LFWK -- LoftWerks, Inc. Explains Definition of "Short Seller Captured Capital"
NASHVILLE, TN, Mar 07, 2006 (MARKET WIRE via COMTEX) -- CEO Dennis Ammerman reiterated today that anyone planning to flout LFWK stock in a "shorting position" would do so while bearing the full brunt of every available avenue aimed at rendering them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman. "They've made a mistake this time, one that will cost them a great deal, and open the door to companies that rely solely on public market funding to reclaim their rightful roles of benefactor and driving force of true and accountable shareholder value."
LoftWerks' (OTC: LFWK) share structure is: 500 million shares Authorized.
200 million of these shares are held in treasury for mergers and Dennis Ammerman owns 100 million shares that are Restricted.
The share structure will be posted at www.loftwerks.com by March 14, 2006 The Pink Sheets website will be updated by Tuesday March 14th, 2006.
CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.'" Insiders have expressed interest in selling blocks of shares back to the company at a later date. The shares can be introduced into the market. After Loftwerks' plans are executed, the short sellers can complete their buy-in at a much higher price. Short Seller Captured Capital will prevent dilution of the current shareholders' value while protecting those shareholders from naked short-selling.
Shares issued through the current open Rule 504 filing for merger expenses are issued at the closing ask price on the day of issuance.
LoftWerks is on schedule to complete the merger with Sulja Bros. Building Supplies, Ltd. Sulja is the primary distribution arm of Consultech's Midwest operations. 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.
Shortly after the merger with Consultech's Sulja Bros. Building Supplies, Ltd., Loftwerks will complete the merger with Consultech Construction Management, Inc.'s Midwest office. That office is currently in negotiations with Federal, State, and Local officials to procure storm relief work outside Biloxi, Mississippi more details will be released at a later date.
SOURCE: LoftWerks, Inc.
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