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Non-Tech : SLJB - Sulja Brothers Building Supply, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: scion who wrote (1262)12/30/2006 3:15:14 PM
From: tonto  Read Replies (3) | Respond to of 1681
 
Nannaco CEO resigns from firm
San Antonio Business Journal - March 15, 2004



San Antonio-based Nannaco Inc. (OTCBB: NNCO), on Monday announced that Andrew DeVries III has resigned from the firm as chairman and chief executive officer effective immediately.

Meanwhile, the board of directors has selected Steve Careaga to fill the role of CEO. Careaga was the founder and CEO of several ventures throughout his career, including Harbor Medical Inc., a medical products distribution company.

DeVries says part of the reason for his departure is that his business strategy is better suited for the private company environment.

"It has become clear to me over the past few months that Nannaco is not the best vehicle for my personal growth and business strategy, which stresses a diverse mix of consulting services for varied industries and companies," DeVries adds.

"Nannaco and the public markets need the communication of and leadership in a simple, effective business strategy. Steve Careaga is an excellent choice by the board of directors in pursuing this near term goal," DeVries says.

Nannaco is a project development and consulting firm.

ANDREW DEVRIES, III is President and Principal Shareholder of Nannaco, Inc. He
founded Nannaco in 1998 and has served as President since that time. Mr. DeVries
develops the policies and objectives of Nannaco. He manages market planning,
advertising and public relations, and he directs sales and distribution. Prior
to this, Mr. DeVries was Sales Director for Internet Direct, Inc. in San Antonio
from 1994 to 1997. In 1993, Mr. DeVries founded DeVries and Associates, a
financial services company and served as its president until the founding of
Nannaco. Mr. DeVries holds a Bachelor of Arts from North Texas State University
and a Master of Arts from the University of North Texas



To: scion who wrote (1262)12/30/2006 4:15:44 PM
From: tonto  Read Replies (1) | Respond to 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.