Tuesday, November 28, 2006 10:19:28 PM
LoftWerks/Sulja (PINKSHEETS: LFWK) today announces that Wessal International, parent company of Red Sea Group which has been handling all investor relations and promotion of LoftWerks/Sulja in the Middle East, has full intention to move forward with a joint venture.
Wessal International is an internationally renowned company whose portfolios include everything from oil allocations to construction. Wessal International President Ahmed Khalil Al-Muslmani states: "The potential of Sulja Bros. in the Middle East is phenomenal. We believe that the parent company would be better suited to manage the investor relations and promotion of this entity in our region. Therefore, we are happy to announce this new venture." He also stated: "We will move quickly and efficiently to ensure that we claim our portion of the revenues from all the construction that is happening in this region. We are certain that this will enhance confidence for everyone involved with Sulja as well as Wessal International." Documents necessary for this new venture are expected to be signed and finalized within a few weeks.
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