CEO Statement: SLJB
From Petar Vucicevich; CEO of Sulja Bros. Building Supplies, Ltd.
10-06-2006
To our shareholders:
As ever, it seems we await the verification process of our final auditors...ad infinitum... Were I to have the capabilities of functioning crystal balls and authority over the timeline of the verification process of our financials, I would be happy to report that the information I had previously received and passed on to you may be disregarded and supplanted by the following "Swiss-movement-like" accurate and date-certain moment in the very near future... I would also be institutionalized for being even more insane than I am already for waiting (as do you all) for the final stamp to come down on the tremendous efforts put forth by our own internal accountancy to produce a clear, concise snapshot of the success we have had and will continue to bring to the bottom-line of our shareholders.
However, I have now concluded that I have no such capabilities. I based this circumstance upon the number of occurrences that I was told in "absolute certainty" that "Big Five" stamp would arrive on a date-certain. The resulting headaches and exacerbations shared by us all lead me to what I now offer to you as my final statement regarding the eminent release of our audit. It recites as follows:
WE HAVE COMPLETED OUR INTERNAL AUDIT AND ARE CONFIDENT IN TERMS OF ITS ACCURRACY AND COMPLETENESS IN TERMS OF ILLUSTRATING THE FINANCIAL STABILITY OF THE COMPANY AND THE EFFICACY OF OUR PUBLIC STATEMENTS REGARDING THE NUMBEROUS AND VARIED VENTURES WE ARE NOW FORTUNATE TO BE A PART OF... WE HAVE PASSED ON THIS REPORT AND ALL SUPPORTING DOCUMUENTATION USED IN ITS PREPARATION TO OUR FINAL INDEPENDENT THIRD-PARTY AUDITOR. WE ARE UNABLE TO OFFER A DATE-CERTAIN RELEASE OF THEIR FINDINGS AS WE DO NOT KNOW (NOR ARE WE OVERLY CONCERNED WITH) THE IN-DEPTH NATURE OF THEIR OWN IN-HOUSE PROCEDURES. WHAT WE HAVE GIVEN TO THEM WAS ACCURATE AND COMPLETE. THEY WILL WORK THIS OUT FOR THEMSELVES ACCORDING TO THEIR OWN IDEALS OF PROPER TIMEFRAMES AND REGARD FOR SHAREHOLDER CONCERNS. WE SIMPLY CANNOT PREDICT NOR RELY UPON INFORMATION FROM OUTSIDE SOURCES ABOUT WHEN THIS WILL TAKE PLACE. THEREFORE WE WILL NOT ATTEMPT TO DO SO ANY LONGER...IT WOULD PROVE TO BE FUTILE. IT HAS ALREADY PROVEN TO BE A WASTE OF TIME AND ENERGY BY US ALL.
That said, I am happy to announce another acquisition to SLJB. We have finalized the transaction which has brought SAM Building Materials, Ltd. to SLJB. SAM is headquartered in Windsor, ON, Canada and has been in business for more than six years. They have already garnered more than 10% of the regional market share of drywall supply in the area. While drywall represents the Company's largest sector of the building supply industry in and around Windsor, SAM does in fact offer a full line of insulation, steel stud wall systems, acoustical ceilings, and other materials that qualify it as a Full-Service GSD supply house. SAM immediately infuses $6M to the SLJB bottom-line. We are pleased to have them on board as we progress to our ultimate goal of becoming an internationally recognized leader and essential vendor for projects worldwide.
As always, I conclude with my thanks to our shareholders and to the ever-diligent staff here at the Company. We are making every effort to provide information to those concerned in as timely a fashion as we are capable. We will release audit information as WE receive it and expect fully to pass on exactly what our own in-house staff has reported internally. Your patience is appreciated.
Truly,
Petar Vucicevich, CEO, SUB
suljabros.com
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