SiteWorks Building & Development Co., Announces New US$19,500,000 Project in Phuket, Thailand
Tuesday December 6, 4:00 PM EST
SiteWorks (SWKJ) CEO C Michael Nurse, in Phuket to direct the start of operations for the Mission Hills project, has indicated he has entered into an agreement with a local developer to build a hotel in Phuket, worth approximately $19,600,000.
Design and planning of the project is expected to start by the end of the first quarter of 2006.
C Michael Nurse noted: "Phuket is an important market for us and we see many opportunities here for our firm."
Mr. Nurse further noted " Our September 30, 2005 10Q will be amended to reflect the fact that we do not have any standby equity funding arrangements with anyone in place, since we already have funding commitments for most of the projects we have contemplated. The amendment will be filed asap."
SiteWorks Inc is a US based 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. SiteWorks, 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.
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Distributed by Market Wire
Contact:
L Konrath
305 573 9339
C M Nurse
Email: cnurse@mysiteworks.net
Website: www.mysiteworks.net
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