Sulja Bros. Announces CEO Petar Vucicevich Resigns
Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) Today announces the resignation of Petar Vucicevich as CEO of Sulja Bros. Building Supplies Ltd. A spokesman said, "A mutual agreement has been reached between Sulja Bros. Building Supplies Ltd. and Petar Vucicevich which will facilitate his resignation. In light of recent press, we all felt that it would be best for the company and all the shareholders that Steve Sulja, a current director of Sulja Bros. Building Supplies Ltd., be reinstated as CEO effective immediately. Sulja Bros. Building Supplies Ltd. in no way endorses the allegations made against Petar Vucicevich, and we are thankful for the work that Mr. Vucicevich has done for our organization." Steve Sulja stated, "After numerous meetings in the past five days, it was simply felt that I accept his two month premature resignation. Along with Petar Vucicevich, Kore International Management Inc. will no longer have a roll in the management process of SLJB.
"Mr. Vucicevich has insisted all documentation and communication involving Mr. Vucicevich, SLJB shareholders, transfer agent, and all other parties involved regarding SLJB be provided to our attorneys for their review.
"I will hold the position of CEO until such time as a new board of directors can be elected by our shareholders, as laid out by Mr. Vucicevich. I ask you to be patient with me, as I will be posting a statement shortly. Mr. Vucicevich also assures us that he will remain available in the future for all questions, should it arise. I apologize, I will not be taking any phone calls at this present time, we will be communicating with our shareholders strictly through our website, and through our press releases. We all feel that this is an unfortunate turn of events, and hope that this will restore confidence in our shareholders of SLJB."
This contains forward-looking information within the meaning of The Private Securities 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.
Source: Market Wire (November 21, 2006 - 6:00 AM EST)
News by QuoteMedia
www.quotemedia.com
