**** Some statements that should be reviewed....revised ****
~ We are clearly not a start-up company, but we are careful about protecting our money invested in a joint venture. The company financial audits will be completed in a couple of weeks. Then a Form 10 will get our company to the OTCBB. Clearly, this is not our final goal. We will seek a NASDAQ listing. The company is making enough net profits to easily justify the NASDAQ move. Our long term investors know we are worth more and within a year, we will give them one of the greatest short term returns in the stock market."
~ "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.
~ The State of Nevada has received the assets. The balance sheet has been sent to our auditor and we expect to have the audited financials completed in mid-September. We are pleased to update our shareholders of the asset and audit progress. KPMG and Price Waterhouse Coopers will complete the audit and the assets are contained in the upcoming audited financials.
~ A Red Sea spokesperson commented: "The joint venture includes the supply of lumber and other building materials for 3 new developments in Dubai and Abu Dhabi. Sulja Brothers is expediting supply chains to meet the immediate groundbreaking."
Sulja Brothers' growth rate in the Middle East is astounding. This joint venture with Emaar Properties opens up possibilities for more projects in the near future and increases our market share in the Middle East."
~ Sulja Brothers Building Supplies, Ltd. is meeting with Consultech Construction Management and Emaar Properties, in Germany, to finalize a major construction and supply agreement.
A Wessal International Group spokesperson commented: "The deal with Emaar Properties will generate $124 million in revenue over the next 12 months for Sulja Brothers."
~ Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.
A Wessal International spokesperson commented, "We have acquired private financing to secure the vast supplies and materials needed in the rapidly growing operations in the Middle Eastern market. This will necessitate and alleviate the capital required for such an extensive demand for building materials. The capital attained will ensure that Sulja Bros. will not use company shares to raise capital in the near or distant future, and will continue to not only maintain the upward climb towards a high price per share, but to also steadily rise towards a higher market exchange."
"Sulja Bros. initial business reach into the Middle Eastern market is attracting new investors. Wessal International's President, Ahmed Khalil Al-Muslmani, is buying 25% of the company. No more shares are being issued by Sulja Bros; therefore, Mr. Al-Muslmani has to buy in the open market. By law, this press release is the disclosure of Wessal International's offer and buying can commence in the open market immediately.
SLJB announced today that the company is releasing financial information to its shareholders. Sulja Brothers Building Supplies earned $63,047,611.00 during the 12 months from June 1, 2005 to May 31, 2006. The company made $28,371,424.95 gross profit with a $26,023,991.63 in pre-tax profits. Net profits were $15,879,839.69.
"Sulja Bros. had an excellent year and the Middle East projects are already affecting the bottom line. The pro forma estimated revenue is $307,007,451.50 and estimated net profits are $93,951,965.18. The pro forma for the current fiscal year is available for our shareholders to view.** The pro forma numbers will grow as we obtain our market share of the Middle East construction boom." **
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. **
"We are currently receiving numerous requests for cement in the Dubai region and we are aggressively working to meet our client's needs." Moreover, CEO Steve Sulja stated, "We conservatively expect the sale of the cement in Dubai to reach 180 million dollars over the next twelve months.** Furthermore we are negotiating a continuous and competitive supplier of structural steel.**
~~~ There is so much going on here that it makes my head spin ~~~
~~ You gotta spank that ask ~~
AI
