WINDSOR, ON -- (MARKET WIRE) -- 12/05/06 --
A Sulja Bros. Building Supplies (SLJB - news) spokesperson announced a clarification of its September 05, 2006 press release. SLJB made a mistake in the wording and in the timing of the release. Although the statements were made honestly and from the most up-to-date information available to the company at the time, circumstances far beyond the control of SLJB and occurring nearly simultaneously with the completion of the release now serve to have the Company take pause and recant the information. This effort has been put forth previously in the Statement of former CEO Petar Vucicevich on the corporate web site, www.suljabros.com. However, in light of recent questions concerning the press release, the Company is compelled to state in no uncertain terms that the concrete commodities mentioned in that release and the corresponding transaction were indeed cancelled and no contract, even if drafted to finality, was consummated. SLJB hopes that this statement serves to provide a final concurrence or addendum to the entire issue.
The September 05, 2006 press release follows below, presented in its entirety:
Sulja Bros. Building Supplies Ltd. -- Announces Closing of Abu Dhabi Cement Contract
A Sulja Bros. Building Supplies (SLJB - news) spokesperson announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.
CEO Steve Sulja stated: "The cement contract has been finalized, and the contract is officially closed. The contract is for seven million metric tons of cement per year. The cement will be transported to Abu Dhabi, UAE.."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000. The UAE currently faces a shortage in cement production. We are continuously looking to fill this need." |
