|"Furthermore, with our Investor Relations functions being performed by the Wessal International Group, we are rapidly expanding our business in the Middle East, as well as gearing up to supply our new and future projects through our parent company Consultech," he said.|
SLJB - Sulja Brothers Building Supply, Inc. - News:
LoftWerks/Sulja Bros. Complete Name Change
WINDSOR, ON, Jul 28, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (PINKSHEETS: LFWK) today announced that it has finalized the process of changing the name of its post-merger entity. The name of the Company has been changed from LoftWerks to SULJA BROS. BUILDING SUPPLY, LTD. The new trading symbol for the company's common stock will be "SLJB."
"We are very pleased to have our household brand name finally processed by the State of Nevada and the NASDAQ as well," said company CEO Steve Sulja. "Furthermore, with our Investor Relations functions being performed by the Wessal International Group, we are rapidly expanding our business in the Middle East, as well as gearing up to supply our new and future projects through our parent company Consultech," he said.
SOURCE: LoftWerks, Inc.
WINDSOR, ON -- (MARKET WIRE) -- 07/31/06 -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that the company is releasing financial information to its shareholders. Sulja Brothers Building Supplies earned $63,047,611.00 during the 12 months from June 1, 2005 to May 31, 2006. The company made $28,371,424.95 gross profit with a $26,023,991.63 in pre-tax profits. Net profits were $15,879,839.69. The monthly financials for 2005 and the pro forma for 2006 will shortly be available at www.suljabros.com.
CEO Steve Sulja stated: "We had a good year in the latter part of 2005, thanks to our expansions in the Middle East. A large portion of 2005 profits and revenues can be attributed to our Middle Eastern Operations. We are expecting greater net profit performance in 2006."
A Red Sea Group spokesperson commented: "Sulja Brothers had an excellent year with major growth expected in the coming years. Our initial assessment to determine eligibility for Sulja Brothers to meet the NASDAQ requirements was based upon the current net profit of Sulja Bros."