The Hunt for the Next 10 Bagger

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SWKJ NEWS INSIDE
MIAMI, Aug 26, 2005 (BUSINESS WIRE) -- Site Works Building & Development
Co.
(OTCBB:SWKJ) CEO Michael Nurse has announced the company has signed a
formal
Loan commitment agreement with Allied Mortgage of Hollywood, Florida on
August
24, 2005.

The loan is for $1,260,000 and funds will be used to complete a build out
of
commercial space at the Chiefland project. The terms of the commitment
indicate
that actual funding will occur within thirty days of the execution date.
Mr.
Nurse noted that "even though the funding process has been delayed due to
the
very busy appraiser's schedule, we still expect to see revenues from the
sale
and or lease of the space this fiscal year."

Site Works Inc. is a real estate and construction company engaged in the
business of total site and built environment solutions. The company's core
business is the construction of semi custom housing developments and
middle-income multifamily buildings. Site Works Inc. also performs
construction
management and general construction services. Other services provided
include
the marketing and distribution of innovative construction-related and
other
technology products.

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.

SOURCE: Site Works



CONTACT: for Site WorksLisa Konrath,
305-573-9339www.mysiteworks.netorKevin Gray,
[e-mail]




Copyright Business Wire 2005

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KEYWORD: United States

North America

Florida

INDUSTRY KEYWORD: Professional Services

Finance

Communications

Public Relations/Investor Relations

Construction & Property

Commercial Building & Real Estate

Residential Building & Real Estate

SUBJECT CODE: Funding



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