Replies to post #178248 on Sulja Bros. Building Supplies, Ltd (SLJB)

[justfactsplease]

Who now is the owner of Consul-tech inc.? Whoever it is they are pulling all the strings now including Petars.

http://www.consultech.co.in/


http://www.stockcloud.net/stock/LFWK


http://www.loftwerks.com/


http://newsblaze.com/story/2006030310492200001.mwir/topstory.html

LoftWerks Announces Details on $10M Acquisition Capital
NASHVILLE, TN -- (MARKET WIRE) -- February 16, 2006 -- LoftWerks, Inc. (OTC: LFWK) announced today further details regarding an imminent $10M Financing Facility.
Property acquisition capital totaling $10M has been arranged by Consultech Construction Management, Inc. (“Consultech”) as part of their proposed merger. Per the terms of the pending merger, the funding will be structured as a convertible debt instrument, which includes a provision to absolve the debt when the merger is closed.
“This is a big step in solidifying the merger with Consultech. Consultech believes in our business model enough to put up $10M to facilitate the acquisition of inner-city properties. An essential for LoftWerks to, simultaneously, handle multiple markets. The agreement calls for funding in 2-4 weeks and we have identified up to seven properties that meet LoftWerks’ criteria for desirable, second-tier regional urban centers that are best suited for our vision of urban renewal. We will be laying out our plans as they unfold,” Dennis Ammerman, CEO of LoftWerks, said.
Consultech Director-General, Petar Vucicevich, said, “The merger process, to this point, has been very smooth. The $10M funding was pending LoftWerks' completion of its financial disclosures as a service to its shareholders, per our agreement. As many shareholders have seen, LoftWerks just filed its quarterly reports and we believe it is in both parties’ best interest to complete the financing ahead of the merger completion. We look forward to joining our efforts and resources with LoftWerks.”
LoftWerks, founded in 1994, specializes in urban real estate redevelopment, by acquiring underutilized, strategically located, buildings with profit potential. LoftWerks’ target market is the home buyer who prefers suburban living alternatives, in revitalized metropolitan centers, to suburbia.
Consultech Construction Management, Inc. is one of only seven, designated "Master Builders" on the North American Continent and in Europe.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
LoftWerks Announces Merger Initiation With Consultech: Sulja Bros. Building Supplies, LTD. to Be Primary Distributor for Post-Merger Projects

LoftWerks, Inc. (OTC: LFWK) today announced that the first phase of its merger with Consultech Construction Management, Inc. has been initiated. Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations has begun merger protocols with LFWK. The move solidifies the certainty of Consultech's imminent migration into the LFWK public vehicle. Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.
LoftWerks CEO Dennis Ammerman stated that the primary reasons for selecting Sulja Bros. for this position were its lengthy tenure in the industry, and the company's ability to retain its large and loyal customer base at percentages practically unheard of in industries across the board -- particularly in the construction industry where builders and sub-contractors invariably target the lowest prices for materials.
A spokesperson for Consultech Construction Management fully condoned the Sulja migration. Consultech has owned the business for nearly ten years and stated that this particular appointment consolidates the three primary aspects of the industry: materials, design and management.

[monsterfan3]

Khan Shahid
Address : 737 Ouellette, Windsor, ON N9A 6T5
Telephone : [phone]
Category : Lawyers
Directory : Windsor


I just wanted to see if this is the same info that you have.