Sulja Bros. Building Supplies Negotiates Acquisition of Lumber Mill
WINDSOR, ON, Aug 17, 2006 (MARKET WIRE via COMTEX) -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that it is acquiring a lumber mill with operations in both the Province of British Columbia and the State of Washington.
CEO Steve Sulja stated: "We have decided to remove the middle man in our supply chain. The acquisition of the lumber mill will decrease our finished lumber product costs by over 30%. The decrease in finished product price will make us more competitive in the North American bid process and will increase our market share of projects. More details will be released after the closing papers are completed. Sulja Bros. will strengthen and utilize the full potential of the lumber mill supply chain to create sustainable shareholder value."
Sulja Bros. Building Supplies Ltd. Announces Strategic Investor Relations Firm
WINDSOR, ON, Aug 21, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB) has hired Marquee Asset Management as their Investor Relations firm. Starting today, Marquee Asset Management will accept calls on behalf of Sulja Bros.
CEO Steve Sulja stated: "We are happy that Marquee Asset Management has accepted our offer. They have done well in the private sector and we are confident their abilities are well suited for handling the investor relations for Sulja Bros. We will heavily rely on their experience to help Sulja Bros. reach the share price targets necessary to achieve our up listing goals."
About Marquee Asset Management:
Headquarter in Florida; Marquee Asset Management's principals have handled investor relations, public relations, and financial investing for an impressive list of clients. Our employees are versed in the public and private markets and recently formed the corporation at the request of Sulja Bros. Building Supplies and Consultech. With proven expertise in developing and executing highly effective strategic communications programs and an extensive network of investment community contracts, Marquee Asset Management specializes in helping clients achieve their capital markets objectives. Marquee Asset Management offers a comprehensive suite of services including: investor relations, public relations, asset management, multimedia and web design, and corporate branding. For further information, please visit http://www.marqueeasset.com
Sulja Bros. Building Supplies Receives Favorable Coverage in the Middle East
WINDSOR, ON, Aug 21, 2006 (MARKET WIRE via COMTEX) -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that Wessal International and Sulja Bros. received favorable press coverage in Middle Eastern newspapers and magazines.
CEO Steve Sulja stated: "With our rapid expansion in the Middle East, we have received a large interest in Sulja Bros. and our company stock. We have recently received third party articles and coverage in Emirates Al-Youm, Al-Bayan, Al-Khaleej, and Al-Etihadal Iktisady. The articles detailed the relationship between Wessal International and Sulja Bros.; mentioning the current open request of Wessal International to purchase SLJB stock on the open market. We are getting great response from Middle Eastern investors about the articles. Wessal International is pleased with the interest from investors."
Sulja Bros. Building Supplies Releases Share Structure
WINDSOR, ON, Aug 22, 2006 (MARKET WIRE via COMTEX) -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that the company is releasing the current share structure to the investing public. Sulja Bros. currently has 800 million shares authorized with 500 million shares outstanding. All share counts have been rounded to the nearest million.
CEO Steve Sulja stated: "The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float. The number of inside owners, of 10% of common class shares, decreased after the reverse merger. The increase of outstanding shares from 200 million to 500 million excluded holders of 20 to 50 million shares from insider status. Basically, three insiders with 40 million shares from the open market did not meet the 10% of class rule; therefore, they are no longer considered insiders."
Sulja Bros. Building Supplies Completes Asset Transfer
WINDSOR, ON, Aug 23, 2006 (MARKET WIRE via COMTEX) -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) completed the asset transfer to the State of Nevada. Sulja Bros.' attorneys have paid all creditors and liens on the assets prior to the move. The balance sheet has been forwarded to auditor to complete our financials.
CEO Steve Sulja stated: "The State of Nevada has received the assets. The balance sheet has been sent to our auditor and we expect to have the audited financials completed in mid-September. We are pleased to update our shareholders of the asset and audit progress. KPMG and Price Waterhouse Coopers will complete the audit and the assets are contained in the upcoming audited financials. Our shareholders have requested an update through Marquee Asset Management and we are listening to the concerns. We continue to gain new work and have some exciting updates to be released."
Sulja Bros. Building Supplies Receives Initial Coverage From Knobia
WINDSOR, ON, Aug 24, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) received initial coverage from Knobias, Inc. (OTCBB: KNBS) on August 23, 2006 The article was favorable and is available at http://www.knobias.com.
CEO Steve Sulja stated: "We received some early coverage from Knobias. The article detailed the undervalued condition of our stock by accepted standards of price and market capitalization. The company believes the condition is temporary and due to being listed on the Pink Sheets. Our takeover of LoftWerks to protect our joint venture interests is the reason we are temporarily on the Pink Sheets. We are clearly not a start-up company, but we are careful about protecting our money invested in a joint venture. The company financial audits will be completed in a couple of weeks. Then a Form 10 will get our company to the OTCBB. Clearly, this is not our final goal. We will seek a NASDAQ listing. The company is making enough net profits to easily justify the NASDAQ move. Our long term investors know we are worth more and within a year, we will give them one of the greatest short term returns in the stock market."
Aug 25, 2006 (M2 PRESSWIRE via COMTEX) -- WINDSOR, ON.- Sulja Bros (PINKSHEETS:SLJB) Building Supplies Ltd., will be featured live on Market News First (www.mn1.com) for an exclusive interview with the MN1 news team and Marquee Asset Management CEO Chad A Curtis. The interview is scheduled for Sept. 4th, 2006 at 10:00 a.m. CDT.
Sulja Bros. (PINKSHEETS: SLJB) is a large distributor of building materials and wood products including concrete, robotic truss manufacturing, lumber mills, and construction management in the Canada, U.S.A., Middle East, Germany, and the Gulf Region. They are rapidly expanding and gaining market share in North America and the Middle Eastern markets.
If you can't listen to the interview live, log onto MN1.com and download the podcast in its entirety.
Sulja Bros. Building Supplies Receives Shareholder Feedback From Marquee Asset Management
WINDSOR, ON, Aug 25, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) received feedback from Marquee Asset Management's CEO Chad A. Curtis asking for details on the previous press releases.
CEO Steve Sulja stated: "We have contracts closed, closed with conditional status, and some in the final stages of negotiations. We will release the details of our contracts in the near future. We will include final revenue with estimated net profits for each contract. We want to remain focused on the terms and conditions of each contract to make sure each party is pleased with the result. After the conclusion, we will release information that shareholders can easily verify.
"Sulja Bros. Building Supplies has been a profitable growing business in the private sector but we are new to the public sector. We are heavily relying on Marquee Asset Management's feedback from our shareholders to correct how we publicly do business. We like to take a Six Sigma approach to all our problems, even when they are not mathematical. Our shareholders' feedback helps us Define, Measure, Analyze, Improve, and Control our communications. The control for this specific problem is the company has built a standard contract press release format including easily verifiable information for our shareholders.
"The company appreciates our shareholders' feedback. Please feel free to discuss any issue with Marquee Asset Management. It is important to our business model to have open channels of communication with our new owners."ssed or implied) will not be realized.
Sulja Bros. Building Supplies Builds a Design Depot in Dubai
WINDSOR, ON, Aug 25, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that the company is building a Design Depot for higher end products and fixtures to supply the builders and developers in Dubai.
Wessel International's President, Ahmed Khalil Al-Muslmani, stated, "With input from Middle Eastern contractors and developers, we are building a central location to supply the projects in Dubai. The Design Depot is located in the city of Dubai. The Design Depot will contain the high-end materials needed to complete our resort project and the Dubai projects. The store will also be available to competing contractors. Our depot will contain the internal building materials such as marble and granite for countertops and floors. High end lighting and kitchen fixtures will be used for project interiors. The finest flooring materials will be shipped through our supply chain to the Design Depot.
"The Design Depot will increase our market share of products shipped to the Middle East. The Dubai location is perfect to maximize the revenues and net profit on our projects."
The same model will be implemented in three North American cities, to be named at a later date.
SOURCE: Sulja Bros. Building Supplies Ltd. / Wessal International Group
DUBAI: Sulja Bros. Building Supplies Ltd. of the UK is building a design depot for higher end products and fixtures to supply the builders and developers in Dubai. "With input from Middle Eastern contractors and developers, we are building a central location to supply the projects in Dubai. - Sunday, August 27, 2006
MF, The SEC has no record of filings submitted by SLJB as far as I could find. I would be careful about the 500,000,000 outstanding shares. This does not look good to me for the long term.
The auditors have the balance sheet and it should be submitted in mid September. I did not see any mention of any other financial statements. They cannot be awaiting OTCBB approval as the financial statements have not been submitted.
Here are nine items of interest from a Long/poster on iHub answering questions from other Longs..:
1. No, I do not think asking for your stock certificate is a good investment choice re the reported naked shorting on this stock. I would let the audited financials prove the true valuation of this stock and I believe you will see the oil money behind this company be much more powerful than the shorters money. Remember, I was not SULJA that was shorted. It was Loftwerks so the introduction of the Middle East influence in this stock has taken the shorters by surprise. I strongly feel they know their time of covering at a responsible share priceis ever decreasing. What I suspect they will do over the next week is to let this stock run, short it at higher levels, buy up those taking profits and cover at lower levels. This gives them profits to offset their losses of the initial shorting. They can do this several times ultimately almost eliminating their losses of the initial shorting. The unknown factor here is the OIL money of the owner of Wessal. This could put some serious bugs into the shorters plans but I do expect strong runup on large volume all orchestrated this week.
2. Yes Sulja is a very viable company operating in Harrow Ontario with a sales office in Windsor. They have been in business for many years in Harrow and the Sulja family originally started many years ago with a small lumber yard in Kingsville Ontario. The Sulja family control most of the truss business in Essex and Kent Counties.
3. My pictures will be made availabe ONLY when I feel the time is appropriate. Not until then. A third party who visited Windsor and Harrow, is offering his pictures to prove this companies viability. You can also see some of their Harrow plant on their own website.
4. Sulja Bros. owns the most important piece of paper that the Oil money wanted. The Lumber Export License. That is their value to the exclusive lumber supply to the many Middle East Projects. Sulja Bros. currently do NOT sell high end furnishings noted on the most recent press release so this part of the Middle East conglomerate is by name only.
5. Loftwerks has nothing to do with Sulja/Wessal. Mr. Ammerman is in Nashville persuing his real estate interest there.
6. Mr. Petar Vucicevich is an important part of this supply conglomerate. Steve Sulja and business family members are very intelligent people with a long and flawless business reputation but to think they are experienced in exporting to the Middle East with the magnitude that the pro forma revenues are projecting is just alittle far fetched. There are outside influences that we have not been made aware of here in play. Middle East money and in a very, very big way. They are in desperate need of lumber and with Sulja's license and now Lumber mills they will be able to go into full production and export of the massive amounts of lumber needed in the Middle East. The logistics alone from the West coast mills require resources much more than the Sulja family have available to them, including Customs Export documentation, road, rail and ocean logistics. The Sulja Bros business is not a large conglomerate of international export trade. They have a license and limited experience. Outside money is involved. They will pay for the entire purchase of Sulja Bros in just 6 months of savings in material costs, reduction of production downtime on the sites, logistics costs, etc, etc, etc. to their Middle East sites in less than one year! Remember with the massive amount of building in just the UAE the first done makes the most money by being able to sell their projects first and moving on to the next. This is a race against time for them all in the UAE. Several news articles all made available to everyone here supports this fact.
7. No I do not know Chad Curtis but I wish him the very best the IR representative for Sulja Bros. His reputation is in his hands at this point. Although initially I was disatisfied at how he got this job, after further consideration, this young man may just be a genious.
8. Yes I do believe the numbers on the unaudited financials posted on the Sulja Bros. website are real. The Sulja family name of over 25 years of business gives me NO reason why at this late stage of their business career would begin to be questioned by falseing revenue numbers. This whole process has been planned for a much longer period of time than what has been posted on news from the company. I feel this process has been in negotiations for more than 1 year. We are only see the results of those negotiations recently. You don't give up 28 years of a successful family business with absolutely no history of ill gotten gains, in just a few months.
9. Yes I have had personal acquantances who have dealt with Steven Sulja for many years both in business and in friendship.
The web site shows the income statement only. I did not see any mention of any other financial statements. They cannot be awaiting OTCBB approval as the financial statements have not been submitted.
The month by month income statement is very impressive but where are the rest of the financial statements?
SLJB -- The focus of Sulja Brother's efforts in the Mideast includes the #1 area on the Top 10 List of unofficial wonders of the world..:
Unofficial Wonders of the World By Ryan Murphy
From the Great Pyramid of Giza to the Hanging Gardens of Babylon, nearly everyone knows about the seven wonders of the ancient world. These spectacular monuments were first celebrated by Greek historian Herodotus during the 5th century BC. As impressive as his list may be, it's by no means exhaustive. Here are 10 more awe-inspiring sites that are equally worthy of exultation.
No. 1 - The World Islands -- Dubai, United Arab Emirates
If you've ever dreamed of conquering the planet in a single day, you'll definitely want to head to The World Islands. Located off the coast of Dubai, this geographical oddity promises to be a collection of 300 manmade islands shaped to resemble the continents of the world. Although this massive real estate venture is still in its development stage, it will feature islands ranging from 250,000 to 900,000 square feet with a minimum of 164 feet of water between each site. Start saving your pennies now since islands are expected to fetch a minimum of $6.85 million each. Copyright 2006 Askmen.com
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