SLJB- WOW!!!

[Poorboy]

Sulja Bros. Building Supplies Ltd. -- Wessal International Is Purchasing 25% of Sulja Brothers
TUESDAY, AUGUST 08, 2006 12:58 PM
- Market Wire
SLJB
0.075 -0.006

WINDSOR, ON, Aug 08, 2006 (MARKET WIRE via COMTEX) -- A Sulja Brothers Building Supplies (PINKSHEETS: SLJB) company spokesperson announced today that Wessal International is purchasing 25% of Sulja Brothers in the open market. Wessal International is the parent company of Red Sea Group. Red Sea Group was recently selected to strengthen Investor Relations in the Middle East.

CEO Steve Sulja stated: "Sulja Bros. initial business reach into the Middle Eastern market is attracting new investors. Wessal International's President, Ahmed Khalil Al-Muslmani, is buying 25% of the company. No more shares are being issued by Sulja Bros; therefore, Mr. Al-Muslmani has to buy in the open market. By law, this press release is the disclosure of Wessal International's offer and buying can commence in the open market immediately. We are very excited over the interest our company has received in the Middle East. Mr. Al-Muslmani has been watching our growth in large projects and stated his offer at the project closings in Germany. We warmly welcome Wessal International to the family of Sulja Bros. shareholders."

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: Sulja Bros. Building Supplies Ltd.


Copyright 2006 Market Wire, All rights reserved.

J :: :: ::

[LoveToFly]

YES!




1 karma for you poorboy

[rmeek1]

JMHO,
If SUlja Bros are Islamic, this could be the payoff for the 25 million dollar loan. If they are being governed by Islamic Law there is no interest. There has to be a trade or a stake, like we see now to offset the deal. This guy is a whale in the ARAB world. Let's see, the man who has all the contacts and perhaps the majority of the money and or deals in the area, just joined the supplier for the buildings he wants built and oh by the way , has a 25 % interest in the company the supplier and construction company. Can you say $5.00 per share , in the next 12 months or sooner, JMHO.
Terry

[Poorboy]

How do you come to the $5.00 PPS?

J

[rmeek1]

The Company has said they're going to go to the AMEX or NASDAQ. They'll need 3-5 dollars a share to do that. They needed a vehicle to do that (LFWK) and found it. This vehicle is for the next higher board. A man, who is President of Wessal Investment Group, parent company of RED Sea group, invests in SULJA. Gives them 25 million, they're Islamic, perhaps no interest loan and the exchange is 25% cut in the SULJA Bros company, I'll bet it's a loan that will be forgiven because it would serve a greater purpose to boost PPS in order to make the next exchange and benefit all concerned. Tomorrow the pro forma, the percursor to the the real McCoy financial release will be realized. I'll bet it'll be gang busters of the type it'll project SLJB to the next level. I'm just guessing but this the best company weve come across ina long time, maybe of the magnitude of FHAL or EXBX. Just a guess. A lot of reading about DUBAI, Wessal, Emaar, and SULJA, and Consultech. This will be a great synergy. We'll see.
GLTA