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SiteWorks Building & Development Co Announces Domestic Contracts on Hand Totaling $1,400,000
Internet Wire via COMTEX
Jan 26, 2006 5:00:01 AM
MIAMI, FL, Jan 26, 2006 (MARKET WIRE via COMTEX) --
The Management of SiteWorks, Inc. (OTC BB: SWKJ), a construction and real estate development company, announced the company has secured a number of contracts in its home state of Florida totaling approximately $1,400,000. #################################################
They also have a ton of contracts overseas.
Also:
Feb 2, 2006 9:11:30 AM
Feb 02, 2006 (M2 PRESSWIRE via COMTEX) --
********** / www.**********, is initiating coverage of SiteWorks Building & Development Co. (OTCBB: SWKJ) after releasing the latest short sale data through February 1st. From January 2005 to February 2006 approximately 450.3 million total aggregate shares of SWKJ have traded for a total dollar value of nearly $23.7 million. The total aggregate number of shares shorted in this time period is approximately 34.67 million shares. The SWKJ SqueezeTrigger price of $0.05 is the volume weighted average short price that all shorts are short shares of SWKJ. A short squeeze began when shares of SWKJ exceeded $0.05. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://**********/squeezetrigger.pdf.
Month Total Vol. Short Vol Avg.Price $Value
Jan 05 238,585 18,371 1.1625 $21,356
Feb 394,904 30,408 1.15 $34,968
Mar 2,905,390 223,715 0.2788 $62,371
Apr 3,902,583 300,499 0.055 $16,527
May 7,072,499 544,582 0.0222 $12,089
June 18,340,512 1,412,219 0.0524 $74,000
July 50,480,364 3,886,988 0.0323 $125,549
Aug 64,317,620 4,952,457 0.0288 $142,630
Sept 88,145,568 6,787,209 0.0399 $270,809
Oct 76,245,008 5,870,866 0.0762 $447,359
Nov 47,620,168 3,666,753 0.059 $216,338
Dec 29,763,440 2,291,785 0.0534 $122,381
Jan 06 60,696,400 4,673,623 0.0597 $279,015
Feb 200,300 15,423 0.064 $987.08
Total 450,323,341 34,674,897 0.053 $1,826,386
*short volume is approximated using a proprietary algorithm
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
SWKJ On OTCBB Naked Short Threshold List
On List Off List # Days
June 13, 2005 July 11, 2005 20 December 5, 2005 December 14, 2005 8
SiteWorks has been on the OTCBB Naked Short Threshold list 2 times. Brokerage firms have been out of compliance with Regulation SHO once, and are currently violating Regulation SHO by not forcing naked shorts to cover. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About SiteWorks Building & Development Co.
SiteWorks Building and Development Co. engages in general construction, construction management, and real estate development in South Florida and the Caribbean. It involves primarily in the construction of housing developments, condo conversions, and middle-income multifamily buildings, as well as performs infrastructure work, which includes installation of electric and gas utilities. In addition, the company markets and distributes construction related and other technology products. The company, formerly known as SiteWorks, Inc. was incorporated in 2001. It changed its name to SiteWorks Building and Development Co. in April 2005. SiteWorks is based in Miami, Florida.
About **********
WWW.********** is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. ********** has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
********** has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 600,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like ********** to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, ********** provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by **********, based upon information believed to be reliable. The information contained herein is not guaranteed by ********** to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. SiteWorks Building & Development Co. has paid a $995.00 data fee for information provided in this report. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ********** is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ********** will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
********** and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of **********, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.
By visiting ********** or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. **********, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to ********** and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State.
Past performance is not a guarantee of future outcomes. Any and all examples are hypothetical and should not be considered a guarantee or endorsement of such trading activity. ********** does not take responsibility for problems of any kind, including but not limited to issues with operations, data accuracy or completeness, contacting issues, technical issues, and timeliness. ********** places great integrity on the data collected and distributed. This information is deemed reliable, but not guaranteed. All information and data is provided "as is" without warranty or guarantee of any kind.
Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and ********** undertakes no obligation to update such statements.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
CONTACT: Thomas Ronk, CEO Tel: +1 800 715 9999 e-mail: Tom*********** WWW: http://www.**********
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