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Strategies & Market Trends : LFWK - Loftwerks Inc.

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From: jmhollen	7/25/2006 11:55:23 AM
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LoftWerks/Sulja Announces Changes to Previous Press Release WINDSOR, ON, Jul 25, 2006 (MARKET WIRE via COMTEX) -- LoftWerks/Sulja (PINKSHEETS: LFWK) announced today that the company will not reverse split its shares. A company spokesperson commented: "The Company believes that the net earnings already booked will easily raise the share price to an acceptable level." CEO Steve Sulja stated: "After reviewing all the documentation and consulting with the Red Sea Group, we have come to the conclusion that there is no need to reverse our shares. Price appreciation of our shares should easily beat the NASDAQ requirements for up listing. Our net earnings will raise the eyebrows of many investors." SOURCE: LoftWerks, Inc. .

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