Take a look at LFWK .004 - Renovation, rehab & rebuilding upscale lofts. This was in a down trend with decreasing volume, no info from management after a flurry. Many sold and gave up. They just issued a couple of PR's, which showed they are alive at least. The info on pinksheets.com shows some signficant numbers fwiw.
LoftWerks, Inc. Moves Forward: Additional Projects Underway in Nashville
Monday November 21, 7:57 am ET
NASHVILLE, TN--(MARKET WIRE)--Nov 21, 2005 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) announced its plans to begin two additional renovation projects in Nashville. These projects are a reformation of two entities: (1) a single large office building restructured into approximately fifty condominium units, and (2) a multi-structured renovation of several adjoining buildings into both residential and commercial facilities. The combined value of the two projects is estimated at $50 million when lease options, revenue sharing, and the available and pursued tax credit benefits are considered.
Source: LoftWerks, Inc.
These projects coat-tail the Ambrose Building renovation in Nashville, which is nearing completion. "The impact of these three projects truly puts us in the forefront of the effort that is right now transforming downtown Nashville," said LoftWerks CEO Dennis Ammerman. "Our original idea is working as ever, and is creating a magnet for bringing life to the downtown area. We're creating a community where people truly desire to live, because of the lifestyle it offers."
This announcement comes on the heels of LoftWerks' successs in the private funding arena. A $20 million, private debt arrangement for project development was recently obtained through the efforts of Consultech Construction and its Director-General Petar Vucicevich. "These projects, and the use of private funding are indicative to the approach we intend to take from now on," said Ammerman. "We are confident that our funding approach will create shareholder value in the long run, and will allow us to develop the gamut of our overall vision as an organization."
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.
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