LoftWerks, Inc. Nears Completion of Ambrose Building Project
Monday February 27, 1:57 pm ET
NASHVILLE, TN--(MARKET WIRE)--Feb 27, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced that its Ambrose Building conversion project in downtown Nashville is nearing completion. According to LoftWerks CEO Dennis Ammerman, the presales on the refurbished former office building have been outstanding. "We already have fifteen units under long term contract. At this time, there are only six units remaining and we anticipate complete occupancy in the very near future," said Ammerman. "We have converted this old building into top-end residential lofts and ground floor commercial and retail space. This project really showcases our overall concept for urban renewal and neighborhood rejuvenation."
ADVERTISEMENT
The completion of this project coincides with the ongoing merger process between LoftWerks and Consultech Construction Management, Inc. "We anticipate the completion of the merger within the next thirty days," said Ammerman. "We will be releasing details of this ongoing process as they become available. We are really excited about the opportunities for increased shareholder value which are sure to be a result of this merger."
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.
Contact:
--------------------------------------------------------------------------------
Source: LoftWerks, Inc. |
