Poorboy
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Post by Poorboy on Mar 23, 2006 14:42:29 GMT -5
Go read the latest news on LFWK!!! : : : : : :
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Post by LoveToFly on Mar 23, 2006 14:44:21 GMT -5
LoftWerks, Inc. (LFWK) Announces Waiver of Debt: Consultech Waives $10M Loan in Lieu of Successful Merger With Subsidiary Sulja Bros.
NASHVILLE, TN, Mar 23, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that its $10M loan obligation with Consultech Construction Management, Inc. has been waived in lieu of the successful merger agreement with CCM's subsidiary, Sulja Brothers Building Materials , Ltd. This was part of the overall prerequisites enumerated by CCM Director General, Petar Vucicevich, as necessary to complete the migration of CCM's Midwest operations into the LFWK public vehicle. LFWK CEO Dennis Ammerman stated that the loan waiver will create an attractive bottom line and share value to loyal investors. A spokesperson for Consultech Construction Management fully concurred with the announcement and stated that the path to a complete merger of CCM's Midwest operations into the LFWK vehicle was now an imminent formality.
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.
SOURCE: LoftWerks, Inc.
Copyright 2006 Market Wire, All rights reserved.
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SUBJECT CODE: Real Estate and Construction:Construction Real Estate and Construction:Residential Real Estate Real Estate and Construction:Commercial Real Estate
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Post by LoveToFly on Mar 23, 2006 15:00:42 GMT -5
News from earlier today...
LoftWerks, Inc. (LFWK) CEO in Windsor to Finalize Sulja Merger: Consultech to Seek Regional Project Venues
NASHVILLE, TN, Mar 23, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that that its CEO, Dennis Ammerman, is in Windsor, Ontario to execute the necessary documents to move ahead with merger plans with Sulja Bros. Building Materials, Ltd. (owned by Consultech Construction Management, Inc.). This will mark the beginning of the complete migration of Consultech's Midwest operations into the LFWK public vehicle. Consultech's Director General, Petar Vucicevich, has vowed to add to the LFWK list of ongoing projects by seeking building sites in Louisville, Savannah, and other nearby, regional metropolitan venues. The LFWK/Sulja Bros. merger is expected to finalize over the upcoming weekend. LFWK will announce further details as is practical.
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.
SOURCE: LoftWerks, Inc.
Copyright 2006 Market Wire, All rights reserved.
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Post by LoveToFly on Apr 5, 2006 8:11:05 GMT -5
More news from yesterday... LFWK Carries Momentum Through Final Formalities of Sulja Bros. Merger NASHVILLE, TN, Apr 04, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that its imminent merger with Sulja Brothers Building Material, Ltd. is proceeding smoothly despite normal documentation and legal formalities. All should be finalized in the next days. A company spokesperson confirmed that a highly regarded Madison Avenue law firm is in the final stages of producing the required merger documents, and that both companies have been provided with a Closing Documentation Checklist which is well toward its completion. According to Petar Vucicevich, Director-General of Consultech Construction Management, Inc., the parent company of Sulja Brothers, business is proceeding as if the merger has already been completed. "It's easy to let the nagging technical and legal details of this process slow down the progress of the merger," he said. "However, we see no significant barriers ahead, and we are excited by the opportunities resulting from the combined talents of these two companies." Vucicevich also announced that revenue projections for Sulja should exceed $50 Million for the first twelve-month period following the completion of the merger. These projections are based on financial information available for viewing at www.sulja.com. 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. SOURCE: LoftWerks, Inc.
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bg317
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Post by bg317 on Apr 5, 2006 8:12:48 GMT -5
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Post by Islandtime on Apr 5, 2006 9:37:22 GMT -5
Thanks for the news! Just waiting for them to run???
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Post by LoveToFly on Apr 10, 2006 11:41:55 GMT -5
More news today 4/10 LFWK Finalizing Sulja Bros. Merger NASHVILLE, TN, Apr 10, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that its merger with Sulja Brothers Building Material, Ltd.is proceeding smoothly. All formal agreements should be finalized in the next few days. A company spokesperson has confirmed that a highly regarded Madison Avenue law firm is in the final stages of rendering the executable merger documents, and that both companies have been provided with a Closing Checklist. According to Petar Vucicevich, Director-General of Consultech Construction Management, Inc., the parent company of Sulja Brothers, business is proceeding as if the merger has already been completed. "It's easy to let the nagging technical and legal details of this process slow down the progress of the merger," he said. "However, we see no significant barriers ahead, and we are excited by the opportunities resulting from the combined talents of these two companies." Vucicevich also announced that revenue projections for Sulja should exceed $50 Million for the first twelve month period following the completion of the merger. The financial reports for Sulja Bros. are available for viewing at www.sulja.com. 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. SOURCE: LoftWerks, Inc. Copyright 2006 Market Wire, All rights reserved.
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
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Post by rmeek1 on Apr 10, 2006 12:19:12 GMT -5
C'mon LFWK, start the run, baby!
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Post by Islandtime on Apr 10, 2006 15:21:03 GMT -5
Seems that most? already knew of the outcome? And have already adjusted for it?? It's the only reason it won't run at this point?? IMVHO? I hope when actual Money (profit) they are making then it should rise Quite a bit? I needed it to rise..like yesterday ..lol Eagle 1, Do you know the AS/OS for them??..TIA Island
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
Posts: 757
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Post by rmeek1 on Apr 10, 2006 16:32:19 GMT -5
DO you think we'll get a pop when the news that it's complete comes along? Seems like there are some pretty intensive plans in the works. Terry
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Post by Islandtime on Apr 10, 2006 19:10:19 GMT -5
Terry,
I think the MM's are playing games with this one? I've been watching L2 and it is kind of obvious they are keeping it depressed for some reason??$$.LOL
I think they are trying to get as many share shaken out of people as they can? Rumor has it they have a very low float?(please don't quote me on that) ;D I will try to find out more?
Wish me luck.LOL
Island
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Post by carats4me on Apr 10, 2006 19:50:44 GMT -5
I read in some site the AS is 500 million, 200 million reserved for the other company they are merging with (Sulja and another one?), LFWK owner has 100 million shares, and the rest is held by insiders, excep 17 million only in the float. It trades the entire float in about two days!!!
Let me add the insiders have PR that they have been buying in the open market, last time at 0.048 ( about 5 million shares). I dont think they are planning on losing money, dont you think?
MM's are short big time in this one ( especially NITE), to the tune of hundreds of millions of shares according to some informal counts.
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
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Post by rmeek1 on Apr 10, 2006 22:03:57 GMT -5
Guys and gals... I think our hot stock site mentioned this a while ago will research and get back to you. Terry
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
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Post by rmeek1 on Apr 10, 2006 22:20:42 GMT -5
carats4me and others, On the hot stock site Mar 12 MSG by Eagle1 gives some detail and then page 6 current site and then this msg by Island gives a PR and and pink sheet link for share structure. It's long bear with me... I love this part from their(LFWK) March 10th PR:: NASHVILLE, TN, Mar 13, 2006 (MARKET WIRE via COMTEX) -- CEO Dennis Ammerman reiterated today that anyone planning to flout LFWK (OTC: LFWK) stock in a "shorting position" would do so while bearing the full brunt of every available resource at the company's disposal that can be aimed to render them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman, " We can help open the door to companies that rely solely on public market funding to reclaim their rightful roles of benefactor and driving force of true and accountable shareholder value." -- LoftWerks' share structure is: 500 million shares Authorized. -- 200 million of these shares are held in treasury for M & As and Dennis Ammerman owns 100 million shares that are Restricted. The share structure will be posted at www.loftwerks.com by March 14, 2006. The Pink Sheets website will be updated by Tuesday March 14th, 2006. CEO Dennis Ammerman stated; "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.' Insiders have expressed interest in selling blocks of shares back to the company at a later date. The shares can be introduce back into the market after LoftWerks' plans are executed, and the short sellers can complete their buy-in at a much higher price. Short Seller Captured Capital will prevent dilution of the current shareholders' value while providing insulation to the current shareholder from the effects of high-volume sell-offs." www.pinksheets.com/quote/news.jsp?symbol=LFWK Carats4me you're pretty close. I think this stock is being squeezed for not playing ball the conventional way. But hey, guess what a positive PR will set free any company. IMHO PS. We have alot of facts on all of these sites. I wish there was a way we could all pull like threads from every site together so we wouldn't lose past information!! Terry
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Post by carats4me on Apr 11, 2006 7:31:30 GMT -5
By: mizzmuze 11 Apr 2006, 08:20 AM EDT Msg. 10876 of 10876 (This msg. is a reply to 10854 by eelfland.) Jump to msg. # Eel, from the dividend PR: "The plan calls for a regular quarterly dividend of $0.0025. The 300 million shares represented by Consultech and LFWK CEO Dennis Ammerman will return the dividend to the company's Operations Accounts. Two Insiders that represent 86 million shares have agreed to return the dividend to the company as well." There are 114 million shares that would be paid dividends. The company should not issue a large cash dividend, as most of its cash should be used to run the business. However, a tiny dividend would serve the purpose of exposing the number of shares held in street name since brokers would have to report every single share in accounts to receive the divvies. That would suit me just fine!
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