EZ Traders Forum

[eztradin]

Interesting.

Will watch.


>
MIAMI, Aug. 10, 2005 (PRIMEZONE) -- SiteWorks Building and Development Co.
(OTCBB:SWKJ), announced today that the company has the agreed to appoint
Prestige Procurement and Networking Services (Prestige) as its representative in
Asia. As a result of the discussion held a week prior to the signing of the
service agreement yesterday enabling Prestige to operate on behalf of SWKJ
throughout Asia, shareholders will be entitled to join the Prestige Asia Card
program and the Investor Relations program by visiting www.prestigeasia.com.

SWKJ CEO Mike Nurse notes, "We have found that real estate and construction
projects, especially large projects where a high degree of professionalism is
required, are under increasing pressure to maintain Western standards of
quality. Asia's rapid growth and the drive for Western-style standards has great
significance to us as an entity. Consequently, we will be directing our efforts
to the Chinese markets also, particularly southern China. This will represent a
significant opportunity for the company, since budget and timeline management
are still major concerns for the increasing number of foreign real estate
investors in Asia. SiteWorks can supply the management and technology to deliver
major projects on time and with quality."

Prestige has further demonstrated its commitment to SiteWorks by agreeing to
purchase all outstanding shares in the float. Prestige has already bought
8,500,000 shares on the open market. Their primary goal is to continue buying
shares on the open market until they capture as many shares as possible
remaining within the float. Their secondary goal will be to then convert their
position into certificate form to remove them out of "street name" as shares
held by CEDE&CO to not allow them to be borrowed against for shorting.

Prestige is expected to manage SWKJ expansion in Asia via its strong networks
throughout the region through www.prestigetycoon.com. Sutida Suwunnavid, the
President of Prestige, adds, "The next step will be scheduling a meeting to
discuss the work scope and present SWKJ to the predetermined local projects
within the next several months."

Kornchaya Manchanda, Market Analysis, comments, "The way we see it is that the
creativity combined with SWKJ efficiency can also lead SWKJ to act as a
developer in government projects and major companies in this region and it is
our job to take them there."

This release includes forward-looking statements and projections, made in
reliance on the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. The company has made every reasonable effort to ensure that
the information and assumptions on which these statements and projections are
based are current, reasonable, and complete. However, a variety of factors could
cause actual results to differ materially from the projections, anticipated
results or other expectations expressed in this release, including, without
limitation, the ability to implement and achieve our objectives in the
long-range plan; interest rate increases; a downturn in the construction
industry; actions by the credit rating agencies; the successful close of our
financing transactions; our ability to divest of certain assets; changes in
commodity prices for building materials, and labor cost; inability to realize
anticipated synergies and cost savings associated with restructurings and
divestitures on a timely basis; changes in reserves estimates based upon
internal and third party reserve analyses; general economic and weather
conditions in geographic regions or markets served by SiteWorks Inc. and/or its
affiliates, or where operations of the company and its affiliates are located;
the uncertainties associated with governmental regulation; the uncertainties
associated with the outcome of governmental investigations; the outcome of
future litigation including shareholder derivative and class actions; political
and currency risks associated with domestic and international operations of the
company and its affiliates especially due to the instability in the Caribbean
and South America and economic conditions in UK; difficulty in integration of
the operations of previously acquired companies, competition, and other factors
described in the company's (and its affiliates') Securities and Exchange
Commission filings. While the company makes these statements and projections in
good faith, neither the company nor its management can guarantee that
anticipated future results will be achieved. Reference must be made to those
filings for additional important factors that may affect actual results. The
company assumes no obligation to publicly update or revise any forward-looking
statements made herein or any other forward-looking statements made by the
company, whether as a result of new information, future events, or otherwise.

CONTACT: SiteWorks Building and Development Co.
Lisa Konrath
[phone]
[e-mail]