SLJB news that I figure the OSC, RCMP and SEC are going to want backup on. There is no safe harbor for penny stocks.
I've put a few things in bold that don't seem to have come to pass and some have never been mentioned again.
Wow I'd almost forgotten how hard they were pumping it and how many deals were announced.
Hmmmmm will we sometime see Ammerman, Petar and Suljas names in front of "violating the anti-fraud provisions of the federal securities laws by causing the public company to issue materially misleading press releases regarding the company's purported assets, revenues and contracts."?
-------------------
March 2006.
"Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations has begun merger protocols with LFWK."
"Consultech has owned the business for nearly ten years" ????????? they have?
"Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M."
----------------------
March 2006
"The stock holdings of LFWK insiders currently exceed the number of outstanding shares that the company has issued to date."
-------------------------
March 2006
"Shares issued through the current open Rule 504 filing for merger expenses are issued at the closing ask price on the day of issuance."
------------------------
March 2006
"Sulja Bros. will serve as the centralized and primary distributor of materials for all future projects. They recently posted earnings of $26M+ for fiscal year 2005 netting $2.4M. They currently have assets totaling more than $25M."
-----------------------
March 2006
"CEO Dennis Ammerman and a Consultech company representative are currently reviewing a plan to issue regular dividends to stockholders.
The plan calls for a regular quarterly dividend of $0.0025. The 300 million shares represented by Consultech and LFWK CEO Dennis Ammerman will return the dividend to the company's Operations Accounts. Two Insiders that represent 86 million shares have agreed to return the dividend to the company as well."
------------------
March 2006
"Company Insiders have purchased up to 5M more shares of LFWK on the open market. Thus, an already negative public float tips the scales even more impossibly lopsided than previously thought."
"LFWK is in the process of securing two new buildings in Louisville, KY. The collective purchase price is $3.98M. The estimated net profit upon project completion is $1.8M."
-------------------
March 2006
"Dennis Ammerman, CEO of Loftwerks, Inc. (OTC: LFWK), today announces that Consultech Construction Management Inc.'s Midwest office and Consultech's Sulja Bros. Building Supplies LTD are finalizing their plans for hurricane relief reconstruction outside Biloxi, Mississippi. Finalized plans are currently awaiting the State of Mississippi approval."
"Construction of 300 permanent residential units and several commercial properties will begin May 1st 2006, with or without federal or state funding options"
"The 300 units will range in price from $ 80,000 to $ 185,000. The cost of construction is estimated to be $ 29 M. Net profit margin is estimated to exceed 28% sales.
---------------------
March 2006
"The financials for LoftWerks (LFWK) is available at www.pinksheets.com . The financials will be compiled and audited to make the application to a higher exchange. Details will be released shortly with inclusion of auditors' names and timeline.
------------------
March 2006
"Consultech's Director General, Petar Vucicevich, has vowed to add to the LFWK list of ongoing projects by seeking building sites in Louisville, Savannah, and other nearby, regional metropolitan venues."
-----------------
March 2006
"Vucicevich also announced that revenue projections for Sulja should exceed $50 Million for the first twelve-month period following the completion of the merger. These projections are based on financial information available for viewing at www.sulja.com"
------------------------
April 2006
"LoftWerks, Inc. (OTC: LFWK) today announced its first post-merger project with new partner, Sulja Brothers Building Materials, Ltd. This project involves the development and construction of a state of the art lumber distribution center in the Detroit area.
Sulja Brothers is also planning a second, identical facility in Louisiana, just outside of the New Orleans metropolitan area.
Petar Vucicevich, Director-General of Consultech Construction Management, Inc., the parent company of both LoftWerks and Sulja Brothers, identified the end of June 2006 as the projected completion date for the Detroit facility. "Sulja Brothers should realize revenues in excess of $22 Million by the end of its fiscal year with the addition of this completed facility," he said. "We expect similar revenue generation when the Louisiana facility comes on-line."
--------------------
April 2006
"LoftWerks, Inc. (OTC: LFWK) today announced that it has named Steve Sulja as its new CEO to head operations subsequent to its merger with Sulja Brothers Building Materials, Ltd. Sulja, 38, is currently Director of Sales and Marketing for both Consultech Construction Management, Inc., a position he has held for five years, and Sulja Brothers Building Materials, Ltd., where he has been for the last ten years. Spokesmen for both of these companies confirm that revenues have increased by a minimum of 150% during Mr. Sulja's tenure in these positions.
-------------------
April 2006
"LoftWerks, Inc. (OTC: LFWK) today announced that two post-merger projects with Sulja Brothers Building Materials, Ltd. have been slated for late-2006 starts. The first project, located in the Kitchner area of Toronto, Ontario, will feature conversions of older buildings into loft apartments and retail space. A company spokesperson explained that construction should commence within 120 days and be completed in approximately 18 months. The company expects to put $9-12M into the project, with pre-sale and final revenues exceeding $50M. This will be the first "non in-house" post-merger project, with LFWK providing consulting advice and design. "We think this is the ideal location, based on proximity to our various contributing components such as Kore International Construction Management and Consultech, and will allow us to smoothly integrate our efforts," said the Spokesperson.
A second project will commence in the Gulfport/Biloxi region of Mississippi, and will focus on new construction in areas hard hit by Hurricane Katrina. A spokesperson for Consultech Construction Management, which will be over-seeing the project, stated that input from local experts would be sought to determine areas of greatest need for housing and commercial construction. The team anticipates investing an amount similar to that required for the Kitchner project, and expects to realize the same level of revenues.
-------------
April 2006
"LoftWerks, Inc. (OTC: LFWK) today announced that its new post-merger owner, Sulja Bros. Specialty Building Materials, Ltd., plans to construct and operate two automated, robotic-enhanced truss manufacturing facilities in the markets of Kitchner, Toronto, Ontario in Canada and in the Gulf Dale/Biloxi Mississippi area (both announced previously as target niche markets by a company spokesman).
Sulja Bros. currently generates approximately $4-6M annually from an identical process in Windsor, Ontario. The adjunct of the new facilities is expected to increase these niche-specific revenues by three hundred (300) percent within 24-36 months.
---------------
April 2006
LoftWerks, Inc. (OTC: LFWK) today announced that its new ownership, Sulja Bros. Specialized Building Materials, Ltd., will immediately set a course toward a broader exchange board such as the OTCBB or even NASDAQ. Newly Appointed CEO, Steven Sulja, in Windsor, Ontario stated earlier today that "the LFWK trading vehicle is just that...a 'vehicle' to move us into a broader more substantial audience."
---------------
April 2006
"LoftWerks, Inc. (OTC: LFWK) today announced that a Liberian supplier of mid- and high-grade lumber cut to traditional North American building lengths and standards will finalize a Preferred Vendor Status Contract with Sulja Bros. as soon as is practical considering the sanctions soon to be lifted from the Liberian timber industry."
--------------------
April 2006
New LoftWerks (OTC: LFWK) CEO Steve Sulja in Windsor, Ontario announces today that Consultech Construction Management Inc.'s Director General Petar Vucicevich has been in the Middle East for the past 4 days completing negotiations for the land and construction of a 280 room exclusive luxury hotel on the Al Reem Island, in Abu Dhabi, UAE.
Tracey Banumas, Director of Operations for CCMI stated that the cost of acquiring the land on Al Reem Island is $29M, cost of construction of the luxury hotel is estimated at $645M, both the land and financing for this project have been secured as of yesterday. The anticipated start date on the hotel construction will be mid 2007, and to be completed by mid 2009.
------------
May 2006
"LoftWerks,Inc. (OTC: LFWK) today announced that Sulja Brothers Building Materials, Ltd. will be involved in supplying building materials to Consultech Construction Management for a resort development on Al Reem Island in Abu Dhabi, UAE. Sulja will be involved in this project as a result of negotiations conducted in Abu Dhabi by Consultech Director-General Petar Vucicevich. "There is a real need for this relationship because of the lack of primary building materials on the Island, specifically, and in the Middle Eastern region generally," said Vucicevich. "As the parent company of both Consultech and Sulja Brothers, we have the unique ability to bring all the necessary parties together to undertake this project," he concluded.
A company spokesperson stated that the project is expected to generate $130M in revenues over the next two years. "The initial agreement calls for us to provide primary building materials such as lumber and masonry," he explained. "We expect ancillary products to spin off additional revenues that could reach the $300M mark within three years," he said."
-----------------
May 2006
"LoftWerks, Inc. (OTC: LFWK) today announced that Sulja Brothers Building Materials, Ltd. has completed their audit process for upcoming financial reports, and that the information will soon be posted on the company's web site.
--------------
May 2006
"LoftWerks Inc. (OTC: LFWK) announces its first exchange move milestone has been achieved. On May 4th, 2006, the merged company of LoftWerks Inc. and Sulja Brothers Building Supplies completed audited financials. The audits were conducted by a premier international accounting firm. The financials were submitted to the Company Directors and Gottbetter & Partners, LLP on the same day."
--------------
May 5, 2006
"LoftWerks, Inc. (OTC: LFWK) announces that it will file its Form 10 registration for the NASD OTC bulletin board with the Securities and Exchange Commission within the next 14 business days. With the announcement of the completed merger and audited financials, Loftwerks has positioned itself for the Form 10 filing.
------------------
May 11, 2006
LoftWerks, Inc. (OTC: LFWK) today announced that Sulja Brothers Building Materials, Ltd. has posted the necessary filings to finalize the merger agreement it has in place with the Loftwerks, Inc. (LFWK) public, and that the entire process should be completed in only a few days.
Counsel, the Gottbetter Firm in NYC, has submitted the required SEC documentation, namely the form 15C(211). A Sulja spokesperson stated that the transition to a public market should not occur later than 5-7 days from now.
--------------
May 2006
LoftWerks (OTC: LFWK) LoftWerks/Sulja Bros. today announces that Consultech's Midwest Operation has signed a new contract in partnership with Intec Industries in Berlin to construct two tire recycling plants in the Middle East. Intec Industries is a world renowned and front runner of tire recycling technology.
A Consultech spokesperson stated that all necessary fixtures, construction and finishing materials would be provided through Sulja Building Supply. This project is estimated to generate 30 Million Euros; construction on the site will begin in August 2006; completion date is projected in about 8 months.
-----------
May 2006
"Sulja Bros. will immediately target a broader exchange such as the OTCBB or even NASDAQ. Newly Appointed CEO, Steven Sulja, in Windsor, Ontario, stated earlier that "the LFWK trading vehicle is just that... a 'vehicle' to move us into a broader more substantial audience."
-------------
May 2006
Sulja Bros., Ltd. (PINKSHEETS: LFWK) today announced that its new ownership of the LoftWerks (LFWK), Inc. public vehicle has been finalized by the Board of Directors, and their legal counsel, the Law Firm of Gottbetter and Partners, LLC. All final documents have been executed and forwarded by the law firm awaiting final approval from NASDAQ.
Sulja Bros. will immediately target a broader exchange such as the OTCBB or even NASDAQ.
-------------------
July 2006
"Price appreciation of our shares should easily beat the NASDAQ requirements for up listing. Our net earnings will raise the eyebrows of many investors."
------------
July 2006
LoftWerks/Sulja (PINKSHEETS: LFWK) announced today that the company is opening 3 new offices in the Middle East. A Red Sea Group company spokesperson commented: "The 3 licenses for Sulja Bros. Building Supplies were obtained in the Middle East. Ground breaking commenced today in Abu Dhabi, Dubai in the United Arab Emirates and in Bahrain."
The construction in the UAE and the Middle East is projected to exceed 28 billion by the year end
-------------
July 2006
"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.
----------------
July 2006
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.
The company anticipates NET profits greater than $3M from the supply-side agreements it has attained with the Red Sea Group
-----------
August 2006
Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) 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."
--------------
August 2006
"Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd."
------------------
THIS IS ONE OF MY MOST FAVORITE NEWS RELEASES
August 2006
Sulja Bros. Building Supplies Informs Shareholders That a Recent Fax Blast Is Not From the Company
Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) has been made aware and is in receipt of a fax blast that was sent out from 2006 Market Sine. Sulja Brothers is not connected to and did not pay for a fax blast from Market Sine.
CEO Steve Sulja states: "Sulja Brothers is outraged by this recent spam concerning the company. We have already paid for a search with Intelius that will reveal the name of the fax spammer. The assisted search will take 24 to 48 hours to reveal the fax publishers identity. Intelius has already confirmed that the identity will be known from public utility records. Our lawyers will continue the investigation, when the phone number search is finished. We apologize to our investors for the inconvenience and we will pursue the publisher to final justice. There has never been, and will not be, any shareholder dilution."
Sulja also states, "We strongly believe that we have reached many shareholders through legal means and we are happy with the progress we are making, we have absolutely no interest what so ever to pursue spam and any other sort of mass mailing advertisement to attract the attention of a few measly dollars, we hold our shareholders with utmost respect and will continue to retain their trust. We state again, Sulja Bros. Building Supplies, Ltd. had nothing to do with the fax blast. Necessary investigatory actions have begun and our legal team will proceed to undertake legal remedies against those individuals responsible."
---------------
August 2006
" The closings, in Germany, have boosted our outlook for the next 12 months significantly.
---------
August 2006
"CEO Steve Sulja states, "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.
------------
WTF ??? I've never figured out what this is supposed to mean. LOLOL they giving assets to the State of Nevada????
August 2006
"Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) has received clearance from the Dubai Government to move the Sulja Bros. assets to the State of Nevada. Sulja Bros. attorneys have paid all creditors and liens on the assets being moved. The attorneys, working with the auditors, have produced the balance sheet, which was the last piece of information needed to complete the audit.
The State of Nevada will receive the assets by next Friday.
---------------
August 2006
Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) has currently secured a large source of cement at an extremely competitive price from eastern European suppliers.
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.
----------
August 2006
"Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that it is acquiring a lumber mill with operations in both the Province of British Columbia and the State of Washington.
----------------
Sulja Bros. Building Supplies Builds a Design Depot in Dubai
Market Wire, August, 2006
Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that the company is building a Design Depot for higher end products and fixtures to supply the builders and developers in Dubai.
-----------
Another of my most favorites:
Sulja Bros. Building Supplies Ltd. -- Announces Closing of Abu Dhabi Cement Contract
Market Wire, September, 2006
A Sulja Bros. Building Supplies (PINKSHEETS: SLJB) spokesperson announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.
CEO Steve Sulja stated: "The cement contract has been finalized, and the contract is officially closed. The contract is for seven million metric tons of cement per year. The cement will be transported to Abu Dhabi, UAE."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000. The UAE currently faces a shortage in cement production. We are continuously looking to fill this need."
-----------------
