Published: April 11, 2006
LFWK/Sulja First Plans for Expansion
Projected at $22M Within One Year
LoftWerks, Inc. (OTC: LFWK) today announced
its first post-merger project with new partner, Sulja Brothers Building
Materials, Ltd. This project involves the development and construction of a
state of the art lumber distribution center in the Detroit area. LoftWerks
Chairman of the Board Dennis Ammerman will consult on the construction of
the facility, and will utilize materials from this location for all urban
revitalization projects in the Midwestern region of the United States.
"This facility will greatly enhance our productivity and efficiency through
coordinated material acquisition," he said. "It will help us control
costs, and streamline our distribution process."
Sulja Brothers is also planning a second, identical facility in Louisiana,
just outside of the New Orleans metropolitan area. "This location really
excites us," said Ammerman, since our primary and current focus has been
projects in Southeastern urban areas. "Post-Katrina urban redevelopment
offers almost unlimited opportunity for the implementation of our overall
vision for revitalizing blighted city centers."
Petar Vucicevich, Director-General of Consultech Construction Management,
Inc., the parent company of both LoftWerks and Sulja Brothers, identified
the end of June 2006 as the projected completion date for the Detroit
facility. "Sulja Brothers should realize revenues in excess of $22 Million
by the end of its fiscal year with the addition of this completed
facility," he said. "We expect similar revenue generation when the
Louisiana facility comes on-line."
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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