|To: M0NEYMADE who wrote (144824)||3/9/2006 1:43:42 PM|
|From: lexi2004||Read Replies (1) | Respond to of 208785|
|LoftWerks Announcement: Merger With Consultech (Sulja Bros.) Continues and Shareholder Distribution Disclosures as Requested by Pending LFWK Ownership|
Thursday March 9, 1:15 pm ET
NASHVILLE, TN--(MARKET WIRE)--Mar 9, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced that its merger with Consultech Construction Management, Inc. and particularly, its subsidiary, Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations, has set an initial timeline of 30 days to completion. The move solidifies the certainty of Consultech's imminent migration into the LFWK public vehicle. Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.