LFWK -- LoftWerks, Inc. Releases Intent to Move to a Higher Exchange
NASHVILLE, TN, Mar 21, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) will merge with Consultech's Sulja Bros. Building Supplies Ltd on or about March 24th, 2006. Plans have been made to compile financials from LoftWerks (LFWK), Sulja Bros Building Supplies, and Consultech Construction Management's Midwest office. The financials for Sulja Brothers have been released to the public at the website: www.suljabros.com. The financials for LoftWerks (LFWK) is available at www.pinksheets.com. The financials will be compiled and audited to make the application to a higher exchange. Details will be released shortly with inclusion of auditors' names and timeline.
CEO Dennis Ammerman stated: "As the paperwork for the merger with Consultech Construction Management's Midwest office is almost completed, plans have been formulated to move to a higher exchange. Consultech is an internationally recognized construction company that is merging part of their operations with LoftWerks (LFWK). It is only logical to start executing plans for an exchange move. Consultech is a remarkable company with best practices and world class products and processes which will benefit all shareholders. The request for integration of all 3 companies' financials is being expedited to minimize delays for Consultech's Gantt chart."
A Consultech company representative commented: "Consultech has already adapted their business model and best practices for application to the new public company. The public should expect to see an immediate effect to the bottom line from the application of efficiencies in overheard and construction costs. We like to keep our operations lean and efficient. The migration to a higher exchange is part of the plans. Consultech's reputation is a high priority and we intend to prove ourselves in the public realm, projections for growth in expansion and earnings will be exponential."
SOURCE: LoftWerks, Inc.
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