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Non-Tech : Under $0.05 stocks

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From: jmhollen4/18/2006 2:28:13 PM
   of 696
 
LFWK -- LoftWerks Announces Resignation of CEO: Successor to Begin Tenure Immediately

NASHVILLE, TN, Apr 18, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that the planned resignation of CEO Dennis Ammerman had been accepted pursuant to its merger plans and reorganization concept. Mr. Ammerman will relinquish day-to-day control of operations immediately, and be succeeded by new CEO Steve Sulja. "I am happy to hand things off to such a capable leader," said Ammerman. "I believe that Steve will ably handle the post-merger challenges and opportunities that will arise for our new ventures," he said.


Sulja, 38, is currently Director of Sales and Marketing for both Consultech Construction Management, Inc. and Sulja Brothers Building Materials, Inc., which are both principal players in the post-merger entity which will be created. "I am so excited by the opportunities inherent in this new venture," he said. "I believe that we are creating something really special for our shareholders, and I can't wait to address the challenges and possibilities which await."

SOURCE: LoftWerks, Inc.

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