Sulja Bros. Construction Supplies, Ltd. (PINKSHEETS: SLJB) today announced that it will release pertinent and positive financial information to its shareholders. Year-end (fiscal) numbers will show revenues of $63M+ for 2005 and gross profits of approximately $28M+. The net profit for the year-end audit will surpass $15M. Monthly financials and a pro-forma will soon be available to the public at www.suljabros.com.
CEO Steve Sulja stated that although "the numbers show a good year, we intend to increase margins and overall revenues quite substantially in 2006." The company anticipates NET profits greater than $3M from the supply-side agreements it has attained with the Red Sea Group, an investment banking and asset management group with interests primarily in the Middle East.
A spokesman from the Red Sea Group confirmed the above and stated that, "the Company's partnership with Sulja Bros. is bursting with potential that is rare among businesses seemingly so disparate in geography."
CEO Sulja and The Red Sea Group also reiterated that there will not be a reversal of shares, and that the new entity is capable of sustaining the numbers necessary to reach a broader exchange.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe 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 results 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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