Aaah the memories--Who remembers these?
The two first "post merger" PR's that described SLJB deals worth potentially over 100M---Probably only true longs remember these PR's because these particular two have been buried for months now---I almost forgot them myself until recently, luckily everything is kept on file....enjoy:
LoftWerks/Sulja Team to Begin Two New Projects Ontario and Mississippi Ventures Should Generate $100M
NASHVILLE, TN, Apr 12, 2006 (MARKET WIRE via COMTEX) -- 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.
SOURCE: LoftWerks, Inc.
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And this one:
LoftWerks, Inc. (LFWK)/Sulja Bros. Announces Two Manufacturing Facilities Truss and Wall-Panel Robotics Facilities Will Increase Niche Production 300% Over Current Segment in Canada
NASHVILLE, TN, Apr 13, 2006 (MARKET WIRE via COMTEX) -- 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).
These operations will primarily supply the revitalization efforts in Toronto and the commercial facilities rebuilding campaign in post-Katrina Mississippi. The facilities basically automate and exact the process of framing and skinned-wall fabrication off-site for an assembly process that is less demanding in terms of committed resources at any given project location. 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.
SOURCE: LoftWerks, Inc.
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Another 104-106M in revs here that we should be able to add to the bottom line, right? Wonder how these are doing?
Merry Christmas!
"Even if you are on the right track, you will still get run over if you just sit there."
