LoftWerks Announces Domestic JV With Kore International Mgt., Inc.: December, 2005
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LoftWerks, Inc. (OTC: LFWK) today announced a joint venture agreement with Kore International Management, Inc. and has identified two project venues. The proposed sites are Savannah, Georgia, and New Orleans, Louisiana. Initial venues will be managed by Kore International Inc. corporate officials along with Dennis Ammerman, CEO of LoftWerks, Inc. The projects will encompass residential facilities and commercial building refurbishings. Kore officials say that $8M (USD) will be allocated as the initial budget for property acquisition. "These projects serve many purposes for LoftWerks," said Ammerman. "Primarily, we will exhibit our design techniques and accessories that accentuate the elements we think have strong ties to the urbane 'Southern lifestyle' and the culture of a bygone era," said Ammerman, LoftWerks, Inc. CEO. "We are fortunate to have a partner like Kore that shares our vision and ideals."
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.
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