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LoftWerks, Inc. CEO Vows to Conquer Anemic Market; Initiates Cost Analysis on $20M Private Funding; Issues New Mandate for Meticulous Audits and Shareholder Dividends 9/12/2005 9:08:41 AM NASHVILLE, TN, Sep 12, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. ( LFWK ) CEO Dennis Ammerman announced today that anyone planning to flout LFWK stock in a "shorting position" would do so while bearing the full brunt of every available avenue of sound business development that will render them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman. "They've made a mistake this time, one that will cost them a great deal, and 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."
Ammerman then stated that he had authorized the initial Cost Analysis of the projects driven by the recent windfall of a Private Placement Funding Agreement for $20M, as reported previously some days ago. Moreover, he mandated that, "It is an absolute goal of this organization to formally audit everything remotely resembling a number or value around here for the sole purpose of delivering a dividend to shareholders of this company.
"We will simply work these people out of the way," he said. "We will work harder and smarter and with the accuracy of audited financials. We will put this behind us permanently, and get on with the business of growing businesses...not mounds of stock certificates."
Ammerman issued the scathing remarks and stringent plans for reparations after witnessing for two weeks the deservedly remarkable volume of LFWK clash sideways with the programmed trades and unabashed profiting of unscrupulous small-cap opportunists.
"We're revolutionizing the inner city; we may as well revamp the way it does business," Ammerman concluded.
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.
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LoftWerks, Inc. Announces JV With Consultech Construction Management, Inc.: $12M/3-yr. Consulting Services Agreement With Revenue Incentives 8/17/2005 7:58:05 AM NASHVILLE, TN, Aug 17, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. ( LFWK ) today announced a Joint Venture Agreement with Consultech Construction Management, Inc. that mandates a three-year term for design, planning, and consulting services in two target markets: one in Canada, the other in Europe (Germany). The Company's retainer should more than double the allotted $12M (US) with bonuses and incentives based upon performance and revenue production. The Agreement was finalized yesterday evening between LFWK CEO Dennis Ammerman and "CCM-Europe" Director General, Dr. Phil Roth, and will commence with a formal document-signing late next week.
"I cannot begin to utter the honor and gratitude of our organization toward Dr. Roth and all of Consultech," said Ammerman this morning. "Participation, at any level, with CCM is in-and-of-itself such an achievement that many would gladly pay to have but the memory of it."
CCM is one of only seven designated "Master Builders" on the North American Continent and in Europe. Their dealings span every aspect of Building and Development, from on-site services to finance and bond issuances. Their interests are global in scope, and this JV will place LoftWerks (LFWK) in an "international arena" that garners respect and a high profile in the industry.
"We've been intrigued by Dennis's passion and vision for urban renewal for some time now," said Dr. Roth of CCM-Europe. "And the results of his completed projects speak for themselves. When the opportunity arose for CCM to take on the logistics and artisanship of urban multi-housing refurbishing in two markets, we quite naturally called upon the broadest vision with uncompromising attention to detail that we knew. We called the best in Dennis and LoftWerks."
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.
Contact: Andrew DeVries, III 210-389-2615
SOURCE: LoftWerks, Inc.
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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LoftWerks, Inc. CEO Airs Vision on TV: Utilizes Forum to Identify "Bigger Picture" of Urban Renewal... Ancillary Opportunities 8/15/2005 9:45:46 AM NASHVILLE, TN, Aug 15, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. ( LFWK ) CEO Dennis Ammerman appeared on "Nashville Business-This Week" to discuss company developments, and to showcase his business plan which presents a comprehensive approach to urban revitalization. The program, which was taped on August 12 and co-hosted by Holly Dollof and Geert de Lombaerde, aired five (5) times over the past weekend on Nashville station WTVF.
The show, which also included a segment with Nashville furnishings expert Jennifer Kocak, focused on the cutting edge of urban living in terms of individuality, design, and lifestyle in America's metropolitan areas. "I'm grateful for the opportunity to get the word out about LoftWerks (LFWK) and our emergence here in Nashville," said Ammerman. "We are integrating a previously disparate array of projects, services and products into the leading movement in metropolitan markets in this country. This includes anything from our physical restoration services to an on-line and catalog merchandising campaign created specifically for the urban/loft market, and even the future production and broadcast of a cable TV series which will highlight and promote the benefits of living in dynamic inner-city locales."
On the program, Ammerman discussed the founding of LoftWerks, its recent IPO, and his ideas concerning the development of a new, on-line and catalog-sales campaign that will offer the "essentials" to his burgeoning market of urbanites, including a furniture line, house wares, and other "survival-gear necessities" for the urban dweller. "I always appreciate the opportunity to convey our vision. Media is vital. Everyone willing to listen must have a chance to hear loud and clear. There is a whole lot more to this company than bricks and mortar... it's about all the things that make us the right thing at the right time."
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.
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LoftWerks, Inc. (LFWK) Announces IPO: Finalizes $3.5M Financing to Complete $40M Urban Residential Restoration Project 6/30/2005 7:45:34 AM NASHVILLE, TN, Jun 30, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. ( LFWK ) today announces its presence in the public marketplace concurrent with the launch of its latest real estate venture; a complete transformation of an inner-city icon located in Nashville, TN., The Ambrose Building, into a Luxury High-Rise residential community worth an estimated $40M at completion.
Dennis Ammerman, Founder and CEO of Loftwerks, Inc., made the announcement while overseeing the project, which is well underway. The Ambrose Building is a century-old, Nashville Landmark that personifies the core operational paradigm of the company, namely the restoration of existing historical structures Into elegant, high-end residences imbued with the culture and local character of their urban surroundings.
Loftwerks has previously converted six older buildings in Detroit into highly desirable living spaces and will spend approximately $4.7 million to replicate its successful renovation model on "Ambrose," located at 162 Fourth Ave. N., in the heart of downtown Nashville.
"We're excited to enter the public arena as a means to raise awareness about our projects and Increase Loftwerks capitalization options. The ever increasing and 'affluently-stable' market for URBAN LOFTS is so compelling, we simply couldn't refuse the benefits of a public market vehicle, and the sometimes trying process now appears to be worth the effort," said Ammerman.
The Ambrose building will offer a mix of what lofts are all about, including exposed brick walls and large, exposed wooden beams. In addition, there will be roof decks, balconies and an atrium in the rear of the building.
Ammerman and Charles Loveman, a former Los Angeles City Planner, will spearhead the project with Nashville building owners Ambrose Associates. The project has garnered the attention and assistance of noted architect Eric Powers of the Franklin-based Innovations Group. He will design the building aided by resident Nashville architect Rob Cochran, a respected local consultant. Cochran has worked on a number of renovations and restorations and states that the building was constructed between 1890 and 1910. "The challenge," Cochran said, "is taking a building over 100 years old and turning it into something appealing and functional to the level of efficiency demanded by 21st-century usage while, simultaneously, preserving the historic integrity and cultural influences of the building's origin."
Ammerman has planned a 1,600-square-foot sales and marketing office for LoftWerks, Inc. to anchor the first floor while the top floors of the four-story structure will be converted into thirty-plus condominiums ranging in size from 700 to 1,400 square feet. Consumer pricing for the units is estimated at $130,000 to $275,000.
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.
Contact: Andrew DeVries, III 210-389-2615
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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To me this says they issued all the shares they planned to for the rest of the year. So it looks like the 6/7/2005 numbers should be the same.
From 15c211
Funding The Company believes that debt financing will be adequate to fund the Company's operations over the next twelve months. Thereafter, the Company may need to raise additional capital to meet long-term operating requirements. If the Company raises additional funds through the issuance of securities other than to current shareholders, the percentage ownership of its current shareholders would be reduced.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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LoftWerks, Inc. CEO Ammerman Moves Forward on HGTV-Targeted Series: "Loft-Wise" to Shoot Second Pilot 8/22/2005 6:41:30 AM Advertising Revenues Approach $1-3M According to Early Estimates
NASHVILLE, TN, Aug 22, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. ( LFWK ) CEO Dennis Ammerman announced today that he will move ahead with his plans to bring the vision of LoftWerks, Inc. to the broader market of America's television viewers. "Loft-Wise" will begin the production on a second pilot program that will garner slots on networks like HGTV, Discovery, and other cable specialty programs. The show will feature everything from the "before, during, and after" phases of Loft Construction ("Loftable Spaces") to "Urban Issues," to "Lofty Living" ...an ongoing portrait of unique and famous lofts and their often unique and famous owners. Full production leading up to airtime is slated for completion this Spring.
"Things are moving along so well with recent publicity, that all of us feel that the show is simply a continuance of that positive momentum," said Ammerman. "That idea of a natural progression to a larger audience is so very appealing as an owner. The Show becomes less a chore and more like an open microphone to strengthen our position as the leading authority on Urban Living.
Advertising will play a key role in the upcoming success of "Loft-Wise," primarily his own ads, which will feature key spin-offs that Ammerman has a headstart in developing, such as a furniture line that is designed for lofts and the often taller spaces they occupy. Other manufacturers and urban-service businesses will vie for the remaining ad-spaces on the show. Look for Ammerman to showcase his online and catalog merchandise sales as well. "When I said $150 million in 2006 I meant it," Ammerman touted. "I can't even begin to slow down the process of conceiving ancillary opportunities as we roll out this red carpet back to the inner city. We are so fortunate to be where we are. We will not waste a single opportunity ...not TV...not Print, not the nearest soapbox!"
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.
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No wonder there's a big spread.... there's hardly any shares out there it seems..... go go go go
Posts: 1835 | From: Boston, MA | Registered: Sep 2004
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LFWK Appoints Malone and Loveman to Board of Directors; Offer Vast Experience in Urban Renewal and a Network of Capitalization Sources 8/24/2005 6:30:34 AM NASHVILLE, TN, Aug 24, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. ( LFWK ) announces the appointment of Charles Loveman and Merrick Malone, veterans of the urban revitalization movement, to LFWK's Board of Directors, a combination that will bring over forty years of urban renewal and capitalization experience to the LoftWerks team.
Charles Loveman is a former Senior City Planner for downtown Los Angeles during the renovation and redevelopment of the Hollywood Equitable Building (120,000 sq. ft.), the Old Bank District loft housing project (400,000 sq. ft.), and the Rowan Lofts (280,000 sq. ft.). Currently, Loveman serves as Executive Director for Heritage Housing Partners, which recently secured $14 million New Market Tax Credits for the country's first market rate housing project, The Roosevelt Building redevelopment project. Independent analysts involved with the Roosevelt project conservatively estimate its value at over $100 Million Dollars, in terms of property value, and surrounding community economic benefit. The Roosevelt Project is an example of Loveman's strategy for the procurement of highly specialized tax credits for companies that spur economic development in the communities in which they operate.
Merrick Malone, of Washington, D.C., served simultaneously as Deputy Mayor for Economic Development and Director of Housing and Community Development from 1992 to 1996. He spearheaded the management team that constructed The MCI Sports Arena. He serves as executive advisor for BET Television Corporate Offices and Studios, and has actively led the redevelopment and rehabilitation efforts of 4,500 housing units to homeownership in the D.C. area. Mr. Malone is currently a Principal at Metropolis Development Company based in D.C., which focuses on new and existing solutions for urban mixed use residential and retail projects. Metropolis currently has 5 condominium projects in various stages of development in the D.C. Area and abroad.
"We are thrilled to have men of such stature join our Board of Directors," said LoftWerks, Inc. CEO Dennis Ammerman. "The vision and experience Charles and Merrick bring to our team will be invaluable in implementing urban renewal projects across the country. Their track records in dealing with governmental entities, and their vast network of contacts in the area of venture capital acquisition and third-party lending should propel us forward in our effort to bring our business plan to fruition. We are fortunate to have them on board."
Both Loveman and Malone expressed their excitement in joining in LoftWerks' unique approach to its various efforts at urban revitalization and renewal. Their appointment to the LoftWerks, Inc. Board of Directors takes effect immediately.
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.
quote:Originally posted by Chadsly: IPO on June 28, 2005 at .25. This went up to .40 and has continually fallen all the way down to .004. The RSI is about 15 and moving up.
Exactly.... fell for no reason on tiny amount of shares..... I'm buying big time at any price.... well under 2 cents at least
Posts: 1835 | From: Boston, MA | Registered: Sep 2004
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Ammerman then stated that he had authorized the initial Cost Analysis of the projects driven by the recent windfall of a Private Placement Funding Agreement for $20M, as reported previously some days ago. Moreover, he mandated that, "It is an absolute goal of this organization to formally audit everything remotely resembling a number or value around here for the sole purpose of delivering a dividend to shareholders of this company.
"We will simply work these people out of the way," he said. "We will work harder and smarter and with the accuracy of audited financials. We will put this behind us permanently, and get on with the business of growing businesses...not mounds of stock certificates."
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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quote:Originally posted by rickpic: Ammerman then stated that he had authorized the initial Cost Analysis of the projects driven by the recent windfall of a Private Placement Funding Agreement for $20M, as reported previously some days ago. Moreover, he mandated that, "It is an absolute goal of this organization to formally audit everything remotely resembling a number or value around here for the sole purpose of delivering a dividend to shareholders of this company.
"We will simply work these people out of the way," he said. "We will work harder and smarter and with the accuracy of audited financials. We will put this behind us permanently, and get on with the business of growing businesses...not mounds of stock certificates."
What exactly is LFWK doing with the $20M? Are they paying someone for the audit? That's my understanding.
-------------------- If you don't sweat the pennies, you're not making any money. Posts: 2218 | Registered: Feb 2005
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Volume is really going. I like that the CEO is combatting any *funny business* up front. There no need for dilution. Contracts are already here. There was need for the price to be down here in the first place. I think we've got a steal.
-------------------- If you don't sweat the pennies, you're not making any money. Posts: 2218 | Registered: Feb 2005
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I've been watching it for a few days - interestingly, the ask actually came down to 0.008 (was 0.0009 for several days), despite the buying pressure ...
Posts: 323 | From: Honolulu | Registered: Sep 2003
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