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Strategies & Market Trends : LFWK - Loftwerks Inc.
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From: jmhollen4/19/2006 2:10:51 PM
   of 363
 
LFWK /Sulja Bros. Merger Leads to Lumber Supply Agreement With Liberian Government Margin on Staple Could Increase From 12% to 31%

WINDSOR, ON, Apr 19, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that a Liberian supplier of mid- and high-grade lumber cut to traditional North American building lengths and standards will finalize a Preferred Vendor Status Contract with Sulja Bros. as soon as is practical considering the sanctions soon to be lifted from the Liberian timber industry.

A Liberian official earlier said that the country is embarking on a vigorous post-conflict Economic Recovery Program with the intent of placing the country on a viable economic path.

The supply-side contract could increase margins by as much as 19% (12-31%) per annum. The dialogue has also opened venues for further transactions that include Sulja actively seeking out North American suppliers of traditional staples and infrastructure materials like asphalt, low-cost, modular housing structures, and even rice.

Petar Vucicevich, Director General of Consultech Construction Management, Inc., also re-iterated (from an earlier release) that revenue projections for Sulja should exceed $50 million for the twelve-month period following the completion of the merger and the broader market opportunities that await the post-merger Sulja Bros. The financial reports for Sulja Bros. are available for viewing at www.suljabros.com.

SOURCE: LoftWerks, Inc.

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