LOW FLOATERs

[SloJon]

SLJB releases share structure...

WINDSOR, ON, Aug 22, 2006 (MARKET WIRE via COMTEX) -- 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."
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The math:(by DaFloorGuy)

362 million held by insiders (162 million restricted)
...plus...
128 million in public float
...equals...
500 million authorized, total

40 million of the public float is held by insiders (who do not qualify as insiders) leaving 88 million currently on the open market. Wessal is planning on buying 25% of the authorized stock on the open market, or 125 million shares, the only way this can happen is for some of the 200 million unrestricted shares that are held by insiders to be sold, (and/or the 40 million held by insiders that don't qualify as insiders). How many of those shares get sold is anyones guess, that MAY be whats happening right now, or if it isn't it should start soon. Probably hasn't started (the 200 million anyway) because if it had, the press release wouldn't be accurate, and could be considered fraud.