LFWK/Sulja Execute Documents to Finalize Long-Awaited Merger
Friday April 28, 12:44 pm ET
WINDSOR, ON--(MARKET WIRE)--Apr 28, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced that all pertinent documents related to its merger with Sulja Brothers Building Materials, Ltd. have been executed, finalizing the merger process. All appropriate officers and directors of LFWK, Inc. and Sulja, the primary players in the merger process, reviewed, approved, and executed the documents today. "We are confident that every detail has been addressed," said new LFWK CEO Steve Sulja. "We believe that we have completed a process which will allow us to rapidly reward our loyal shareholders who have supported us through these merger negotiations. Our new structure should certainly provide a platform for increasing our share value," he said.
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An LFWK spokesperson also stated that the company would now be moving into the next phase of the merger transaction. Forms and filings pertinent to the deal will now be expedited to the Securities and Exchange Commission. "We have retained the services of Adam S. Gottbetter, the founding partner of Gottbetter & Partners, LLC," he said. "This is an internationally acclaimed Securities law firm, headquartered in New York City. Mr. Gottbetter will be handling the filing of our 15c-211 and Form D with the SEC, and we look forward to a long and fruitful relationship with him," said Sulja.
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. |
