LFWK News...
LFWK/Sulja First Plans for Expansion
Projected at $22M Within One Year
Apr 11, 2006 1:00:00 PM
NASHVILLE, TN -- (MARKET WIRE) -- 04/11/06 -- LoftWerks, Inc. (OTC: LFWK) today announced its first post-merger project with new partner, Sulja Brothers Building Materials, Ltd. This project involves the development and construction of a state of the art lumber distribution center in the Detroit area. LoftWerks Chairman of the Board Dennis Ammerman will consult on the construction of the facility, and will utilize materials from this location for all urban revitalization projects in the Midwestern region of the United States. "This facility will greatly enhance our productivity and efficiency through coordinated material acquisition," he said. "It will help us control costs, and streamline our distribution process."
Sulja Brothers is also planning a second, identical facility in Louisiana, just outside of the New Orleans metropolitan area. "This location really excites us," said Ammerman, since our primary and current focus has been projects in Southeastern urban areas. "Post-Katrina urban redevelopment offers almost unlimited opportunity for the implementation of our overall vision for revitalizing blighted city centers."
Petar Vucicevich, Director-General of Consultech Construction Management, Inc., the parent company of both LoftWerks and Sulja Brothers, identified the end of June 2006 as the projected completion date for the Detroit facility. "Sulja Brothers should realize revenues in excess of $22 Million by the end of its fiscal year with the addition of this completed facility," he said. "We expect similar revenue generation when the Louisiana facility comes on-line."
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. |
