News!!!!!!!!!!
Knightsbridge Law (Thailand) to Fund SiteWorks' Thai Projects
Management of SiteWorks (OTC BB: SWKJ), a construction and real estate development company, announced today that the company has arranged with Knightsbridge Law, Thailand, to provide construction bridge funding and mortgage funding for all its projects in Thailand.
Knightsbridge Law has agreed to provide bridge funding in addition to the 50 % mortgage program it is already offering to purchasers of properties in Layan, Phuket.
CEO Michael Nurse said, "The company will now be adequately capitalized for our Thai projects, and we can start dedicating resources to these projects to ensure efficient delivery. When our senior management returns to Phuket late in November, we will be engaging suppliers and subcontractors to start the projects in early January 2006."
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although SiteWorks believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will materialize. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
Source: Market Wire (November 10, 2005 - 10:35 AM EST)
AI
