SLJB - Sulja Brothers Building Supply, Inc. Message Board

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Non-Tech : SLJB - Sulja Brothers Building Supply, Inc.

SLJB 0.00001000

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Nov 7 9:30 AM EST

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To: scion who wrote (1262)	12/30/2006 4:15:44 PM
From: tonto	Read Replies (1) of 1681

"We are currently receiving numerous requests for cement in the Dubai region and we are aggressively working to meet our client's needs." Moreover, CEO Steve Sulja stated, "We conservatively expect the sale of the cement in Dubai to reach 180 million dollars over the next twelve months. Furthermore we are negotiating a continuous and competitive supplier of structural steel. 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." The series of eye-opening press releases in recent months that talked of US$350-million cement deals or a US $645-million hotel project from a company whose main asset appeared to be a lumberyard in Harrow should have raised questions, he said. The UAE brokerage company mentioned in the OSC allegations said in an interview with The Star that it never closed a $350-million cement deal in September with Harrow-based Sulja Bros. “We never had a contract,” said Hazem Hamaidi, general partner of Ramada General Contracting, reached by telephone in Abu Dhabi, UAE. Hamaidi and his partner Saleh Khateeb said they were completely unaware that Sulja Bros. issued a news release Sept. 5 claiming to have closed a major contract with Ramada.

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