LFWK PR!!

[rmeek1]

Guys this one may be about to launch after they decided there will be NO R/S...

Terry

LoftWerks/Sulja Announces Changes to Previous Press Release
7/25/2006 11:51:23 AM
WINDSOR, ON, Jul 25, 2006 (MARKET WIRE via COMTEX) -- LoftWerks/Sulja (PINKSHEETS: LFWK) announced today that the company will not reverse split its shares. A company spokesperson commented: "The Company believes that the net earnings already booked will easily raise the share price to an acceptable level."

CEO Steve Sulja stated: "After reviewing all the documentation and consulting with the Red Sea Group, we have come to the conclusion that there is no need to reverse our shares. Price appreciation of our shares should easily beat the NASDAQ requirements for up listing. Our net earnings will raise the eyebrows of many investors."

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.

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[smcj3]

Anyone know what the min. requirements are.

[rmeek1]

I'll have to look it up but I believe the minimum is $1.00 PPS. Also, the company just changed over to Rea Sea Group for their Investors Relations. It may mean an Arab company that is soliciting Arab money. Look at this PR and look at the price and plans for the company since Sulija Bros. took over. It appears to be very solid. This Middle East investment will pay off IMHO.

Here's the post:LoftWerks/Sulja -- Red Sea Group Replaces Kore International for Investor Relations
7/14/2006 10:08:41 AM
WINDSOR, ON, Jul 14, 2006 (MARKET WIRE via COMTEX) -- A LoftWerks/Sulja (PINKSHEETS: LFWK) company spokesperson announced today that Kore International has reached a mutual agreement with Red Sea Group to strengthen Investor Relations. All Investor Relations functions will be performed by Red Sea Group in the near future.

Red Sea Group is located in Abu Dhabi, United Arab Emirates. Red Sea Group will introduce current LoftWerks/Sulja Abu Dhabi and Saudi Arabian projects to Middle Eastern investors in conjunction with the Investor Relations function.

CEO Steve Sulja stated: "Consultech's initial business reach into the Middle Eastern market is rapidly expanding. LoftWerks/Sulja is gearing up to supply these large projects."

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.

SOURCE: LoftWerks, Inc.



Terry

[tobydufrene]

Interesting find, definetely positive news, bought in today at 0.045 probable going to hold on for at least a few days. I think your right this stock might just take off.

[tobydufrene]

This is positive news rmeek ...............compliments of yahoo finance ...........CEO Steve Sulja stated: "After reviewing all the documentation and consulting with the Red Sea Group, we have come to the conclusion that there is no need to reverse our shares. Price appreciation of our shares should easily beat the NASDAQ requirements for up listing. Our net earnings will raise the eyebrows of many investors."

[rmeek1]

smcj3,
Here's what I found on minimum pps:

common stock is subject to delisting from the Nasdaq Capital Market as a result of failure to comply with the $1.00 per share bid price requirement for 30 consecutive days as required by Nasdaq Marketplace Rule 4310(c)(4). In accordance with Nasdaq Marketplace Rule 4310(c)(8)(D), the company will be provided 180 calendar days to regain compliance. If at anytime the bid price of the Company's common stock closes at $1.00 per share for 10 consecutive days, the Nasdaq staff will provide written notification that the Company complies with the minimum bid price rule.
Hope this helps,
Terry