LoftWerks Announces Domestic JV With Kore International Mgt., Inc.:
Monday December 19, 10:54 am ET
Targets Savannah and New Orleans: $8M Allotted by Kore
NASHVILLE, TN--(MARKET WIRE)--Dec 19, 2005 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) 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." |
