News!
13:05 ET MIAMI--(Business Wire)--Aug 26, 2005--
Site Works Building & Development Co. (OTCBB:SWKJ.U) 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.
CONTACT: for Site Works
Lisa Konrath, 305-573-9339
www.mysiteworks.net
or
Kevin Gray, 212-423-1040
Siteworks@gfsinvestmentsonline.com
KEYWORD: 'UNITED STATES' 'NORTH AMERICA' 'FLORIDA'
INDUSTRYKEYWORD: 'PROFESSIONAL SERVICES' 'FINANCE' 'COMMUNICATIONS'
'PUBLIC RELATIONS/INVESTOR RELATIONS' 'CONSTRUCTION & PROPERTY'
'COMMERCIAL BUILDING & REAL ESTATE'
'RESIDENTIAL BUILDING & REAL ESTATE'
SOURCE: Site Works
AI
