InvestorsHub Logo
Followers 85
Posts 17667
Boards Moderated 4
Alias Born 05/13/2001

Re: None

Tuesday, 08/22/2006 12:55:32 PM

Tuesday, August 22, 2006 12:55:32 PM

Post# of 72830
SLJB - WINDSOR, ON, Aug 22 (MARKET WIRE) --
Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today
that the company is releasing the current share structure to the investing
public. Sulja Bros. currently has 800 million shares authorized with 500
million shares outstanding. All share counts have been rounded to the
nearest million.

CEO Steve Sulja stated: "The current outstanding shares are 500 million.
There are
362 million shares held by insiders. Of the 362 million insider shares, 162
million are restricted. There are 138 million shares in the public float.
The number of inside owners, of 10% of common class shares, decreased after the
reverse merger. The increase of outstanding shares from 200 million to 500
million excluded holders of 20 to 50 million shares from insider status.
Basically, three insiders with 40 million shares from the open market did not
meet the 10% of class rule; therefore, they are no longer considered
insiders."

This contains forward-looking information within the meaning of The
PrivateSecurities 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.


Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.