Thx shim........
SULJA BROS. HIGHLIGHTS *SEPTEMBER TO REMEMBER FULLY AUDITED FINANCIALS (KPMG/PRICE WATERHOUSE COOPERS) <!--[if !supportLists]-->Company has indicated between September 18th to September 20th for Release.
<!--[endif]-->During the 12 months from June 1, 2005 to May 31, 2006, Sulja Brothers Building Supplies earned $63,047,611.00. The company made $28,371,424.95 gross profit with a $26,023,991.63 in pre-tax profits. <!--[if !supportLists]-->Net profits were $15,879,839.69
The pro forma estimated revenue is $307,007,451.50
"Plus 350,000,000.00".............Equals $657,007,451.50"
Estimated net profits are $93,951,965.18....
<!--[endif]--><!--[if !supportLists]--><!--[endif]-->$350,000,000.00 MILLION DOLLAR CEMENT DEAL FINALIZED Sulja Bros. has closed a cement contract in Dubai with Ramada General
Contracting in Abu Dhabi, UAE. Ramada General Contracting is paying an average
of USD $50.00 per metric ton. The contract is for seven million metric tons of cement per year. The deal produces yearly revenues of USD $350,000,000. The UAE currently faces
a shortage in cement production.
-ISSUING A DIVIDEND TO SHARE HOLDERS.....has been mentioned in previous press releases and may be implicated in the near future.The plan calls for a regular quarterly dividend of .025 cents ( 1 cent pps per yr) The dividend <!--[endif]-->was mentioned and designed to minimize effects to company profits yet incur maximum damage to the short position in the companies common stock. Consultech and company directors/insiders understand that the money spent on the dividend is necessary to achieve a reasonable fair market share evaluation for all stockholders. Company had stated, "So far, it looks like a matching dividend program from the short sellers. Every dollar the company issues, in dividend form will be matched by the short sellers. If the short sellers refuse to pay the dividend, their identity will be revealed in the 'payment in-lieu paperwork.' -WHAT IS SHORT SELLER CAPTURE CAPITAL? (per company previous press releases) <!--[if !supportLists]--><!--[endif]--> Their is no stock definition for this type of buying; therefore, the company createdtheir own definition. It's called 'Short Seller Captured Capital.' Insiders have expressed interest in selling blocks of shares back to the company at a later date. The shares can be introduce back into the market after the company plans are executed, and the short sellers can complete their buy-in at a much higher price. Short SellerCaptured Capital will prevent dilution of the current shareholders' value whileproviding insulation to the current shareholder from the effects of high-volume sell-offs." Company announced it is opening 3 new offices in the Middle East. A <!--[endif]-->
Red Sea Group company spokesperson commented: "The 3 licenses for Sulja
Bros. Building Supplies were obtained in the Middle East. Ground breaking
commenced today in Abu Dhabi, Dubai in the United Arab Emirates and in
Bahrain." Company has stated it's need to supply existing and new clients in
the Middle East. The construction in the UAE and the Middle East is projected
to exceed 28 billion by the year end. Sulja Brothers is increasing its market
share of these lucrative projects. The Red Sea Group has been very successful
in obtaining new clients and projects. Our client base has grown tremendously
through our relationship with the Red Sea Group."
-CONSULTECH CONSTRUCTION MIDWEST MERGER
(still in the works per company and pr's)
1. The merger if and when with Consultech Construction Management Inc.'s Midwest office is implicated it would increase the market cap along with adding a much larger flow of revenues and earnings to the bottom-line.
That office is currently in negotiations with Federal, State, and Local officials to procure storm relief work outside Biloxi, Mississippi more details will be released at a later date per company official. Steve Sulja had announced the appointment of Direct General of Consultech Construction Management Inc.'s Director General Petar Vucicevich as Sulja Bros. new CEO/President. Mr. Sulja had said the new appointed position would allow for a smoother transition of the Sulja vehicle at a later date for its merger with Consultech's Midwest Operations. Mr. Sulja at the same time had mentioned this was indeed a good move on making our process easier. With the appointment of Mr. Vucicevich as our new CEO/President, the time frame for the merger process could easily be expedited.
Mr. Vucicevich stated, in recent press releases "I look forward to working closely with the existing Sulja Board and helping with the merger and expansion plans. Consultech had previously owned Sulja Bros. for nearly ten years and stated that this particular appointment consolidates the three primary aspects of the industry: materials, design and management."
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