Investor Relations - Shares: "No more shares being offered by Sulja". (i.e. No Dilution). Company to publish share structure.
Status: Work in Progress
Press Release Status: Released/Upcoming
***************************
8) Investment: Wessal International purchasing 25% of Sulja in open market.
Status: Work in Progress (no ETA)
Press Release Status: Released/Upcoming
***************************
9) Financing: Wessal International to arrange for private financing of 25 million for Sulja.
Status: Complete
Press Release: Released
***************************
10) Earnings 2006: Revenue: 65,487,679 Net Profit: 15,000,000
Status: Work in Progress (released but unaudited)
Press Release Status: Released/Upcoming
***************************
11) Earnings 2007: Estimate Revenue: 307,007,451 Net Profit: 93,951,965
Status: Work in Progress (does not include new deals recently announced, so the Pro Forma must be updated)
Press Release Status: Upcoming
***************************
12) Exchanges - Dubai: Company is working with one of the largest investment banks in order to be listed on the Dubai International Financial Exchange.
Status: Work in Progress
Press Release Status: Upcoming
***************************
13) Exchanges - OTCBB or NASDAQ: The company is looking to move from the Pink Sheets to another exchange. Company quote: "Our shareholders will soon see why Sulja Bros did not need to reverse split the stock to meet our up listing goals".
Status: Work in Progress
Status Report Status: Upcoming
***************************
14) Deals - Cement: The company will be distributing a major amount of cement to Dubai. The conservative estimated revenue is 180 million in the next 12 months.
Status: Complete, Distibution is a WIP
Press Release Status: Released
***************************
15) Deals - Steel: There is a also a need for large amounts of structual steel in Dubai. The company is working on a deal.
Status: Work in Progress
Press Release Status: Upcoming
***************************
16) Deals - Middle East Construction Project: Estimated revenue of 124 million in the next 12 months.
Status: Complete, Project is a WIP
Press Release Status: Released
***************************
17) Deals - Aquisition of a Lumber Mill
Status: Work in Progress
Press Release Status: Released/Upcoming
***************************
18) Auditors: The company is in negotiations with KPMG and PWC (2 of the Big 4 Accounting Firms) to take over as their auditors.
Status: Work in Progress
Press Release Status: Upcoming
***************************
and of course this is all IMO!!!
All of the above/below is in my opinion only. Please do not buy or sell based on what I have written.
