Published: August 17, 2006
Sulja Bros. Building Supplies Negotiates Acquisition of Lumber Mill
Sulja Brothers Building Supplies, Ltd.
(PINKSHEETS: SLJB) announced today that it is acquiring a lumber mill with
operations in both the Province of British Columbia and the State of
Washington.
CEO Steve Sulja stated: "We have decided to remove the middle man in our
supply chain. The acquisition of the lumber mill will decrease our
finished lumber product costs by over 30%. The decrease in finished
product price will make us more competitive in the North American bid
process and will increase our market share of projects. More details will
be released after the closing papers are completed. Sulja Bros. will
strengthen and utilize the full potential of the lumber mill supply chain
to create sustainable shareholder value."
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 result 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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