Sulja Bros. Building Supplies, Ltd (SLJB)

[CaesarStone]

Otter, Is this a rumor or confirmed?

InvestorOtter, Claims Cement Deal Completed

Posted by: InvestorOtter
In reply to: MrGoodBuddy who wrote msg# 248171
Date:2/14/2007 1:28:14 PM
Post #248178

[excerpt]

Hey sandbath, the cement deal from what I understand is completed and as soon as the OSC is done pleasing the paid crew and all their empty complaints, the press releases and contracts will come out.
-------

SLJB Announces Internal Review of Prior Public Disclosure and Other Matters; Also Discusses Actions by Ontario Securities Commission and Inquiry by U.S. Securities and Exchange Commission

WINDSOR, ON, Jan 10, 2007 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies, Ltd. (Nevada) (PINKSHEETS: SLJB), today announced that, in consultation with outside counsel, it is undertaking a review of various issues relating to the issuance and trading of its common stock, as well as the accuracy of its prior public disclosures. Given the early stage of this review, the Company is unable to provide any further information regarding these matters, but cautions investors not to rely upon the press releases and other public statements previously issued by or on behalf of the Company.

The Ontario Securities Commission (OSC) has commenced an enforcement proceed against the Company, the Company's affiliate Sulja Bros. Building Supplies Ltd. (Ontario), the Company's former Chief Executive Officer Peter Vucicevich, Kore International Management Inc. (a company affiliated with Mr. Vucicevich) and Andrew DeVries (who was formerly associated with the Company). The OSC alleges, among other things, that Messrs. Vucicevich and DeVries engaged in manipulative trading in the Company's stock and that the Company made representations in certain press releases that were not true. A copy of the Statement of Allegations issued by the OSC can be found at http://www.osc.gov.on.ca/Enforcement/Proceedings/SOA/soa_20061227_suljabros.pdf On December 22, 2006, the OSC ordered the cessation of trading in the Company's securities for 15 days and, on January 8, 2007, that order was extended until March 23, 2007 The Company did not oppose the continuation of this order and is cooperating with the OSC, but cannot at this time comment on the substance of the OSC's allegations or on the impact of the OSC's order on the trading of the Company's common stock in the United States.

The U.S. Securities and Exchange Commission (SEC) has also informed the Company that the SEC is conducting an inquiry into the matters that are the subject of the OSC proceeding. The Company is cooperating with the SEC.

For the foreseeable future, the Company does not intend to respond to requests for information from shareholders or other interested parties except to refer them to this press release and any subsequent releases issued by the Company. The Company will provide any updates as to the matters referred to herein through broadly disseminated press releases, but cannot predict when it will make any such updates. Investors should not rely on any statements purporting to be by or on behalf of the Company other than those contained in this release or any future press releases issued by the Company.
-----------

SLJB Announces Success in the Middle East

WINDSOR, ON, Dec 11, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) -- An SLJB spokesperson today stated; "We are pleased to announce the successful completion of a cement deal in the Middle Eastern region. We have successfully brokered a deal totaling 25,200,000 tonnes over the span of three years. The buyers have agreed to take delivery of 8,400,000 tonnes per year commencing immediately once the buyer completes their banking documents. These documents should be finalized later this week."

SLJB's lawyer in Lebanon, Fasl Abu Zahr (Lawyer ID Number 9598), has registered all relevant commission agreements with the Seller, the Sellers banking institution, and Government bodies.

CEO Steve Sulja stated, "Sam Sulja has returned from the Middle East after visiting Jordan, Lebanon, and Dubai to finalize this deal. Sam along with other key members of SLJB have been working on this and other similar deals in the region for the past few months. It is nice to see this deal come to a successful final completion considering previous deals we were working on did not finalize." He continued; "Our commission agreement guarantees us $0.90 USD per tonne. Complete details of this deal will be made available to our shareholders once the Buyer's banking documents are released to us. At that time the terms of our mutual NCND agreement will be fulfilled by all parties involved and we will be in a legal position to release the names of all those involved."

CEO Steve Sulja also stated, "During the course of this week, we will be providing our shareholders with updates on this and any other deal that has been completed. We will also provide a detailed explanation of the SLJB corporate structure and other questions sent to us by our shareholders. We will be doing this through our press releases. We are committed to the success of SLJB and will work to regain our shareholders' confidence over the coming weeks."