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Looking forward to the move now. But still kind of hoping for that other 118000 to get filled. Don't know of I'm quite that lucky.
Posts: 421 | From: Florida | Registered: Mar 2005
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LFWK to Commence Two New Renovation Projects in Nashville Area as New Funding Arrangement Creates Opportunities 11/18/2005 2:06:28 PM NASHVILLE, TN, Nov 18, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. ( LFWK ) today announced its plans to begin two additional urban renovation projects in Nashville. These projects are a refurbishment of a single large office building into approximately fifty condominium units, and the renovation of several adjoining buildings into residential units. Both of these projects will include retail and commercial space on the ground floors. The combined value of the two projects is estimated at $50 million dollars.
These two projects follow the Ambrose Building renovation in Nashville, which is nearing completion. "The impact of these three projects truly puts us in the forefront of the effort that is right now transforming downtown Nashville," said LoftWerks CEO Dennis Ammerman. "Our original idea is working as ever, and is creating a magnet for bringing life to the downtown area. We're creating a community where people truly desire to live, because of the lifestyle it offers."
This announcement comes on the heels of LoftWerks' procurement of a $20 million dollar, third-party funding arrangement for use in project development. This loan, obtained through the efforts of Consultech Construction and its Director-General Petar Vucicevich, will be used to implement various aspects of LoftWerks' overall concept of advancing the revitalized urban lifestyle. "These three projects, and the use of private, third-party funding, are indicative of the approach we've forseen for years. It is crucial to our task of increasing shareholder value," said Ammerman. "Despite recent market conditions, we are confidant that our approach to third-party financing will instill shareholder viability in the long run, and will allow us bring all of the segments of our overall urban lifestyle vision to the public."
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.
posted
i just went for .006. i figured even if it doesnt go up, i can sell at the ask and only lose commission. this stock is so predicatble, so im not worried, plus i made cash today on it by flipping it
Posts: 2329 | From: MD | Registered: Jul 2005
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all I know is its a $50m PR on top of telling us they have almost completed the prior building project and the total shares ever traded is still under 200 million! This is a nice price right here!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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posted
True...Still a good price to be in at. Monday looks like it will be a great day. They're finally tightening up that spread a little too.
Posts: 421 | From: Florida | Registered: Mar 2005
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Well, maybe not LOL! Geez this trades weird. Hopefully, it will pop Monday. Have a great weekend! Off to job #2
Posts: 421 | From: Florida | Registered: Mar 2005
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LoftWerks, Inc. Moves Forward: Additional Projects Underway in Nashville 11/21/2005 7:57:41 AM NASHVILLE, TN, Nov 21, 2005 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. ( LFWK ) announced its plans to begin two additional renovation projects in Nashville. These projects are a reformation of two entities: (1) a single large office building restructured into approximately fifty condominium units, and (2) a multi-structured renovation of several adjoining buildings into both residential and commercial facilities. The combined value of the two projects is estimated at $50 million when lease options, revenue sharing, and the available and pursued tax credit benefits are considered.
These projects coat-tail the Ambrose Building renovation in Nashville, which is nearing completion. "The impact of these three projects truly puts us in the forefront of the effort that is right now transforming downtown Nashville," said LoftWerks CEO Dennis Ammerman. "Our original idea is working as ever, and is creating a magnet for bringing life to the downtown area. We're creating a community where people truly desire to live, because of the lifestyle it offers."
This announcement comes on the heels of LoftWerks' successs in the private funding arena. A $20 million, private debt arrangement for project development was recently obtained through the efforts of Consultech Construction and its Director-General Petar Vucicevich. "These projects, and the use of private funding are indicative to the approach we intend to take from now on," said Ammerman. "We are confident that our funding approach will create shareholder value in the long run, and will allow us to develop the gamut of our overall vision as an organization."
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.
posted
I'm buying today! I have a funny feeling that a dividend and more PR is coming soon! You have to read through the old PR's to see what I'm thinking, but my gut says get in, so thats what I doing!
-------------------- Nothing moves a sub like news!!! Posts: 3346 | From: Leominster,MA,US | Registered: Jul 2003
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this thing is just waiting to break .006. lots of buys at the ask, but almost each mirrored
Posts: 2329 | From: MD | Registered: Jul 2005
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