Published: July 26, 2006
Wessal International, Parent Company of the Red Sea Group, Announces Joint Venture With LoftWerks/Sulja
LoftWerks/Sulja (PINKSHEETS: LFWK) today
announces that Wessal International, parent company of Red Sea Group which
has been handling all investor relations and promotion of LoftWerks/Sulja
in the Middle East, has full intention to move forward with a joint
venture.
Wessal International is an internationally renowned company whose
portfolios include everything from oil allocations to construction. Wessal
International President Ahmed Khalil Al-Muslmani states: "The potential of
Sulja Bros. in the Middle East is phenomenal. We believe that the parent
company would be better suited to manage the investor relations and
promotion of this entity in our region. Therefore, we are happy to announce
this new venture." He also stated: "We will move quickly and efficiently to
ensure that we claim our portion of the revenues from all the construction
that is happening in this region. We are certain that this will enhance
confidence for everyone involved with Sulja as well as Wessal
International." Documents necessary for this new venture are expected to be
signed and finalized within a few weeks.
This contains forward-looking information within the meaning of The Private
Securities Litigation Act of 1995. Forward-looking statements may be
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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