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Mikeed

02/02/06 4:41 PM

#6419 RE: YankeeAce #6396

With that scenario New Orleans was mentioned in a previous PR and Congress is voting on umpteen billion dollars for Gulf coast recontruction in the next few days with a large percentage going to New Orleans. That said the urban areas of New Orleans was high ground during the flood and will most likely get the most attention. A merger with a Lousiana business would prove very lucrative. Just a thought.


Monday , December 19, 2005 10:54 ET

NASHVILLE, TN, Dec 19, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced a joint venture agreement with Kore International Management, Inc. and has identified two project venues. The proposed sites are Savannah, Georgia, and New Orleans, Louisiana. Initial venues will be managed by Kore International Inc. corporate officials along with Dennis Ammerman, CEO of LoftWerks, Inc. The projects will encompass residential facilities and commercial building refurbishings. Kore officials say that $8M (USD) will be allocated as the initial budget for property acquisition. "These projects serve many purposes for LoftWerks," said Ammerman. "Primarily, we will exhibit our design techniques and accessories that accentuate the elements we think have strong ties to the urbane 'Southern lifestyle' and the culture of a bygone era," said Ammerman, LoftWerks, Inc. CEO. "We are fortunate to have a partner like Kore that shares our vision and ideals."