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SWKJ NEWS INSIDE
SiteWorks Building and Development Co. Announces Reduction in Authorized Common Shares
SiteWorks Building and Development Co.(OTCBB:SWKJ) has amended its share structure by reducing the authorized common from 5,000,000,000 to 500,000,000 shares, changing the par value of its Preferred A to .001 and amending the conversion Ratio of Preferred A to common to 52 to 1. The changes were made pursuant to a Board of Directors meeting on August 13, 2005.

Currently the company has approximately 130,000,000 common shares issued and outstanding of which approximately 87,000,000 are restricted securities, 5,100,000 convertible Class A preferred,(convertible at 52 to one) and 1,100,000 Class B preferred, convertible into 1.00 worth of common per share.

SiteWorks Inc. is responsible for the adequacy and accuracy of disclosure in this filing, and SEC staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing and SiteWorks may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.


SiteWorks
[e-mail]
or
Lisa Konrath, 305-573-9339



Source: Business Wire (August 17, 2005 - 9:02 AM EDT)

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